Retirement plan

THORNE RESEARCH, INC. 401(K) PROFIT SHARING PLAN

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

THORNE RESEARCH, INC.EIN 91-1248086Plan #001PY 2021

P.O.BOX 2980, 620 OMNI INDUSTRIAL BLVD. - SUMMERVILLE, SC 29484800-228-1966

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$13M

+37.3% from 2020

Total participants

530

+17.3% from 2020

Average account balance

$37,798

+20.6% from 2020

Annual return

22.66%

-3.51 pp from 2020

Benchmarks

See 703 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort703 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.30M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

549

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$304

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
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$20,965
LEGACY RETIREMENT SOLUTIONS, LLC3 years Filed as: LEGACY RETIREMENT SOLUTIONS LLC Service code 13 · EIN 27-3853858	Contract Administrator	$7,600
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORP Service code 49 · EIN 95-2834236	Other Services	$2,687
WILSHIRE ASSOCIATES INCORPORATED7+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$29K

$60 / participant

Contract admin$29K100.0%

% of EOY assets

0.220%

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: HAYDEN ROSS, PLLC
Auditor EIN: 460531452
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,798

$66,528-43.2%

$86,615-56.4%

$86,821-56.5%

Participation rate

61.1%

72.4%-11.3pp

71.6%-10.6pp

72.3%-11.2pp

Annual return

22.66%

19.56%+3.1pp

63.51%-40.9pp

97.94%-75.3pp

Employer contribution / active EE

$1,838

$2,007-8.4%

$2,496-26.4%

$2,406-23.6%

Participant deferral / active EE

$3,636

$3,240+12.2%

$3,699-1.7%

$4,132-12.0%

Admin fee / account holder

$83

$148-43.9%

$5,830-98.6%

$170-51.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$20,965

LEGACY RETIREMENT SOLUTIONS, LLC3 years

Filed as: LEGACY RETIREMENT SOLUTIONS LLC

Service code 13 · EIN 27-3853858

Contract Administrator

$7,600

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORP

Service code 49 · EIN 95-2834236

Other Services

$2,687

WILSHIRE ASSOCIATES INCORPORATED7+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

THORNE RESEARCH, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THORNE RESEARCH, 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