Retirement plan

TPI CORPORATION PENSION PLAN

Name: TPI CORPORATION - TPI CORPORATION PENSION PLAN (2021) Form 5500
Creator: TPI CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TPI CORPORATION PENSION PLAN, TPI CORPORATION

TPI CORPORATIONEIN 62-0482961Plan #002PY 2021

PO BOX 4973 - JOHNSON CITY, TN 37602423-477-4131tpicorp.comLinkedIn501-1000 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#001Retirement-$10.0M assets

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$6.5M

+7.7% from 2020

Total participants

270

-7.8% from 2020

Average account balance

$24,022

+16.5% from 2020

Annual return

9.29%

-0.66 pp from 2020

Benchmarks

See 4,053 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,053 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.39M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

364

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.

100.0%

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

$2K

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

+7.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$40,993
SWBC INVESTMENT ADVISORY SERVICES4 years Filed as: SWBC INVESTMENT ADVISORY SERVICES L Service code 16	Consulting	$8,609
SWBC INVESTMENT ADVISORY SERVICES2 years Filed as: SWBC INVESTMENT ADVISORY SERVICES, Service code 27 · EIN 75-1553739	Advisory (Plan)	$8,609
BLACKBURN, CHILDERS & STEGALL, PLC1 year Filed as: BLACKBURN, CHILDERS, & STEAGALL Service code 10 · EIN 62-0647474	Accounting	$8,500
ALLSPRING1 year Service code 52 · EIN 84-6615098	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-0791372	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2T

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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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.

Expense breakdown

Schedule H Part II

Admin total

$49K

$203 / participant

Investment mgmt$32K64.0%
Contract admin$9K18.8%
Other / not subdivided$9K17.2%

% of EOY assets

0.766%

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: BLACKBURN, CHILDERS & STEAGALL
Auditor EIN: 620647474
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,022

$84,940-71.7%

$111,306-78.4%

$79,389-69.7%

Participation rate

99.6%

75.9%+23.7pp

77.3%+22.3pp

70.7%+28.9pp

Annual return

9.29%

17.45%-8.2pp

54.67%-45.4pp

116.89%-107.6pp

Employer contribution / active EE

$1,070

$1,979-45.9%

$2,732-60.8%

$2,428-55.9%

Participant deferral / active EE

$818

$3,889-79.0%

$4,488-81.8%

$4,046-79.8%

Admin fee / account holder

$184

$537-65.8%

$7,966-97.7%

$626-70.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$40,993

SWBC INVESTMENT ADVISORY SERVICES4 years

Filed as: SWBC INVESTMENT ADVISORY SERVICES L

Service code 16

Consulting

$8,609

SWBC INVESTMENT ADVISORY SERVICES2 years

Filed as: SWBC INVESTMENT ADVISORY SERVICES,

Service code 27 · EIN 75-1553739

Advisory (Plan)

$8,609

BLACKBURN, CHILDERS & STEGALL, PLC1 year

Filed as: BLACKBURN, CHILDERS, & STEAGALL

Service code 10 · EIN 62-0647474

Accounting

$8,500

ALLSPRING1 year

Service code 52 · EIN 84-6615098

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-0791372

Indirect Investment Fees

TPI CORPORATION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TPI CORPORATION PENSION 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