Retirement plan

TANGENT TECHNOLOGIES, LLC 401(K)

Name: TANGENT TECHNOLOGIES, LLC - TANGENT TECHNOLOGIES, LLC 401(K) (2020) Form 5500
Creator: TANGENT TECHNOLOGIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TANGENT TECHNOLOGIES, LLC 401(K), TANGENT TECHNOLOGIES, LLC

TANGENT TECHNOLOGIES, LLCEIN 61-1437265Plan #001PY 2020

1001 SULLIVAN ROAD - AURORA, IL 60506630-264-4097

Prospect flagsLow participationLow assets / participantLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$1.8M

+65.4% from 2019

Total participants

298

+138.4% from 2019

Average account balance

$11,449

No prior year

Annual return

24.57%

+0.90 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.28M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

231

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.

40.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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 10 of 13 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS, INC Service code 15 · EIN 52-1309931	Recordkeeping	$10,626
AMERICAN FUNDS1 year Service code 28 · EIN 95-1411037	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL Service code 28	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FEDERATED1 year Filed as: FEDERATED FUNDS Service code 28 · EIN 25-1111467	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
JANUS HENDERSON1 year Filed as: JANUS FUNDS Service code 28 · EIN 43-1804048	Investment Management	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 28 · EIN 13-2624428	Investment Management	$0
LEGG MASON1 year Service code 28 · EIN 52-1200960	Investment Management	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3F

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant 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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$11K

$40 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.595%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,449

$85,135-86.6%

$98,916-88.4%

$73,412-84.4%

Participation rate

47.0%

81.1%-34.1pp

76.0%-29.0pp

72.2%-25.2pp

Annual return

24.57%

19.14%+5.4pp

196.45%-171.9pp

59.30%-34.7pp

Employer contribution / active EE

$741

$2,721-72.8%

$2,689-72.4%

$2,234-66.8%

Participant deferral / active EE

$1,220

$4,349-71.9%

$4,245-71.3%

$3,806-67.9%

Admin fee / account holder

$68

$139-51.1%

$6,642-99.0%

$158-56.9%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS, INC

Service code 15 · EIN 52-1309931

Recordkeeping

$10,626

AMERICAN FUNDS1 year

Service code 28 · EIN 95-1411037

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL

Service code 28

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FEDERATED1 year

Filed as: FEDERATED FUNDS

Service code 28 · EIN 25-1111467

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

JANUS HENDERSON1 year

Filed as: JANUS FUNDS

Service code 28 · EIN 43-1804048

Investment Management

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 28 · EIN 13-2624428

Investment Management

LEGG MASON1 year

Service code 28 · EIN 52-1200960

Investment Management

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

TANGENT TECHNOLOGIES, LLC 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TANGENT TECHNOLOGIES, LLC 401(K)

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