Retirement plan

TOYO TANSO USA, INC. SAVINGS AND PROFIT SHARING PLAN

Name: TOYO TANSO USA, INC. - TOYO TANSO USA, INC. SAVINGS AND PROFIT SHARING PLAN (2016) Form 5500
Creator: TOYO TANSO USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOYO TANSO USA, INC. SAVINGS AND PROFIT SHARING PLAN, TOYO TANSO USA, INC.

TOYO TANSO USA, INC.EIN 93-1074455Plan #001PY 2016

PO BOX 280 - TROUTDALE, OR 97060503-661-7700ttu.comLinkedIn51-200 employeesoil & energy

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.9M

+3.8% from 2015

Total participants

169

-11.5% from 2015

Average account balance

$55,599

+12.9% from 2015

Annual return

8.04%

+9.34 pp from 2015

Benchmarks

See 1,949 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,949 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.23M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

184

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$699K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2+ years Filed as: KMS FINANCIAL SERVICES, INC. Service code 26 · EIN 91-0850651 2001 SIXTH AVENUE, SUITE 2801 · SEATTLE, WA 98121	Advisory (Participants)	$34,398
NORTHWEST PLAN SERVICES, INC.2+ years Service code 13 · EIN 91-2090931 5446 CALIFORNIA AVENUE SW · SEATTLE, WA 98136	Contract Administrator	$23,254
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$5,266

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$63K

$542 / participant

Investment mgmt$34K54.7%
Contract admin$23K37.0%
Other / not subdivided$5K8.4%

% of EOY assets

0.707%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PERKINS & COMPANY, P.C.
Auditor EIN: 930928924
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,599

$56,629-1.8%

$77,999-28.7%

$55,167+0.8%

Participation rate

92.2%

73.3%+18.9pp

75.5%+16.7pp

69.0%+23.3pp

Annual return

8.04%

2866.98%-2858.9pp

425.96%-417.9pp

169.23%-161.2pp

Employer contribution / active EE

$2,035

$1,723+18.1%

$2,470-17.6%

$1,963+3.7%

Participant deferral / active EE

$4,164

$2,777+49.9%

$3,497+19.1%

$3,054+36.3%

Admin fee / account holder

$393

$467-15.7%

$5,480-92.8%

$504-22.0%

Provider

Service type

Compensation

LPL FINANCIAL2+ years

Filed as: KMS FINANCIAL SERVICES, INC.

Service code 26 · EIN 91-0850651

2001 SIXTH AVENUE, SUITE 2801 · SEATTLE, WA 98121

Advisory (Participants)

$34,398

NORTHWEST PLAN SERVICES, INC.2+ years

Service code 13 · EIN 91-2090931

5446 CALIFORNIA AVENUE SW · SEATTLE, WA 98136

Contract Administrator

$23,254

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$5,266

TOYO TANSO USA, INC. SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOYO TANSO USA, INC. SAVINGS AND 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