Retirement plan

TSE INDUSTRIES, INC. PROFIT SHARING/401(K) PLAN

Name: TSE INDUSTRIES, INC. - TSE INDUSTRIES, INC. PROFIT SHARING/401(K) PLAN (2019) Form 5500
Creator: TSE INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TSE INDUSTRIES, INC. PROFIT SHARING/401(K) PLAN, TSE INDUSTRIES, INC.

TSE INDUSTRIES, INC.EIN 59-1089552Plan #001PY 2019

5180 113TH AVENUE NOTH - CLEARWATER, FL 33760727-573-7676tse-industries.comLinkedIn201-500 employeeschemicals

Prospect flagsLow returnsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$5.5M

+13.7% from 2018

Total participants

239

+21.3% from 2018

Average account balance

$41,424

+8.5% from 2018

Annual return

15.26%

+17.04 pp from 2018

Benchmarks

See 1,981 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,981 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.01M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

241

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$723K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ASPIRE FINANCIAL SERVICES5+ years Service code 15 · EIN 27-1033755 4010 BOY SCOUT BLVD. · TAMPS, FL 33607	Recordkeeping	$8,630
PENSERV PLAN SERVICES, INC.5+ years Filed as: PENSERVCO, INC. Service code 13 · EIN 59-3634521 600 BYPASS DRIVE · CLEARWATER, FL 33764	Contract Administrator	$8,132
LPL FINANCIAL5+ years Service code 27 · EIN 95-2834236 600 BYPASS DRIVE · CLEARWATER, FL 33764	Advisory (Plan)	$6,997
MATRIX TRUST COMPANY2 years Filed as: MATRIX COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$3,029

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$123 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.498%

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: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,424

$66,319-37.5%

$93,621-55.8%

$65,186-36.5%

Participation rate

51.8%

74.0%-22.2pp

75.8%-24.0pp

70.2%-18.4pp

Annual return

15.26%

42.59%-27.3pp

32.76%-17.5pp

29.39%-14.1pp

Employer contribution / active EE

$295

$2,013-85.3%

$2,719-89.1%

$2,177-86.4%

Participant deferral / active EE

$1,920

$3,343-42.6%

$4,070-52.8%

$3,514-45.4%

Admin fee / account holder

$206

$6,900-97.0%

$7,890-97.4%

$847-75.6%

Provider

Service type

Compensation

ASPIRE FINANCIAL SERVICES5+ years

Service code 15 · EIN 27-1033755

4010 BOY SCOUT BLVD. · TAMPS, FL 33607

Recordkeeping

$8,630

PENSERV PLAN SERVICES, INC.5+ years

Filed as: PENSERVCO, INC.

Service code 13 · EIN 59-3634521

600 BYPASS DRIVE · CLEARWATER, FL 33764

Contract Administrator

$8,132

LPL FINANCIAL5+ years

Service code 27 · EIN 95-2834236

600 BYPASS DRIVE · CLEARWATER, FL 33764

Advisory (Plan)

$6,997

MATRIX TRUST COMPANY2 years

Filed as: MATRIX COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$3,029

TSE INDUSTRIES, INC. PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TSE INDUSTRIES, INC. PROFIT SHARING/401(K) 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