Retirement plan

TONKON TORP LLP PROFIT SHARING AND 401(K) PLAN

Name: TONKON TORP LLP PROFIT SHARING AND 401(K) PLAN - TONKON TORP LLP PROFIT SHARING AND 401(K) PLAN (2023) Form 5500
Creator: TONKON TORP LLP PROFIT SHARING AND 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TONKON TORP LLP PROFIT SHARING AND 401(K) PLAN, TONKON TORP LLP PROFIT SHARING AND 401(K) PLAN

TONKON TORP LLP PROFIT SHARING AND 401(K) PLANEIN 93-0633194Plan #004PY 2023

888 SW FIFTH AVENUE, SUITE 1600 - PORTLAND, OR 972042030503-221-1440

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$127.1M

+16.6% from 2022

Total participants

237

+1.3% from 2022

Average account balance

$548,054

+15.1% from 2022

Annual return

16.68%

+30.86 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$142.73M

Not enough data

1 years with asset history on file

Average account balance

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

$605K

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.

236

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+13.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1543

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 9 by compensation

Provider	Service type	Compensation
GOLDMAN SACHS4 years Filed as: VISTA CAPITAL PARTNERS Service code 27 · EIN 93-1307808	Advisory (Plan)	$69,760
CHARLES SCHWAB & CO., INC.7 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$68,225
FERGUSON WELLMAN CAPITAL MANAGEMENT9+ years Service code 27 · EIN 93-0646988	Advisory (Plan)	$56,492
AUXIER ASSET MANAGEMENT LLC9+ years Service code 27 · EIN 93-1248453	Advisory (Plan)	$31,843
CAIRN INVESTMENT GROUP INC3 years Service code 27 · EIN 20-8789267	Advisory (Plan)	$20,868
VISION CAPITAL MANAGEMENT INC.9+ years Service code 27 · EIN 93-1270204	Advisory (Plan)	$20,079
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY CAPITAL MANAGE Service code 28 · EIN 11-3658445	Investment Management	$17,500
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET ASSET MANAGEMENT INC Service code 27 · EIN 36-4319587	Advisory (Plan)	$10,138
BECKER CAPITAL MANAGEMENT3 years Filed as: BECKER CAPITAL MANAGEMENT INC Service code 27 · EIN 93-0663104	Advisory (Plan)	$7,571

Plan features & details

Pension benefit codes2A2E2G2J2R2S2T3B3D3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$339K

$1822 / participant

Recordkeeping$68K20.1%
Investment mgmt$239K70.6%
Other / not subdivided$31K9.3%

% of EOY assets

0.266%

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: GEFFEN MESHER & CO., P.C.
Auditor EIN: 931042710
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$548,054

$91,439+499.4%

$135,974+303.1%

$71,511+666.4%

Participation rate

97.3%

75.7%+21.7pp

81.9%+15.4pp

67.9%+29.4pp

Annual return

16.68%

29.90%-13.2pp

68.30%-51.6pp

28.86%-12.2pp

Employer contribution / active EE

$12,857

$3,705+247.1%

$4,859+164.6%

$2,589+396.6%

Participant deferral / active EE

$13,122

$7,093+85.0%

$7,760+69.1%

$4,291+205.8%

Admin fee / account holder

$1,460

$1,267+15.3%

$10,767-86.4%

$1,588-8.1%

Provider

Service type

Compensation

GOLDMAN SACHS4 years

Filed as: VISTA CAPITAL PARTNERS

Service code 27 · EIN 93-1307808

Advisory (Plan)

$69,760

CHARLES SCHWAB & CO., INC.7 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$68,225

FERGUSON WELLMAN CAPITAL MANAGEMENT9+ years

Service code 27 · EIN 93-0646988

Advisory (Plan)

$56,492

AUXIER ASSET MANAGEMENT LLC9+ years

Service code 27 · EIN 93-1248453

Advisory (Plan)

$31,843

CAIRN INVESTMENT GROUP INC3 years

Service code 27 · EIN 20-8789267

Advisory (Plan)

$20,868

VISION CAPITAL MANAGEMENT INC.9+ years

Service code 27 · EIN 93-1270204

Advisory (Plan)

$20,079

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY CAPITAL MANAGE

Service code 28 · EIN 11-3658445

Investment Management

$17,500

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET ASSET MANAGEMENT INC

Service code 27 · EIN 36-4319587

Advisory (Plan)

$10,138

BECKER CAPITAL MANAGEMENT3 years

Filed as: BECKER CAPITAL MANAGEMENT INC

Service code 27 · EIN 93-0663104

Advisory (Plan)

$7,571

TONKON TORP LLP PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TONKON TORP LLP PROFIT SHARING AND 401(K) 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