Retirement plan

TRI-PHASE, INC. 401(K) PROFIT SHARING PLAN

Name: TRI-PHASE, INC. - TRI-PHASE, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: TRI-PHASE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-PHASE, INC. 401(K) PROFIT SHARING PLAN, TRI-PHASE, INC.

TRI-PHASE, INC.dba VALLEY SERVICES ELECTRONICSEIN 94-2508138Plan #001PY 2015

6190 SAN IGNACIO AVENUE - SAN JOSE, CA 95119408-284-7700

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$13.2M

No prior year

Total participants

145

No prior year

Average account balance

$91,567

No prior year

Annual return

-0.09%

No prior year

Benchmarks

See 13,686 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort13,686 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.45M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

277

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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 3 by compensation

Provider	Service type	Compensation
DIGITAL RETIREMENT SOLUTIONS, INC.1+ years Service code 12 · EIN 84-1477138	Direct payment from the plan; Recordk...	$1,065
NEWPORT GROUP, INC.1+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048	Investment management; Float revenue;...	$260
MORGAN STANLEY SMITH BARNEY1+ years Service code 17 333 WEST SAN CARLOS STREET · SAN JOSE, CA 95110	Pension Consulting	$14

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1K

$14 / participant

Contract admin$1K80.2%
Other / not subdivided$26319.8%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RINA ACOUNTANCY
Auditor EIN: 943158857
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,567

$56,200+62.9%

$67,653+35.3%

$59,633+53.5%

Participation rate

98.9%

71.5%+27.5pp

75.7%+23.3pp

68.7%+30.3pp

Annual return

-0.09%

18506.71%-18506.8pp

6625.22%-6625.3pp

2041.40%-2041.5pp

Employer contribution / active EE

$7,817

$1,615+384.1%

$2,266+245.0%

$2,203+254.9%

Participant deferral / active EE

$5,264

$2,843+85.1%

$3,560+47.9%

$3,192+64.9%

Admin fee / account holder

$3,959-99.8%

$4,821-99.8%

$4,297-99.8%

Provider

Service type

Compensation

DIGITAL RETIREMENT SOLUTIONS, INC.1+ years

Service code 12 · EIN 84-1477138

Direct payment from the plan; Recordk...

$1,065

NEWPORT GROUP, INC.1+ years

Filed as: MATRIX FINANCIAL SOLUTIONS, INC.

Service code 18 · EIN 20-1591048

Investment management; Float revenue;...

$260

MORGAN STANLEY SMITH BARNEY1+ years

Service code 17

333 WEST SAN CARLOS STREET · SAN JOSE, CA 95110

Pension Consulting

$14

TRI-PHASE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-PHASE, 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