Retirement plan

EMPLOYEE BENEFIT PLAN OF EAST TENNESSEE PUBLIC COMMUNICATIONS CORP.

Name: EAST TENNESSEE PUBLIC COMMUNICATIONS CORP. - EMPLOYEE BENEFIT PLAN OF EAST TENNESSEE PUBLIC COMMUNICATIONS CORP. (2020) Form 5500
Creator: EAST TENNESSEE PUBLIC COMMUNICATIONS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF EAST TENNESSEE PUBLIC COMMUNICATIONS CORP., EAST TENNESSEE PUBLIC COMMUNICATIONS CORP.

EAST TENNESSEE PUBLIC COMMUNICATIONS CORP.EIN 62-1173293Plan #001PY 2020

1611 E MAGNOLIA AVE - KNOXVILLE, TN 37917865-595-0220useetc.comLinkedIn1-10 employeesinformation technology and services

Other plans on this EIN

1 filing

#002Retirement-$45K assets

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.7M

+5.7% from 2019

Total participants

0.0% from 2019

Average account balance

$83,402

-4.9% from 2019

Annual return

1.93%

-2.10 pp from 2019

Benchmarks

See 9,162 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,162 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.34M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

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.

138.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$94K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2834

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

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

Expense breakdown

Schedule H Part II

Admin total

$22K

$1275 / participant

Other / not subdivided$22K100.0%

% of EOY assets

1.300%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,402

$115,917-28.1%

$100,535-17.0%

$158,982-47.5%

Participation rate

82.4%

81.6%+0.8pp

79.4%+2.9pp

82.0%+0.4pp

Annual return

1.93%

34.80%-32.9pp

30.90%-29.0pp

302.99%-301.1pp

Employer contribution / active EE

$2,577

$4,105-37.2%

$3,419-24.6%

$4,763-45.9%

Participant deferral / active EE

$1,217

$6,677-81.8%

$6,271-80.6%

$5,983-79.7%

Admin fee / account holder

$1,084

$11,002-90.1%

$8,085-86.6%

$11,252-90.4%

EMPLOYEE BENEFIT PLAN OF EAST TENNESSEE PUBLIC COMMUNICATIONS CORP.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF EAST TENNESSEE PUBLIC COMMUNICATIONS CORP.

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