Retirement plan

TECHLINE, INC. 401(K) SAVINGS & RETIREMENT PLAN

Name: TECHLINE, INC. - TECHLINE, INC. 401(K) SAVINGS & RETIREMENT PLAN (2023) Form 5500
Creator: TECHLINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TECHLINE, INC. 401(K) SAVINGS & RETIREMENT PLAN, TECHLINE, INC.

TECHLINE, INC.EIN 74-2480247Plan #333PY 2023

9609 BECK CIR - AUSTIN, TX 787585401512-833-5401techlinepipe.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$157.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25M

+18.7% from 2022

Total participants

346

+19.3% from 2022

Average account balance

$87,886

+1.6% from 2022

Annual return

18.89%

+35.77 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.59M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

287

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.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.30M

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$363

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$65,231
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Service code 27 · EIN 36-4291971	Advisory (Plan)	$24,994

Plan features & details

Pension benefit codes2E2G2J2T2U3D3H

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.
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

$90K

$284 / participant

Investment mgmt$25K27.7%
Contract admin$65K72.3%

% of EOY assets

0.360%

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: MAXWELL LOCKE & RITTER LLP
Auditor EIN: 742900215
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,886

$91,372-3.8%

$130,045-32.4%

$74,460+18.0%

Participation rate

80.8%

77.8%+3.0pp

78.5%+2.3pp

70.7%+10.1pp

Annual return

18.89%

23.21%-4.3pp

-137.30%+156.2pp

34.38%-15.5pp

Employer contribution / active EE

$1,083

$2,563-57.7%

$4,321-74.9%

$2,638-58.9%

Participant deferral / active EE

$6,074

$4,721+28.7%

$5,820+4.4%

$4,530+34.1%

Admin fee / account holder

$317

$283+11.7%

$10,600-97.0%

$348-9.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$65,231

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Service code 27 · EIN 36-4291971

Advisory (Plan)

$24,994

TECHLINE, INC. 401(K) SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TECHLINE, INC. 401(K) SAVINGS & RETIREMENT 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