Retirement plan

TENNSMITH HOLDINGS INC. EMPLOYEE SAVINGS & PROFIT SHARING PLAN

Name: TENNSMITH HOLDINGS INC. - TENNSMITH HOLDINGS INC. EMPLOYEE SAVINGS & PROFIT SHARING PLAN (2024) Form 5500
Creator: TENNSMITH HOLDINGS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TENNSMITH HOLDINGS INC. EMPLOYEE SAVINGS & PROFIT SHARING PLAN, TENNSMITH HOLDINGS INC.

TENNSMITH HOLDINGS INC.EIN 86-3624328Plan #001PY 2024

6926 SMITHVILLE HIGHWAY - MCMINNVILLE, TN 37110931-934-2211

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

+24.7% from 2023

Total participants

163

+7.2% from 2023

Average account balance

$57,125

+13.5% from 2023

Annual return

15.90%

-1.71 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.03M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

123

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.

65.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$553K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$279

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 4 by compensation

Provider	Service type	Compensation
TAYLOR SECURITIES4+ years Filed as: TAYLOR SECURITIES, INC. Service code 26 · EIN 62-1254593 100 WINNERS CIRCLE, NORTH · BRENTWOOD, TN 37027	Advisory (Participants)	$7,417
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$1,126
NATIONWIDE4+ years Service code 26 · EIN 20-0937408 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$643
QUALIFIED PLANS, LLC4+ years Filed as: QUALIFIED RETIREMENT SOLUTIONS Service code 26 100 WINNERS CIR N STE 460 · BRENTWOOD, TN 37027	Advisory (Participants)	$550

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$34K

$296 / participant

Investment mgmt$34K100.0%

% of EOY assets

0.489%

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: HENDERSON HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,125

$79,223-27.9%

$102,460-44.2%

$74,478-23.3%

Participation rate

65.5%

74.8%-9.2pp

76.5%-11.0pp

67.2%-1.7pp

Annual return

15.90%

54.98%-39.1pp

29.47%-13.6pp

1370.56%-1354.7pp

Employer contribution / active EE

$1,660

$2,363-29.7%

$3,025-45.1%

$2,626-36.8%

Participant deferral / active EE

$3,108

$4,417-29.6%

$5,056-38.5%

$4,350-28.6%

Admin fee / account holder

$279

$2,003-86.1%

$9,460-97.0%

$1,946-85.7%

Provider

Service type

Compensation

TAYLOR SECURITIES4+ years

Filed as: TAYLOR SECURITIES, INC.

Service code 26 · EIN 62-1254593

100 WINNERS CIRCLE, NORTH · BRENTWOOD, TN 37027

Advisory (Participants)

$7,417

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$1,126

NATIONWIDE4+ years

Service code 26 · EIN 20-0937408

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$643

QUALIFIED PLANS, LLC4+ years

Filed as: QUALIFIED RETIREMENT SOLUTIONS

Service code 26

100 WINNERS CIR N STE 460 · BRENTWOOD, TN 37027

Advisory (Participants)

$550

TENNSMITH HOLDINGS INC. EMPLOYEE SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TENNSMITH HOLDINGS INC. EMPLOYEE SAVINGS & 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