Retirement plan

TRS 401(K) RETIREMENT PLAN

Name: TRS STAFFING SOLUTIONS, INC. - TRS 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: TRS STAFFING SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRS 401(K) RETIREMENT PLAN, TRS STAFFING SOLUTIONS, INC.

TRS STAFFING SOLUTIONS, INC.EIN 57-0785147Plan #001PY 2019

6700 LAS COLINAS BOULEVARD - IRVING, TX 75039469-398-7000

Prospect flagsLow participationLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.8M

+13.7% from 2018

Total participants

2,301

-6.2% from 2018

Average account balance

$14,317

+43.9% from 2018

Annual return

15.92%

+20.72 pp from 2018

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.11M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

1,400

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.

58.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284	Recordkeeping	$96,820
ERNST & YOUNG LLP5+ years Filed as: ERNST AND YOUNG LLP Service code 10 · EIN 34-6565596	Accounting	$43,100
WILLIS TOWERS WATSON US LLC3 years Filed as: WATSON WYATT INVESTMENT CONSULTING Service code 11 · EIN 53-0181291	Actuarial	$22,500
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL COMMUNICATIONS LLC Service code 14 · EIN 41-2007271	Plan Administrator	$19,335
NORTHERN TRUST COMPANY5+ years Service code 21 · EIN 36-1561860	Bank Trustee	$7,650

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$189K

$172 / participant

Contract admin$73K38.7%
Other / not subdivided$116K61.3%

% of EOY assets

0.682%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG, LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,317

$66,051-78.3%

$92,915-84.6%

$77,775-81.6%

Participation rate

67.2%

81.0%-13.8pp

76.0%-8.8pp

73.2%-6.0pp

Annual return

15.92%

20.69%-4.8pp

109.45%-93.5pp

32.58%-16.7pp

Employer contribution / active EE

$98

$3,426-97.1%

$3,653-97.3%

$2,504-96.1%

Participant deferral / active EE

$2,855

$3,013-5.3%

$4,238-32.6%

$3,966-28.0%

Admin fee / account holder

$98

$148-33.9%

$5,796-98.3%

$100-2.4%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 15 · EIN 04-3516284

Recordkeeping

$96,820

ERNST & YOUNG LLP5+ years

Filed as: ERNST AND YOUNG LLP

Service code 10 · EIN 34-6565596

Accounting

$43,100

WILLIS TOWERS WATSON US LLC3 years

Filed as: WATSON WYATT INVESTMENT CONSULTING

Service code 11 · EIN 53-0181291

Actuarial

$22,500

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL COMMUNICATIONS LLC

Service code 14 · EIN 41-2007271

Plan Administrator

$19,335

NORTHERN TRUST COMPANY5+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$7,650

TRS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRS 401(K) RETIREMENT 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