Retirement plan

E.M. THARP, INC. 401(K) PLAN

Name: E.M. THARP, INC. - E.M. THARP, INC. 401(K) PLAN (2023) Form 5500
Creator: E.M. THARP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, E.M. THARP, INC. 401(K) PLAN, E.M. THARP, INC.

E.M. THARP, INC.EIN 94-1218910Plan #002PY 2023

15243 ROAD 192 - PORTERVILLE, CA 93257559-782-5800

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.2M

+16.4% from 2022

Total participants

380

+0.8% from 2022

Average account balance

$27,798

+13.3% from 2022

Annual return

15.55%

+30.63 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.92M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

389

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

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

+16.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE7 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$100,912
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY Service code 19 9 RIVERPARK PLACE EAST · FRESNO, CA 93720	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2G2J3D3H

Plan features

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$124K

$445 / participant

Recordkeeping$74K59.4%
Investment mgmt$27K21.9%
Contract admin$9K7.5%
Other / not subdivided$14K11.2%

% of EOY assets

1.352%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JASON UNDERWOOD CPA, PLLC
Auditor EIN: 453976013
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,798

$53,165-47.7%

$86,216-67.8%

$74,460-62.7%

Participation rate

82.1%

64.9%+17.2pp

69.0%+13.1pp

70.7%+11.3pp

Annual return

15.55%

22.64%-7.1pp

1169.42%-1153.9pp

34.38%-18.8pp

Employer contribution / active EE

$2,196

$1,210+81.5%

$2,382-7.8%

$2,638-16.8%

Participant deferral / active EE

$3,390

$3,234+4.8%

$3,986-15.0%

$4,530-25.2%

Admin fee / account holder

$376

$551-31.8%

$6,853-94.5%

$348+8.1%

Provider

Service type

Compensation

NATIONWIDE7 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$100,912

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY

Service code 19

9 RIVERPARK PLACE EAST · FRESNO, CA 93720

Securities Custodian

E.M. THARP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

E.M. THARP, INC. 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