Retirement plan

TOWER IMAGING, INC. RETIREMENT PLAN AND TRUST

Name: TOWER IMAGING, INC. - TOWER IMAGING, INC. RETIREMENT PLAN AND TRUST (2016) Form 5500
Creator: TOWER IMAGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOWER IMAGING, INC. RETIREMENT PLAN AND TRUST, TOWER IMAGING, INC.

TOWER IMAGING, INC.EIN 59-1433551Plan #004PY 2016

2700 UNIVERSITY SQUARE DRIVE - TAMPA, FL 33612813-253-2721towerdiagnostic.comLinkedIn201-500 employees

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$30.1M

+2.5% from 2015

Total participants

302

-18.6% from 2015

Average account balance

$99,790

-10.4% from 2015

Annual return

6.95%

+8.24 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.85M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

303

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.

46.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
ASSETMARK RETIREMENT SERVICES, INC.2+ years Filed as: ASSETMARK Service code 51 1960 OLD GATESBURG ROAD · STATECOLLEGE, PA 16823	Investment Mgmt Fees	$96,104
ARIS CORPORATION OF AMERICA1 year Filed as: ARIS CORPORATION Service code 13 1960 OLD GATESBURG ROAD · STATE COLLEGE, PA 16801	Contract Administrator	$9,396

Plan features & details

Pension benefit codes2E2G2J2A2F3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$133K

$473 / participant

Investment mgmt$124K93.0%
Other / not subdivided$9K7.0%

% of EOY assets

0.442%

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: GARCIA & ORTIZ
Auditor EIN: 593410694
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,790

$36,916+170.3%

$156,551-36.3%

$57,658+73.1%

Participation rate

100.0%

63.4%+36.6pp

84.0%+16.0pp

70.2%+29.8pp

Annual return

6.95%

12.38%-5.4pp

32.23%-25.3pp

5.13%+1.8pp

Employer contribution / active EE

$1,571-100.0%

$5,501-100.0%

$1,974-100.0%

Participant deferral / active EE

$2,782

$1,926+44.5%

$4,871-42.9%

$3,061-9.1%

Admin fee / account holder

$442

$82+435.3%

$13,028-96.6%

$95+367.1%

Provider

Service type

Compensation

ASSETMARK RETIREMENT SERVICES, INC.2+ years

Filed as: ASSETMARK

Service code 51

1960 OLD GATESBURG ROAD · STATECOLLEGE, PA 16823

Investment Mgmt Fees

$96,104

ARIS CORPORATION OF AMERICA1 year

Filed as: ARIS CORPORATION

Service code 13

1960 OLD GATESBURG ROAD · STATE COLLEGE, PA 16801

Contract Administrator

$9,396

TOWER IMAGING, INC. RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOWER IMAGING, INC. RETIREMENT PLAN AND TRUST

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