Retirement plan

TETRA TECH, INC. AND SUBSIDIARIES RETIREMENT PLAN

Name: TETRA TECH, INC. - TETRA TECH, INC. AND SUBSIDIARIES RETIREMENT PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$172K assets

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$1300.3M

-13.0% from 2017

Total participants

12,321

+1.3% from 2017

Average account balance

$138,023

-13.6% from 2017

Annual return

13.08%

-3.00 pp from 2017

Benchmarks

See 86 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort86 peers

Snapshot2020

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 9 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5+ years Service code 27 · EIN 94-1347393	Advisory (Plan)	$456,979
FINANCIAL ENGINES1 year Filed as: FINANCIAL ENGINES ADVISORS, LLC Service code 27 · EIN 94-3250323	Advisory (Plan)	$246,690
TETRA TECH, INC.5+ years Service code 50 · EIN 95-4148514	Direct Payment	$60,038
KORN FERRY HAY GROUP5+ years Filed as: PERRY HAY LLP Service code 10 · EIN 95-3535236	Accounting	$54,591
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK N.A. Service code 15	Recordkeeping	$53,114
AMERICAN FUNDS5+ years Filed as: CAPITAL RESEARCH & CONSULTING Service code 50 · EIN 95-4660745	Direct Payment	$50,000
FINLEY & COOK3 years Filed as: FINLEY Service code 10 · EIN 34-1213174	Accounting	$31,411
CANDLEWOOD CONSULTANTS1 year Filed as: CANDLEWOOD CONSULTANTS LLC Service code 17 · EIN 85-0516059	Pension Consulting	$27,075
MUSICK, PEELER & GARRETT5+ years Service code 50 · EIN 95-1777575	Direct Payment	$19,536

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$945K

$107 / participant

Other / not subdivided$945K100.0%

% of EOY assets

0.073%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,023

$108,759+26.9%

$149,751-7.8%

$93,223+48.1%

Participation rate

67.2%

70.7%-3.5pp

82.5%-15.3pp

74.9%-7.7pp

Annual return

13.08%

19.53%-6.5pp

276.71%-263.6pp

19.29%-6.2pp

Employer contribution / active EE

$3,672

$2,777+32.2%

$4,646-21.0%

$2,680+37.0%

Participant deferral / active EE

$5,515

$6,149-10.3%

$6,843-19.4%

$4,563+20.9%

Admin fee / account holder

$100

$81+24.2%

$9,312-98.9%

$79+26.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5+ years

Service code 27 · EIN 94-1347393

Advisory (Plan)

$456,979

FINANCIAL ENGINES1 year

Filed as: FINANCIAL ENGINES ADVISORS, LLC

Service code 27 · EIN 94-3250323

Advisory (Plan)

$246,690

TETRA TECH, INC.5+ years

Service code 50 · EIN 95-4148514

Direct Payment

$60,038

KORN FERRY HAY GROUP5+ years

Filed as: PERRY HAY LLP

Service code 10 · EIN 95-3535236

Accounting

$54,591

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO BANK N.A.

Service code 15

Recordkeeping

$53,114

AMERICAN FUNDS5+ years

Filed as: CAPITAL RESEARCH & CONSULTING

Service code 50 · EIN 95-4660745

Direct Payment

$50,000

FINLEY & COOK3 years

Filed as: FINLEY

Service code 10 · EIN 34-1213174

Accounting

$31,411

CANDLEWOOD CONSULTANTS1 year

Filed as: CANDLEWOOD CONSULTANTS LLC

Service code 17 · EIN 85-0516059

Pension Consulting

$27,075

MUSICK, PEELER & GARRETT5+ years

Service code 50 · EIN 95-1777575

Direct Payment

$19,536

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