Retirement plan

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

Name: TRI-COUNTRY ELECTRIC COMPANY, INC. - USWA SAVINGS PROGRAM-TRI-COUNTY ELECTRIC COMPANY, INC. 401K PLAN (2020) Form 5500
Creator: TRI-COUNTRY 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-COUNTRY ELECTRIC COMPANY, INC.

TRI-COUNTRY ELECTRIC COMPANY, INC.EIN 55-0516747Plan #002PY 2020

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.1M

+5.6% from 2019

Total participants

174

-3.3% from 2019

Average account balance

$35,004

+9.2% from 2019

Annual return

12.45%

-3.05 pp from 2019

Benchmarks

See 16,249 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,249 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$11,971

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

1 tripped

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

$272 / participant

Contract admin$12K100.0%

% of EOY assets

0.197%

all-in expense ratio

Categories reported

1 / 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

$35,004

$72,273-51.6%

$101,275-65.4%

$79,856-56.2%

Participation rate

100.0%

68.5%+31.5pp

75.8%+24.2pp

69.6%+30.4pp

Annual return

12.45%

22.30%-9.8pp

46.48%-34.0pp

31.71%-19.3pp

Employer contribution / active EE

$4,590

$2,691+70.6%

$3,660+25.4%

$2,471+85.7%

Participant deferral / active EE

$2,536

$3,282-22.7%

$4,371-42.0%

$3,741-32.2%

Admin fee / account holder

$69

$4,401-98.4%

$5,948-98.8%

$5,306-98.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$11,971

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