Retirement plan

EMPLOYEE BENEFIT PLAN OF TENNESSEE TECHNOLOGY DEVELOPMENT CORPORATION

Name: TENNESSEE TECHNOLOGY DEVELOPME - EMPLOYEE BENEFIT PLAN OF TENNESSEE TECHNOLOGY DEVELOPMENT CORPORATION (2022) Form 5500
Creator: TENNESSEE TECHNOLOGY DEVELOPME
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF TENNESSEE TECHNOLOGY DEVELOPMENT CORPORATION, TENNESSEE TECHNOLOGY DEVELOPME

TENNESSEE TECHNOLOGY DEVELOPMEEIN 62-1765738Plan #001PY 2022

1321 6TH AVE N - NASHVILLE, TN 372082603615-991-2809tntechnology.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$828K

-18.3% from 2021

Total participants

+3.2% from 2021

Average account balance

$26,715

-18.3% from 2021

Annual return

-27.12%

-60.92 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.98M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$254K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5675

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 codes2G3D2J2T

Plan features

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

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$25K

$2464 / participant

Other / not subdivided$25K100.0%

% of EOY assets

2.975%

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

$26,715

$92,684-71.2%

$82,706-67.7%

$134,509-80.1%

Participation rate

90.0%

75.2%+14.8pp

72.6%+17.4pp

81.2%+8.8pp

Annual return

-27.12%

945.84%-973.0pp

701.76%-728.9pp

418.13%-445.3pp

Employer contribution / active EE

$7,023

$3,272+114.7%

$3,007+133.5%

$4,741+48.1%

Participant deferral / active EE

$4,390

$4,800-8.5%

$4,394-0.1%

$6,400-31.4%

Admin fee / account holder

$795

$5,982-86.7%

$5,329-85.1%

$11,427-93.0%

EMPLOYEE BENEFIT PLAN OF TENNESSEE TECHNOLOGY DEVELOPMENT CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF TENNESSEE TECHNOLOGY DEVELOPMENT CORPORATION

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