Retirement plan

TUBES, INC. 401(K) PLAN

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

TUBES, INC.EIN 76-0121226Plan #002PY 2023

9401 TELGE ROAD - HOUSTON, TX 77095281-858-8300

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$8M

+5.3% from 2022

Total participants

-3.4% from 2022

Average account balance

$112,802

+5.3% from 2022

Annual return

9.70%

+14.68 pp from 2022

Benchmarks

See 9,210 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,210 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.45M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

69.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$597K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$21,743
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,857
LEAFHOUSE FINANCIAL ADVISORS, LLC7 years Service code 27 6300 BRIDGE POINT PKWY · AUSTIN, TX 78730	Advisory (Plan)	$3,184
CALVIN MARTIN & COMPANY1 year Service code 10 1425 PRINCE ST · HOUSTON, TX 77008	Accounting	$1,535
BOKF, NA1 year Service code 19 P.O. BOX 880 · TULSA, OK 74101	Securities Custodian	$174

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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

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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$30K

$424 / participant

Recordkeeping$29K94.4%
Trustee / custodial$1750.6%
Other / not subdivided$2K5.0%

% of EOY assets

0.381%

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: CALVIN MARTIN & COMPANY
Auditor EIN: 760591623
Audit fees: $1,535
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,802

$91,536+23.2%

$130,062-13.3%

$75,177+50.0%

Participation rate

80.6%

71.5%+9.1pp

78.5%+2.0pp

67.2%+13.4pp

Annual return

9.70%

-631.62%+641.3pp

-137.37%+147.1pp

160.75%-151.0pp

Employer contribution / active EE

$2,607

$2,845-8.4%

$4,322-39.7%

$2,671-2.4%

Participant deferral / active EE

$6,253

$4,343+44.0%

$5,821+7.4%

$4,126+51.5%

Admin fee / account holder

$429

$6,780-93.7%

$10,601-95.9%

$5,651-92.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$21,743

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,857

LEAFHOUSE FINANCIAL ADVISORS, LLC7 years

Service code 27

6300 BRIDGE POINT PKWY · AUSTIN, TX 78730

Advisory (Plan)

$3,184

CALVIN MARTIN & COMPANY1 year

Service code 10

1425 PRINCE ST · HOUSTON, TX 77008

Accounting

$1,535

BOKF, NA1 year

Service code 19

P.O. BOX 880 · TULSA, OK 74101

Securities Custodian

$174

TUBES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TUBES, INC. 401(K) 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