Retirement plan

TSL 401(K) PLAN

Name: TRADITION MANAGEMENT, LLC - TSL 401(K) PLAN (2022) Form 5500
Creator: TRADITION MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TSL 401(K) PLAN, TRADITION MANAGEMENT, LLC

TRADITION MANAGEMENT, LLCEIN 80-0211352Plan #001PY 2022

7701 LEMMON AVENUE, SUITE 220 - DALLAS, TX 75209214-221-8200

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1.5M

-1.1% from 2021

Total participants

668

+10.2% from 2021

Average account balance

$10,770

-3.9% from 2021

Annual return

-5.18%

-19.69 pp from 2021

Benchmarks

See 645 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort645 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.56M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

165

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.

8.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$400K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$376

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

+17.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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 9 by compensation

Provider	Service type	Compensation
AB FUNDS6+ years Filed as: ALLIANCE BERNSTEIN Service code 28 · EIN 13-3191825	Investment Management	$0
AMERICAN FUNDS6+ years Service code 28 · EIN 95-1411037	Investment Management	$0
COLUMBIA6+ years Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
DIMENSIONAL FUND ADVISORS3 years Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
LEGG MASON3 years Service code 28 · EIN 52-1200960	Investment Management	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
T ROWE PRICE RPS INC3 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$0
TIAA6+ years Filed as: TIAA-CREF Service code 28 · EIN 13-1624203	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

5 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$7 / participant

Contract admin$4K100.0%

% of EOY assets

0.290%

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: SAVILLE CPA'S AND ADVISORS
Auditor EIN: 900525804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,770

$50,458-78.7%

$160,037-93.3%

$64,824-83.4%

Participation rate

11.9%

68.0%-56.2pp

78.0%-66.1pp

71.5%-59.6pp

Annual return

-5.18%

-13.42%+8.2pp

408.95%-414.1pp

32.84%-38.0pp

Employer contribution / active EE

$1,722-100.0%

$4,226-100.0%

$2,507-100.0%

Participant deferral / active EE

$580

$4,004-85.5%

$6,184-90.6%

$4,311-86.6%

Admin fee / account holder

$31

$706-95.6%

$8,716-99.6%

$188-83.3%

Provider

Service type

Compensation

AB FUNDS6+ years

Filed as: ALLIANCE BERNSTEIN

Service code 28 · EIN 13-3191825

Investment Management

AMERICAN FUNDS6+ years

Service code 28 · EIN 95-1411037

Investment Management

COLUMBIA6+ years

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

DIMENSIONAL FUND ADVISORS3 years

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

LEGG MASON3 years

Service code 28 · EIN 52-1200960

Investment Management

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC

Service code 15

Recordkeeping

T ROWE PRICE RPS INC3 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

TIAA6+ years

Filed as: TIAA-CREF

Service code 28 · EIN 13-1624203

Investment Management

TSL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TSL 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