Retirement plan

TOM THORP TRANSPORTS, INC. PROFIT SHARING PLAN

Name: TOM THORP TRANSPORTS, INC. - TOM THORP TRANSPORTS, INC. PROFIT SHARING PLAN (2021) Form 5500
Creator: TOM THORP TRANSPORTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOM THORP TRANSPORTS, INC. PROFIT SHARING PLAN, TOM THORP TRANSPORTS, INC.

TOM THORP TRANSPORTS, INC.EIN 75-1695488Plan #001PY 2021

P.O. BOX 523, 2407 EAST US HIGHWAY 67 - MERTZON, TX 76941325-835-4091LinkedIn51-200 employeesrailroad manufacture

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$11.7M

+13.4% from 2020

Total participants

-4.8% from 2020

Average account balance

$158,259

+7.3% from 2020

Annual return

10.80%

+0.29 pp from 2020

Benchmarks

See 3,884 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,884 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2T3D

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.
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

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

$762K

$14115 / participant

Other / not subdivided$762K100.0%

% of EOY assets

6.509%

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

$158,259

$62,549+153.0%

$85,705+84.7%

$85,851+84.3%

Participation rate

90.7%

61.1%+29.6pp

69.9%+20.9pp

69.3%+21.4pp

Annual return

10.80%

23.77%-13.0pp

21.49%-10.7pp

318.63%-307.8pp

Employer contribution / active EE

$18,208

$1,755+937.2%

$2,619+595.3%

$2,565+609.7%

Participant deferral / active EE

$2,802-100.0%

$3,924-100.0%

$3,952-100.0%

Admin fee / account holder

$10,300

$4,644+121.8%

$6,877+49.8%

$6,261+64.5%

TOM THORP TRANSPORTS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOM THORP TRANSPORTS, INC. PROFIT SHARING 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