Retirement plan

TRAINING AND RESEARCH FOUNDATION 401(K) PROFIT SHARING PLAN (RESTATED MONEY PURCHASE PENSION PLAN)

Name: TRAINING AND RESEARCH FOUNDATION - TRAINING AND RESEARCH FOUNDATION 401(K) PROFIT SHARING PLAN (RESTATED MONEY PURCHASE PENSION PLAN) (2020) Form 5500
Creator: TRAINING AND RESEARCH FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRAINING AND RESEARCH FOUNDATION 401(K) PROFIT SHARING PLAN (RESTATED MONEY PURCHASE PENSION PLAN), TRAINING AND RESEARCH FOUNDATION

TRAINING AND RESEARCH FOUNDATIONEIN 95-2958220Plan #001PY 2020

1442 E. LINCOLN AVE., STE 371 - ORANGE, CA 92865310-412-4195

Prospect flagsHigh feesLow participant contributionWind-down / frozen

How to read this page

Total assets (EOY)

$3.6M

-15.5% from 2019

Total participants

149

-9.1% from 2019

Average account balance

$24,004

-7.0% from 2019

Annual return

5.98%

-8.34 pp from 2019

Benchmarks

See 6,194 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.74M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

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.

150.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$693

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1871

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ASSETMARK RETIREMENT SERVICES, INC.2 years Filed as: ASSETMARK RETIREMENT SERVICES Service code 15 1960 OLD GATESBURG RD. · STATE COLLEGE, PA 16803	Recordkeeping	$50,703

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$51K

$3622 / participant

Other / not subdivided$51K100.0%

% of EOY assets

1.418%

all-in expense ratio

Categories reported

0 / 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: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,004

$81,696-70.6%

$70,494-65.9%

$158,982-84.9%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

5.98%

208.70%-202.7pp

109.16%-103.2pp

302.99%-297.0pp

Employer contribution / active EE

$596

$3,220-81.5%

$2,738-78.2%

$4,763-87.5%

Participant deferral / active EE

$44

$4,558-99.0%

$3,711-98.8%

$5,983-99.3%

Admin fee / account holder

$340

$6,200-94.5%

$3,848-91.2%

$11,252-97.0%

Provider

Service type

Compensation

ASSETMARK RETIREMENT SERVICES, INC.2 years

Filed as: ASSETMARK RETIREMENT SERVICES

Service code 15

1960 OLD GATESBURG RD. · STATE COLLEGE, PA 16803

Recordkeeping

$50,703

TRAINING AND RESEARCH FOUNDATION 401(K) PROFIT SHARING PLAN (RESTATED MONEY PURCHASE PENSION PLAN)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRAINING AND RESEARCH FOUNDATION 401(K) PROFIT SHARING PLAN (RESTATED MONEY PURCHASE PENSION 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