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 (2022) 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 2022

4725 34TH STREET, 4TH FLOOR - LONG ISLAND CITY, NY 11101718-247-2148

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$16.1M

-23.4% from 2021

Total participants

186

-2.6% from 2021

Average account balance

$96,341

-20.7% from 2021

Annual return

-20.28%

-33.48 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 15 · EIN 65-0173164 4860 COLLEGE BLVD. · OVERLAND PARK, KS 66211	Recordkeeping	$31,444
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$16,564

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 returns
Annual investment return 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

$49K

$348 / participant

Investment mgmt$31K64.5%
Contract admin$17K35.5%

% of EOY assets

0.303%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,341

$84,493+14.0%

$125,381-23.2%

$66,938+43.9%

Participation rate

86.4%

76.4%+10.0pp

82.4%+4.0pp

69.8%+16.6pp

Annual return

-20.28%

-8.49%-11.8pp

572.31%-592.6pp

1.58%-21.9pp

Employer contribution / active EE

$2,678

$3,554-24.6%

$4,815-44.4%

$2,545+5.2%

Participant deferral / active EE

$7,230

$6,783+6.6%

$7,448-2.9%

$4,238+70.6%

Admin fee / account holder

$292

$685-57.4%

$10,007-97.1%

$594-50.8%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 15 · EIN 65-0173164

4860 COLLEGE BLVD. · OVERLAND PARK, KS 66211

Recordkeeping

$31,444

PAYCHEX, INC.2 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$16,564

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