Retirement plan

TOOL GAUGE & MACHINE WORKS, INC. 401(K) PROFIT SHARING PLAN

Name: TOOL GAUGE & MACHINE WORKS, INC. - TOOL GAUGE & MACHINE WORKS, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: TOOL GAUGE & MACHINE WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOOL GAUGE & MACHINE WORKS, INC. 401(K) PROFIT SHARING PLAN, TOOL GAUGE & MACHINE WORKS, INC.

TOOL GAUGE & MACHINE WORKS, INC.EIN 91-0817261Plan #002PY 2021

4336 S ADAMS ST - TACOMA, WA 98409253-473-2740

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.2M

+13.1% from 2020

Total participants

121

+9.0% from 2020

Average account balance

$39,431

+6.7% from 2020

Annual return

14.72%

+7.68 pp from 2020

Benchmarks

See 5,668 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,668 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+0.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Service code 27	Advisory (Plan)	$14,837

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9K

$134 / participant

Investment mgmt$9K100.0%

% of EOY assets

0.220%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DWYER, PEMBERTON & COULSON, P.C.
Auditor EIN: 911503183
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,431

$87,733-55.1%

$106,555-63.0%

$85,847-54.1%

Participation rate

79.7%

71.9%+7.8pp

76.1%+3.6pp

69.3%+10.4pp

Annual return

14.72%

21.86%-7.1pp

26.80%-12.1pp

318.61%-303.9pp

Employer contribution / active EE

$2,491

$2,073+20.2%

$2,819-11.6%

$2,565-2.9%

Participant deferral / active EE

$2,923

$3,469-15.7%

$4,399-33.5%

$3,952-26.0%

Admin fee / account holder

$87

$6,767-98.7%

$7,408-98.8%

$6,261-98.6%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Service code 27

Advisory (Plan)

$14,837

TOOL GAUGE & MACHINE WORKS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOOL GAUGE & MACHINE WORKS, INC. 401(K) 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