Retirement plan

TOP FLIGHT EMPLOYEES' 401(K) SAVINGS PLAN

Name: TOP FLIGHT, INC. - TOP FLIGHT EMPLOYEES' 401(K) SAVINGS PLAN (2023) Form 5500
Creator: TOP FLIGHT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOP FLIGHT EMPLOYEES' 401(K) SAVINGS PLAN, TOP FLIGHT, INC.

TOP FLIGHT, INC.EIN 62-0119360Plan #003PY 2023

1300 CENTRAL AVENUE - CHATTANOOGA, TN 37408423-648-5438topflightpaper.comLinkedIn201-500 employeespaper & forest products

Other plans on this EIN

1 filing

#001Retirement-$5.1M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$9M

+19.8% from 2022

Total participants

133

+1.5% from 2022

Average account balance

$73,985

+20.8% from 2022

Annual return

20.94%

+36.81 pp from 2022

Benchmarks

See 1,939 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.38M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

110

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$577K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$411

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 3 by compensation

Provider	Service type	Compensation
STANLEY BENEFIT SERVICES, INC.3 years Filed as: STANLEY BENEFIT SERVICES Service code 19 · EIN 20-6004000	Securities Custodian	$17,015
FUND DIRECT ADVISORS3 years Service code 27 · EIN 27-3584365	Advisory (Plan)	$12,829
PRONVEST4 years Service code 51 · EIN 62-1823351	Investment Mgmt Fees	$5,545

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$37K

$357 / participant

Contract admin$37K100.0%

% of EOY assets

0.412%

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: LBMC PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,985

$71,534+3.4%

$98,462-24.9%

$71,529+3.4%

Participation rate

89.4%

72.7%+16.7pp

75.2%+14.3pp

67.9%+21.5pp

Annual return

20.94%

32.44%-11.5pp

21.17%-0.2pp

28.97%-8.0pp

Employer contribution / active EE

$140

$2,399-94.2%

$3,049-95.4%

$2,590-94.6%

Participant deferral / active EE

$3,749

$4,109-8.8%

$4,738-20.9%

$4,291-12.6%

Admin fee / account holder

$304

$1,677-81.8%

$8,875-96.6%

$1,588-80.8%

Provider

Service type

Compensation

STANLEY BENEFIT SERVICES, INC.3 years

Filed as: STANLEY BENEFIT SERVICES

Service code 19 · EIN 20-6004000

Securities Custodian

$17,015

FUND DIRECT ADVISORS3 years

Service code 27 · EIN 27-3584365

Advisory (Plan)

$12,829

PRONVEST4 years

Service code 51 · EIN 62-1823351

Investment Mgmt Fees

$5,545

TOP FLIGHT EMPLOYEES' 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOP FLIGHT EMPLOYEES' 401(K) SAVINGS 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