Retirement plan

TTM TECHNOLOGIES 401(K) RETIREMENT SAVINGS PLAN

Name: TTM TECHNOLOGIES, INC. - TTM TECHNOLOGIES 401(K) RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: TTM TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TTM TECHNOLOGIES 401(K) RETIREMENT SAVINGS PLAN, TTM TECHNOLOGIES, INC.

TTM TECHNOLOGIES, INC.EIN 91-1033443Plan #001PY 2023

10720 BRADFORD ROAD - LITTLETON, CO 80127303-324-8447

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$572.2M

-4.3% from 2016

Total participants

7,701

-4.3% from 2016

Average account balance

$92,300

+0.4% from 2016

Annual return

19.25%

-7.55 pp from 2016

Benchmarks

See 138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort138 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$624.58M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

5,908

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.

70.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.59M

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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 3 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC9+ years Service code 27 1920 MAIN STREET · IRVINE, CA 92614	Advisory (Plan)	$319,534
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$87,241
PENSION ASSURANCE LLP3 years Service code 10 5126 CLARETON DRIVE, SUITE 110 · AGOURA HILLS, CA 91301	Accounting	$19,200

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$339K

$61 / participant

Investment mgmt$320K94.3%
Other / not subdivided$19K5.7%

% of EOY assets

0.059%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: $19,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,300

$118,464-22.1%

$96,564-4.4%

$103,657-11.0%

Participation rate

72.8%

89.0%-16.2pp

76.0%-3.2pp

73.4%-0.6pp

Annual return

19.25%

18.79%+0.5pp

25.89%-6.6pp

33.13%-13.9pp

Employer contribution / active EE

$2,550

$4,210-39.4%

$2,967-14.1%

$3,216-20.7%

Participant deferral / active EE

$5,544

$7,277-23.8%

$4,852+14.3%

$5,218+6.3%

Admin fee / account holder

$55

$81-32.6%

$8,256-99.3%

$114-52.1%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC9+ years

Service code 27

1920 MAIN STREET · IRVINE, CA 92614

Advisory (Plan)

$319,534

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$87,241

PENSION ASSURANCE LLP3 years

Service code 10

5126 CLARETON DRIVE, SUITE 110 · AGOURA HILLS, CA 91301

Accounting

$19,200

TTM TECHNOLOGIES 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TTM TECHNOLOGIES 401(K) RETIREMENT SAVINGS 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