Retirement plan

TIPPERARY SALES, INC. PROFIT SHARING PLAN

Name: TIPPERARY SALES, INC. - TIPPERARY SALES, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: TIPPERARY SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIPPERARY SALES, INC. PROFIT SHARING PLAN, TIPPERARY SALES, INC.

TIPPERARY SALES, INC.EIN 58-1933151Plan #001PY 2020

3511 WRIGHTSBORO ROAD, P.O. BOX 14849 - AUGUSTA, GA 309190849706-738-6167LinkedIn51-200 employeesfurniture

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.6M

+25.9% from 2019

Total participants

137

+5.4% from 2019

Average account balance

$72,704

+20.5% from 2019

Annual return

12.84%

-8.20 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.67M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

149

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$979K

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$480

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$61,109
CHERRY BEKAERT LLP2 years Filed as: CHERRY BEKAERT WEALTH MANAGEMENT LL Service code 27 · EIN 62-1752578	Advisory (Plan)	$34,178

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$61K

$571 / participant

Contract admin$61K100.0%

% of EOY assets

0.712%

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: CHERRY BEKAERT
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,704

$54,573+33.2%

$90,970-20.1%

$73,497-1.1%

Participation rate

82.2%

61.2%+21.1pp

69.0%+13.2pp

70.7%+11.6pp

Annual return

12.84%

16.69%-3.8pp

134.60%-121.8pp

28.51%-15.7pp

Employer contribution / active EE

$9,689

$991+877.3%

$2,122+356.6%

$2,270+326.8%

Participant deferral / active EE

$3,826

$2,517+52.0%

$3,373+13.4%

$3,740+2.3%

Admin fee / account holder

$518

$521-0.7%

$5,961-91.3%

$513+0.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$61,109

CHERRY BEKAERT LLP2 years

Filed as: CHERRY BEKAERT WEALTH MANAGEMENT LL

Service code 27 · EIN 62-1752578

Advisory (Plan)

$34,178

TIPPERARY SALES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIPPERARY SALES, INC. PROFIT SHARING 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