Retirement plan

TOTAL QUALITY MAINTENANCE, INC. PROFIT SHARING PLAN

Name: TOTAL QUALITY MAINTENANCE, INC. - TOTAL QUALITY MAINTENANCE, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: TOTAL QUALITY MAINTENANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOTAL QUALITY MAINTENANCE, INC. PROFIT SHARING PLAN, TOTAL QUALITY MAINTENANCE, INC.

TOTAL QUALITY MAINTENANCE, INC.EIN 77-0464301Plan #001PY 2023

895 COMMERCIAL STREET - PALO ALTO, CA 94303650-846-4700tqm.bzLinkedIn1-10 employeesfacilities services

Prospect flagsLow returnsLow participationRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+21.1% from 2022

Total participants

164

-1.8% from 2022

Average account balance

$36,706

+17.6% from 2022

Annual return

11.02%

+29.72 pp from 2022

Benchmarks

See 1,361 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,361 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.53M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

109

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$390K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
SECURIAN FINANCIAL SERVICES INC8+ years Filed as: SECURIAN FINANCIAL SERVICES Service code 12 · EIN 41-0417830 400 ROBERT STREET NORTH · ST. PAUL, MN 55101	Consulting (general); Participant loa...	$13,306
MINNESOTA LIFE INSURANCE COMPANY8+ years Filed as: MINNESOTA MUTAL LIFE INS. COMPANY Service code 12 · EIN 41-0417830 P.O. BOX 64114 · ST. PAUL, MN 55164	Participant communication; Consulting...	$2,128

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$15K

$124 / participant

Contract admin$15K100.0%

% of EOY assets

0.412%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SILICON VALLEY ACCOUNTANCY CORP
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,706

$41,150-10.8%

$80,607-54.5%

$71,495-48.7%

Participation rate

50.0%

50.3%-0.3pp

67.0%-17.0pp

67.9%-17.9pp

Annual return

11.02%

38.48%-27.5pp

936.11%-925.1pp

28.85%-17.8pp

Employer contribution / active EE

$1,106

$1,515-27.0%

$2,724-59.4%

$2,589-57.3%

Participant deferral / active EE

$1,661

$2,701-38.5%

$4,448-62.7%

$4,291-61.3%

Admin fee / account holder

$151

$1,841-91.8%

$5,379-97.2%

$1,588-90.5%

Provider

Service type

Compensation

SECURIAN FINANCIAL SERVICES INC8+ years

Filed as: SECURIAN FINANCIAL SERVICES

Service code 12 · EIN 41-0417830

400 ROBERT STREET NORTH · ST. PAUL, MN 55101

Consulting (general); Participant loa...

$13,306

MINNESOTA LIFE INSURANCE COMPANY8+ years

Filed as: MINNESOTA MUTAL LIFE INS. COMPANY

Service code 12 · EIN 41-0417830

P.O. BOX 64114 · ST. PAUL, MN 55164

Participant communication; Consulting...

$2,128

TOTAL QUALITY MAINTENANCE, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOTAL QUALITY MAINTENANCE, 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