Retirement plan

TOMORROW.IO 401(K) PLAN

Name: THE TOMORROW COMPANIES INC. - TOMORROW.IO 401(K) PLAN (2024) Form 5500
Creator: THE TOMORROW COMPANIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOMORROW.IO 401(K) PLAN, THE TOMORROW COMPANIES INC.

THE TOMORROW COMPANIES INC.EIN 61-1778389Plan #001PY 2024

9 CHANNEL CENTER STREET, 7TH FLOOR - BOSTON, MA 02210617-968-4995

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.7M

+36.6% from 2023

Total participants

174

-10.8% from 2023

Average account balance

$33,265

+46.2% from 2023

Annual return

24.95%

+0.33 pp from 2023

Benchmarks

See 3,225 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,225 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.72M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

142

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.

66.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+24.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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 19 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$10,839
AB FUNDS2 years Filed as: AB LARGE Service code 28	Investment Management	$0
AB FUNDS1 year Filed as: ALLIANCE BERNSTEIN Service code 28 711 HIGH STREET · DES MOINES, IA 503920001	Investment Management	$0
AMERICAN CENTURY2 years Service code 28 · EIN 20-0623152	Investment Management	$0
BAIRD FUNDS1 year Service code 28 777 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202	Investment Management	$0
THE BANK OF NEW YORK MELLON2 years Filed as: BNY MELLON Service code 33 BNY MELLON CENTER 201 · BOSTON, MA 021084408	Shareholder servicing fees; Securitie...	$0
CONGRESS ASSET MANAGEMENT2 years Filed as: CONGRESS SMALL CAP Service code 38 666 FIFTH AVENUE · NEW YORK, NY 10103	Participant Communication	$0
FEDERATED2 years Filed as: FEDERATED HERMES Service code 28	Investment Management	$0
FEDERATED1 year Filed as: FEDERATED INVESTOR Service code 28 · EIN 25-1111467	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$115 / participant

Recordkeeping$6K52.4%
Contract admin$1K12.5%
Other / not subdivided$4K35.1%

% of EOY assets

0.229%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,265

$77,492-57.1%

$100,398-66.9%

$80,911-58.9%

Participation rate

66.0%

76.9%-11.0pp

81.5%-15.5pp

67.6%-1.7pp

Annual return

24.95%

37.23%-12.3pp

49.32%-24.4pp

35.63%-10.7pp

Employer contribution / active EE

$2,800-100.0%

$3,946-100.0%

$2,756-100.0%

Participant deferral / active EE

$15,145

$6,817+122.2%

$8,084+87.4%

$4,297+252.5%

Admin fee / account holder

$76

$5,892-98.7%

$7,893-99.0%

$6,935-98.9%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$10,839

AB FUNDS2 years

Filed as: AB LARGE

Service code 28

Investment Management

AB FUNDS1 year

Filed as: ALLIANCE BERNSTEIN

Service code 28

711 HIGH STREET · DES MOINES, IA 503920001

Investment Management

AMERICAN CENTURY2 years

Service code 28 · EIN 20-0623152

Investment Management

BAIRD FUNDS1 year

Service code 28

777 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202

Investment Management

THE BANK OF NEW YORK MELLON2 years

Filed as: BNY MELLON

Service code 33

BNY MELLON CENTER 201 · BOSTON, MA 021084408

Shareholder servicing fees; Securitie...

CONGRESS ASSET MANAGEMENT2 years

Filed as: CONGRESS SMALL CAP

Service code 38

666 FIFTH AVENUE · NEW YORK, NY 10103

Participant Communication

FEDERATED2 years

Filed as: FEDERATED HERMES

Service code 28

Investment Management

FEDERATED1 year

Filed as: FEDERATED INVESTOR

Service code 28 · EIN 25-1111467

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

TOMORROW.IO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOMORROW.IO 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