Retirement plan

USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN

Name: TRI-COUNTY ELECTRIC COMPANY, INC. - USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN (2019) Form 5500
Creator: TRI-COUNTY ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN, TRI-COUNTY ELECTRIC COMPANY, INC.

TRI-COUNTY ELECTRIC COMPANY, INC.EIN 55-0516747Plan #002PY 2019

300 SCOTTDALE AVE - SCOTTDALE, PA 15683724-887-9110

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

+10.2% from 2018

Total participants

180

-0.6% from 2018

Average account balance

$32,043

+10.8% from 2018

Annual return

15.50%

+18.46 pp from 2018

Benchmarks

See 15,812 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,812 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$6.67M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$89K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

133.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$483K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$3325

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969	Recordkeeping	$6,034
PNC BANK, N.A.4 years Service code 25 · EIN 22-1146430	Directed Trustee	$5,531

Plan features & details

Pension benefit codes2E2F2G2J3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$12K

$187 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.201%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DELISI, KEENAN & ASSOCIATES, PC
Auditor EIN: 251818418
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,043

$65,367-51.0%

$92,915-65.5%

$72,976-56.1%

Participation rate

100.0%

68.3%+31.7pp

76.0%+24.0pp

69.5%+30.5pp

Annual return

15.50%

42.11%-26.6pp

109.45%-93.9pp

81.02%-65.5pp

Employer contribution / active EE

$3,895

$2,594+50.2%

$3,653+6.6%

$2,440+59.6%

Participant deferral / active EE

$2,276

$3,128-27.2%

$4,238-46.3%

$3,608-36.9%

Admin fee / account holder

$64

$4,251-98.5%

$5,796-98.9%

$5,124-98.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

Recordkeeping

$6,034

PNC BANK, N.A.4 years

Service code 25 · EIN 22-1146430

Directed Trustee

$5,531

USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion