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. (2024) 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 2024

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2M

+11.2% from 2023

Total participants

-5.0% from 2023

Average account balance

$120,389

+17.7% from 2023

Annual return

12.46%

+3.87 pp from 2023

Benchmarks

See 12,306 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort12,306 peers

Snapshot2024

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 codes2E2G2J2T3D2F

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.
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 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.)

Expense breakdown

Schedule H Part II

Admin total

$134K

$8402 / participant

Other / not subdivided$134K100.0%

% of EOY assets

6.568%

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

$120,389

$108,922+10.5%

$100,398+19.9%

$145,978-17.5%

Participation rate

87.5%

83.0%+4.5pp

81.5%+6.0pp

80.3%+7.2pp

Annual return

12.46%

58.04%-45.6pp

49.32%-36.9pp

550.52%-538.1pp

Employer contribution / active EE

$3,615

$4,426-18.3%

$3,946-8.4%

$4,662-22.5%

Participant deferral / active EE

$2,114

$8,450-75.0%

$8,084-73.8%

$6,690-68.4%

Admin fee / account holder

$7,907

$9,680-18.3%

$7,893+0.2%

$13,400-41.0%

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