Retirement plan

WILLIAM S. TRIMBLE COMPANY, INC. PROFIT SHARING PLAN & TRUST

Name: WILLIAM S. TRIMBLE COMPANY, INC. - WILLIAM S. TRIMBLE COMPANY, INC. PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: WILLIAM S. TRIMBLE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAM S. TRIMBLE COMPANY, INC. PROFIT SHARING PLAN & TRUST, WILLIAM S. TRIMBLE COMPANY, INC.

WILLIAM S. TRIMBLE COMPANY, INC.EIN 62-0460703Plan #001PY 2024

2200 ATCHLEY STREET - KNOXVILLE, TN 37901865-573-1911LinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.9M

+18.4% from 2023

Total participants

217

+13.0% from 2023

Average account balance

$39,917

+14.8% from 2023

Annual return

10.92%

-2.88 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.86M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

197

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$804K

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

+10.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$316

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 4 by compensation

Provider	Service type	Compensation
HOME FEDERAL BANK OF TENNESSEE7 years Service code 99 · EIN 62-1230706 515 MARKET STREET, STE 500 · KNOXVILLE, TN 37902	Other Fees	$24,290
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,621
TENNESSEE PENSION ADMINISTRATORS7 years Service code 13 · EIN 62-1757444	Contract Administrator	$13,232
COULTER & JUSTUS2 years Filed as: COULTER & JUSTUS, PC Service code 10 9717 COGDILL ROAD, SUITE 201 · KNOXVILLE, TN 37932	Accounting	$12,750

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

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

$62K

$364 / participant

Recordkeeping$12K19.2%
Investment mgmt$24K39.1%
Contract admin$13K21.3%
Other / not subdivided$13K20.5%

% of EOY assets

0.791%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COULTER & JUSTUS, P.C.
Auditor EIN: 621532536
Audit fees: $12,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,917

$59,448-32.9%

$93,696-57.4%

$74,459-46.4%

Participation rate

88.3%

59.6%+28.7pp

68.7%+19.6pp

67.2%+21.1pp

Annual return

10.92%

82.11%-71.2pp

133.74%-122.8pp

1369.70%-1358.8pp

Employer contribution / active EE

$1,931

$1,266+52.5%

$2,422-20.3%

$2,626-26.5%

Participant deferral / active EE

$2,771

$3,052-9.2%

$4,417-37.3%

$4,350-36.3%

Admin fee / account holder

$316

$3,027-89.6%

$8,287-96.2%

$1,945-83.8%

Provider

Service type

Compensation

HOME FEDERAL BANK OF TENNESSEE7 years

Service code 99 · EIN 62-1230706

515 MARKET STREET, STE 500 · KNOXVILLE, TN 37902

Other Fees

$24,290

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,621

TENNESSEE PENSION ADMINISTRATORS7 years

Service code 13 · EIN 62-1757444

Contract Administrator

$13,232

COULTER & JUSTUS2 years

Filed as: COULTER & JUSTUS, PC

Service code 10

9717 COGDILL ROAD, SUITE 201 · KNOXVILLE, TN 37932

Accounting

$12,750

WILLIAM S. TRIMBLE COMPANY, INC. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAM S. TRIMBLE COMPANY, INC. PROFIT SHARING PLAN & 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