Retirement plan

THIRD STREET ADMINISTRATION PROFIT SHARING PLAN AND TRUST

Name: THIRD STREET ADMINISTRATION, INC. - THIRD STREET ADMINISTRATION PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: THIRD STREET ADMINISTRATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THIRD STREET ADMINISTRATION PROFIT SHARING PLAN AND TRUST, THIRD STREET ADMINISTRATION, INC.

THIRD STREET ADMINISTRATION, INC.EIN 74-2698526Plan #001PY 2017

1611 CHISHOLM TRAIL, SUITE 210 - ROUND ROCK, TX 78681512-352-5030

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$2.3M

-4.5% from 2016

Total participants

245

-14.6% from 2016

Average account balance

$20,781

-0.3% from 2016

Annual return

10.16%

+2.41 pp from 2016

Benchmarks

See 246 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort246 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

26.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$503

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

+12.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3450

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
INVESTMENT CENTERS OF AMERICA3+ years Filed as: INVESTMENT CENTERS OF AMERICA, INC. Service code 27 301 N. MAIN · TAYLOR, TX 76574	Advisory (Plan)	$16,258
CPI QUALIFIED PLAN CONSULTANTS, INC3+ years Service code 12 · EIN 48-1205033	Sub-transfer agency fees; Recordkeepi...	$13,623
WITHUMSMITH+BROWN, PC3+ years Filed as: ADAMS, BROWN, BERAN & BALL Service code 10 · EIN 48-1040139	Accounting	$5,400

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$153 / participant

Investment mgmt$16K44.5%
Contract admin$15K40.7%
Other / not subdivided$5K14.8%

% of EOY assets

1.555%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLAN & COMPANY, P.C.
Auditor EIN: 742767692
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,781

$64,954-68.0%

$115,752-82.0%

$62,293-66.6%

Participation rate

44.8%

73.0%-28.2pp

77.8%-33.0pp

69.5%-24.7pp

Annual return

10.16%

24.87%-14.7pp

19.41%-9.3pp

28.90%-18.7pp

Employer contribution / active EE

$2,344-100.0%

$3,492-100.0%

$2,042-100.0%

Participant deferral / active EE

$385

$3,665-89.5%

$5,204-92.6%

$3,169-87.9%

Admin fee / account holder

$323

$414-21.9%

$6,278-94.9%

$479-32.6%

Provider

Service type

Compensation

INVESTMENT CENTERS OF AMERICA3+ years

Filed as: INVESTMENT CENTERS OF AMERICA, INC.

Service code 27

301 N. MAIN · TAYLOR, TX 76574

Advisory (Plan)

$16,258

CPI QUALIFIED PLAN CONSULTANTS, INC3+ years

Service code 12 · EIN 48-1205033

Sub-transfer agency fees; Recordkeepi...

$13,623

WITHUMSMITH+BROWN, PC3+ years

Filed as: ADAMS, BROWN, BERAN & BALL

Service code 10 · EIN 48-1040139

Accounting

$5,400

THIRD STREET ADMINISTRATION PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THIRD STREET ADMINISTRATION PROFIT SHARING PLAN AND TRUST

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