Retirement plan

TETRA TECH, INC. AND SUBSIDIARIES RETIREMENT PLAN

Name: TETRA TECH, INC. - TETRA TECH, INC. AND SUBSIDIARIES RETIREMENT PLAN (2024) Form 5500
Creator: TETRA TECH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TETRA TECH, INC. AND SUBSIDIARIES RETIREMENT PLAN, TETRA TECH, INC.

TETRA TECH, INC.EIN 95-4148514Plan #001PY 2024

3475 EAST FOOTHILL BLVD - PASADENA, CA 91107626-470-2489tetratech.comLinkedIn10001+ employeescivil engineering

Other plans on this EIN

1 filing

#002Retirement-$1.1M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$1980.5M

-13.0% from 2017

Total participants

15,895

+1.3% from 2017

Average account balance

$181,016

-13.6% from 2017

Annual return

32.60%

-3.00 pp from 2017

Benchmarks

See 97 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort97 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.98B

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

10,941

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.

59.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+32.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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 6 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES3 years Filed as: EDELMAN FINANCIAL ENGINES, LLC Service code 26 · EIN 94-3250323	Advisory (Participants)	$648,431
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$536,224
CANDLEWOOD CONSULTANTS2 years Service code 13 · EIN 85-0516059	Contract Administrator	$81,285
AMERICAN FUNDS4 years Filed as: CAPITAL RESEARCH Service code 27 · EIN 95-4660745	Advisory (Plan)	$50,000
USI CONSULTING GROUP3 years Service code 13 · EIN 06-1053228	Contract Administrator	$36,000
MOSS ADAMS LLP3 years Filed as: MOSS ADAMS Service code 10 · EIN 91-0189318	Accounting	$15,000

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$94 / participant

Investment mgmt$757K65.5%
Legal$2K0.1%
Contract admin$395K34.2%
Other / not subdivided$2K0.1%

% of EOY assets

0.058%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$181,016

$128,169+41.2%

$147,117+23.0%

$106,553+69.9%

Participation rate

59.7%

67.3%-7.6pp

82.2%-22.4pp

69.8%-10.1pp

Annual return

32.60%

17.88%+14.7pp

420.54%-387.9pp

17.37%+15.2pp

Employer contribution / active EE

$2,652

$3,374-21.4%

$4,932-46.2%

$3,359-21.0%

Participant deferral / active EE

$6,020

$7,665-21.5%

$8,065-25.3%

$5,562+8.2%

Admin fee / account holder

$106

$88+19.9%

$12,993-99.2%

$80+32.6%

Provider

Service type

Compensation

FINANCIAL ENGINES3 years

Filed as: EDELMAN FINANCIAL ENGINES, LLC

Service code 26 · EIN 94-3250323

Advisory (Participants)

$648,431

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$536,224

CANDLEWOOD CONSULTANTS2 years

Service code 13 · EIN 85-0516059

Contract Administrator

$81,285

AMERICAN FUNDS4 years

Filed as: CAPITAL RESEARCH

Service code 27 · EIN 95-4660745

Advisory (Plan)

$50,000

USI CONSULTING GROUP3 years

Service code 13 · EIN 06-1053228

Contract Administrator

$36,000

MOSS ADAMS LLP3 years

Filed as: MOSS ADAMS

Service code 10 · EIN 91-0189318

Accounting

$15,000

TETRA TECH, INC. AND SUBSIDIARIES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TETRA TECH, INC. AND SUBSIDIARIES RETIREMENT 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