Retirement plan

T.C.T. 401(K) PROFIT SHARING PLAN

Name: THURSTON COUNTY TITLE COMPANY - T.C.T. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: THURSTON COUNTY TITLE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T.C.T. 401(K) PROFIT SHARING PLAN, THURSTON COUNTY TITLE COMPANY

THURSTON COUNTY TITLE COMPANYEIN 91-0867867Plan #333PY 2018

105 - 8TH AVE. SE - OLYMPIA, WA 98501360-943-7300thurstoncountytitle.comLinkedIn11-50 employeesreal estate

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

-17.0% from 2017

Total participants

280

-1.4% from 2017

Average account balance

$31,722

-16.0% from 2017

Annual return

-2.26%

-16.84 pp from 2017

Benchmarks

See 957 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort957 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.83M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

272

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$769K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$356

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 5 by compensation

Provider	Service type	Compensation
PANAGIOTU PENSION ADVISORS, INC.4+ years Service code 13 7350 CIRQUE DR W, STE 201 · UNIVERSITY PLACE, WA 98467	Contract Administrator	$29,536
KILEY JUERGENS WEALTH MANAGEMENT4+ years Service code 27 2413 PACIFIC AVE SE, STE C · OLYMPIA, WA 98501	Advisory (Plan)	$29,219
MOSS ADAMS LLP1 year Service code 10 P.O. BOX 748369 · LOS ANGELES, CA 900748369	Accounting	$16,191
AMERICAN FUNDS4+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$14,789
RSM US LLP2 years Filed as: MCGLADREY LLP Service code 10 · EIN 42-0714325 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$2,000

Plan features & details

Pension benefit codes2A2E2F2H2J2T3D3H2K

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$92K

$378 / participant

Investment mgmt$29K31.7%
Contract admin$30K32.0%
Other / not subdivided$33K36.3%

% of EOY assets

1.222%

all-in expense ratio

Categories reported

2 / 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: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,722

$48,576-34.7%

$169,452-81.3%

$56,287-43.6%

Participation rate

82.8%

65.8%+17.0pp

77.8%+5.0pp

69.9%+12.9pp

Annual return

-2.26%

-2.51%+0.3pp

1.83%-4.1pp

-9.96%+7.7pp

Employer contribution / active EE

$441

$1,559-71.7%

$4,157-89.4%

$2,111-79.1%

Participant deferral / active EE

$2,262

$3,275-30.9%

$5,277-57.1%

$3,350-32.5%

Admin fee / account holder

$388

$435-10.9%

$9,110-95.7%

$521-25.6%

Provider

Service type

Compensation

PANAGIOTU PENSION ADVISORS, INC.4+ years

Service code 13

7350 CIRQUE DR W, STE 201 · UNIVERSITY PLACE, WA 98467

Contract Administrator

$29,536

KILEY JUERGENS WEALTH MANAGEMENT4+ years

Service code 27

2413 PACIFIC AVE SE, STE C · OLYMPIA, WA 98501

Advisory (Plan)

$29,219

MOSS ADAMS LLP1 year

Service code 10

P.O. BOX 748369 · LOS ANGELES, CA 900748369

Accounting

$16,191

AMERICAN FUNDS4+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$14,789

RSM US LLP2 years

Filed as: MCGLADREY LLP

Service code 10 · EIN 42-0714325

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$2,000

T.C.T. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

T.C.T. 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