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 (2024) 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 2024

1300 SW 5TH AVENUE, SUITE 2400 - PORTLAND, OR 97201503-221-1440

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$142.7M

+12.3% from 2023

Total participants

238

+0.4% from 2023

Average account balance

$604,794

+10.4% from 2023

Annual return

13.31%

-3.37 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$154.30M

Not enough data

1 years with asset history on file

Average account balance

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

$646K

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.

239

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1610

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 9 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.8 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$80,104
FERGUSON WELLMAN CAPITAL MANAGEMENT10+ years Service code 27 · EIN 93-0646988	Advisory (Plan)	$78,610
GOLDMAN SACHS5 years Filed as: VISTA CAPITAL PARTNERS Service code 27 · EIN 93-1307808	Advisory (Plan)	$76,885
AUXIER ASSET MANAGEMENT LLC10+ years Service code 27 · EIN 93-1248453	Advisory (Plan)	$36,310
CAIRN INVESTMENT GROUP INC4 years Service code 27 · EIN 20-8789267	Advisory (Plan)	$23,573
VISION CAPITAL MANAGEMENT INC.10+ years Service code 27 · EIN 93-1270204	Advisory (Plan)	$22,504
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY CAPITAL MANAGE Service code 28 · EIN 11-3658445	Investment Management	$17,500
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET ASSET MANAGEMENT INC Service code 27 · EIN 36-4319587	Advisory (Plan)	$15,635
BECKER CAPITAL MANAGEMENT4 years Filed as: BECKER CAPITAL MANAGEMENT INC Service code 27 · EIN 93-0663104	Advisory (Plan)	$8,736

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

$364K

$2045 / participant

Recordkeeping$80K22.0%
Investment mgmt$283K77.7%
Other / not subdivided$1K0.3%

% of EOY assets

0.255%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$604,794

$101,317+496.9%

$146,958+311.5%

$74,495+711.9%

Participation rate

98.9%

75.5%+23.3pp

82.2%+16.7pp

67.2%+31.7pp

Annual return

13.31%

8730.91%-8717.6pp

418.34%-405.0pp

1364.94%-1351.6pp

Employer contribution / active EE

$13,550

$3,810+255.6%

$4,933+174.7%

$2,623+416.6%

Participant deferral / active EE

$14,230

$7,303+94.8%

$8,070+76.3%

$4,346+227.4%

Admin fee / account holder

$1,543

$1,739-11.3%

$12,998-88.1%

$1,942-20.6%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.8 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$80,104

FERGUSON WELLMAN CAPITAL MANAGEMENT10+ years

Service code 27 · EIN 93-0646988

Advisory (Plan)

$78,610

GOLDMAN SACHS5 years

Filed as: VISTA CAPITAL PARTNERS

Service code 27 · EIN 93-1307808

Advisory (Plan)

$76,885

AUXIER ASSET MANAGEMENT LLC10+ years

Service code 27 · EIN 93-1248453

Advisory (Plan)

$36,310

CAIRN INVESTMENT GROUP INC4 years

Service code 27 · EIN 20-8789267

Advisory (Plan)

$23,573

VISION CAPITAL MANAGEMENT INC.10+ years

Service code 27 · EIN 93-1270204

Advisory (Plan)

$22,504

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY CAPITAL MANAGE

Service code 28 · EIN 11-3658445

Investment Management

$17,500

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET ASSET MANAGEMENT INC

Service code 27 · EIN 36-4319587

Advisory (Plan)

$15,635

BECKER CAPITAL MANAGEMENT4 years

Filed as: BECKER CAPITAL MANAGEMENT INC

Service code 27 · EIN 93-0663104

Advisory (Plan)

$8,736

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