Retirement plan

TEC BUILDING SYSTEMS LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: TEC BUILDING SYSTEMS LLC - TEC BUILDING SYSTEMS LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: TEC BUILDING SYSTEMS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEC BUILDING SYSTEMS LLC 401(K) PROFIT SHARING PLAN & TRUST, TEC BUILDING SYSTEMS LLC

TEC BUILDING SYSTEMS LLCEIN 82-5310876Plan #001PY 2024

4725 34TH ST FL 4 - LONG ISLAND CITY, NY 111012410718-247-2148

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.9M

+6.9% from 2023

Total participants

169

+1.2% from 2023

Average account balance

$104,970

+9.7% from 2023

Annual return

18.20%

-1.51 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.85M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

151

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.

83.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$886K

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

+18.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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 3 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC3 years Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 26 · EIN 93-0987232 4860 COLLEGE BLVD. · OVERLAND PARK, KS 66211	Advisory (Participants)	$20,981
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$15,644
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS Service code 26 · EIN 93-0987232 11101 SWITZER ROAD, SUITE 200 · OVERLAND PARK, KS 66210	Advisory (Participants)	$7,191

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$410 / participant

Trustee / custodial$8601.9%
Investment mgmt$28K63.0%
Contract admin$16K35.1%

% of EOY assets

0.282%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WAGNER, FERBER, FINE & ACKERMAN, PL
Auditor EIN: 113061778
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,970

$101,591+3.3%

$147,096-28.6%

$74,429+41.0%

Participation rate

83.5%

75.5%+7.9pp

82.2%+1.3pp

67.2%+16.3pp

Annual return

18.20%

8746.45%-8728.3pp

419.75%-401.5pp

1368.38%-1350.2pp

Employer contribution / active EE

$3,813-100.0%

$4,936-100.0%

$2,625-100.0%

Participant deferral / active EE

$8,129

$7,302+11.3%

$8,071+0.7%

$4,348+86.9%

Admin fee / account holder

$296

$1,750-83.1%

$13,005-97.7%

$1,944-84.8%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC3 years

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 26 · EIN 93-0987232

4860 COLLEGE BLVD. · OVERLAND PARK, KS 66211

Advisory (Participants)

$20,981

PAYCHEX, INC.4 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$15,644

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 26 · EIN 93-0987232

11101 SWITZER ROAD, SUITE 200 · OVERLAND PARK, KS 66210

Advisory (Participants)

$7,191

TEC BUILDING SYSTEMS LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEC BUILDING SYSTEMS LLC 401(K) PROFIT SHARING PLAN & 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