Retirement plan

TOEROEK ASSOCIATES, INC. 401(K) PLAN

Name: TOEROEK ASSOCIATES, INC. - TOEROEK ASSOCIATES, INC. 401(K) PLAN (2020) Form 5500
Creator: TOEROEK ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOEROEK ASSOCIATES, INC. 401(K) PLAN, TOEROEK ASSOCIATES, INC.

TOEROEK ASSOCIATES, INC.EIN 84-1226164Plan #001PY 2020

300 UNION BLVD, SUITE 520 - LAKEWOOD, CO 80228303-420-7735toeroek.comLinkedIn51-200 employeesmanagement consulting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.2M

+24.9% from 2019

Total participants

108

-1.8% from 2019

Average account balance

$64,457

+31.4% from 2019

Annual return

17.62%

-4.82 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.60M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$691K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5559

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

0 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
TRANSAMERICA RETIREMENT SOLUTIONS5 years Service code 15 · EIN 13-3689044	Recordkeeping	$27,756
EIDE BAILLY LLP4 years Filed as: EIDE BAILEY LLP Service code 10 · EIN 45-0250958	Accounting	$9,700
CREATIVE RETIREMENT SYSTEMS, INC.6+ years Service code 15 · EIN 31-1299207	Recordkeeping	$3,293

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$44K

$703 / participant

Other / not subdivided$44K100.0%

% of EOY assets

0.715%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,457

$98,776-34.7%

$149,745-57.0%

$79,856-19.3%

Participation rate

81.0%

75.8%+5.2pp

82.5%-1.5pp

69.6%+11.3pp

Annual return

17.62%

27.38%-9.8pp

276.72%-259.1pp

31.71%-14.1pp

Employer contribution / active EE

$2,268

$3,217-29.5%

$4,646-51.2%

$2,471-8.2%

Participant deferral / active EE

$6,952

$5,681+22.4%

$6,843+1.6%

$3,741+85.8%

Admin fee / account holder

$461

$6,053-92.4%

$9,312-95.0%

$5,306-91.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5 years

Service code 15 · EIN 13-3689044

Recordkeeping

$27,756

EIDE BAILLY LLP4 years

Filed as: EIDE BAILEY LLP

Service code 10 · EIN 45-0250958

Accounting

$9,700

CREATIVE RETIREMENT SYSTEMS, INC.6+ years

Service code 15 · EIN 31-1299207

Recordkeeping

$3,293

TOEROEK ASSOCIATES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOEROEK ASSOCIATES, 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