Retirement plan

TIER 1 PERFORMANCE SOLUTIONS, LLC 401(K) PLAN

Name: TIER 1 PERFORMANCE SOLUTIONS, LLC - TIER 1 PERFORMANCE SOLUTIONS, LLC 401(K) PLAN (2017) Form 5500
Creator: TIER 1 PERFORMANCE SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIER 1 PERFORMANCE SOLUTIONS, LLC 401(K) PLAN, TIER 1 PERFORMANCE SOLUTIONS, LLC

TIER 1 PERFORMANCE SOLUTIONS, LLCEIN 61-1426022Plan #001PY 2017

100 E. RIVERCENTER BOULEVARD, SUITE 100 - COVINGTON, KY 41011859-663-2114LinkedIn11-50 employeescomputer software

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.9M

+52.9% from 2016

Total participants

226

+22.8% from 2016

Average account balance

$42,965

+18.2% from 2016

Annual return

27.21%

+17.06 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.18M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

406

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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
VOYA RETIREMENT INSURANCE & ANNUITY3+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$3,809
MORNINGSTAR2 years Service code 26 · EIN 36-4317381	Advisory (Participants)	$3,732

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
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.
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

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

$9K

$45 / participant

Investment mgmt$8K81.2%
Other / not subdivided$2K18.8%

% of EOY assets

0.105%

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: CASSADY SCHILLER CPAS & ADVISORS
Auditor EIN: 311311065
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,965

$80,753-46.8%

$136,297-68.5%

$62,293-31.0%

Participation rate

90.8%

73.5%+17.2pp

81.9%+8.9pp

69.5%+21.3pp

Annual return

27.21%

35.83%-8.6pp

5156.19%-5129.0pp

28.90%-1.7pp

Employer contribution / active EE

$2,013

$2,884-30.2%

$4,696-57.1%

$2,042-1.4%

Participant deferral / active EE

$6,080

$5,164+17.7%

$6,247-2.7%

$3,169+91.9%

Admin fee / account holder

$45

$525-91.4%

$9,244-99.5%

$479-90.6%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$3,809

MORNINGSTAR2 years

Service code 26 · EIN 36-4317381

Advisory (Participants)

$3,732

TIER 1 PERFORMANCE SOLUTIONS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIER 1 PERFORMANCE SOLUTIONS, LLC 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