Retirement plan

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

Name: THURSTON COUNTY TITLE COMPANY - T.C.T. 401(K) PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.5M

+15.8% from 2019

Total participants

319

+2.9% from 2019

Average account balance

$40,151

+13.6% from 2019

Annual return

13.03%

-5.70 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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
KILEY JUERGENS WEALTH MANAGEMENT6+ years Service code 27 2413 PACIFIC AVE SE, STE C · OLYMPIA, WA 98501	Advisory (Plan)	$30,469
PANAGIOTU PENSION ADVISORS, INC.6+ years Service code 13 7350 CIRQUE DR W, STE 201 · UNIVERSITY PLACE, WA 98467	Contract Administrator	$20,478
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 · IRVINE, CA 92618	Recordkeeping Fees	$19,510
MOSS ADAMS LLP3 years Service code 10 P.O. BOX 748369 · LOS ANGELES, CA 900748369	Accounting	$17,938
STATE STREET GLOBAL ADVISORS2 years Filed as: STATE FARM FIRE & CASULTY Service code 99 P.O. BOX · DALLAS, TX 75368	Other Fees	$162

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$86K

$336 / participant

Investment mgmt$50K58.3%
Contract admin$20K23.9%
Other / not subdivided$15K17.8%

% of EOY assets

0.814%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,151

$56,152-28.5%

$185,835-78.4%

$73,412-45.3%

Participation rate

77.6%

67.6%+10.1pp

78.0%-0.4pp

72.2%+5.5pp

Annual return

13.03%

17.59%-4.6pp

35.96%-22.9pp

59.30%-46.3pp

Employer contribution / active EE

$615

$1,532-59.9%

$4,087-85.0%

$2,234-72.5%

Participant deferral / active EE

$2,484

$3,659-32.1%

$5,633-55.9%

$3,806-34.7%

Admin fee / account holder

$327

$132+147.6%

$9,502-96.6%

$158+107.1%

Provider

Service type

Compensation

KILEY JUERGENS WEALTH MANAGEMENT6+ years

Service code 27

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

Advisory (Plan)

$30,469

PANAGIOTU PENSION ADVISORS, INC.6+ years

Service code 13

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

Contract Administrator

$20,478

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 · IRVINE, CA 92618

Recordkeeping Fees

$19,510

MOSS ADAMS LLP3 years

Service code 10

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

Accounting

$17,938

STATE STREET GLOBAL ADVISORS2 years

Filed as: STATE FARM FIRE & CASULTY

Service code 99

P.O. BOX · DALLAS, TX 75368

Other Fees

$162

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