Retirement plan

TVS DISTRIBUTORS INC 401(K) PROFIT SHARING PLAN

Name: TVS DISTRIBUTORS INC. - TVS DISTRIBUTORS INC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TVS DISTRIBUTORS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TVS DISTRIBUTORS INC 401(K) PROFIT SHARING PLAN, TVS DISTRIBUTORS INC.

TVS DISTRIBUTORS INC.EIN 95-4887012Plan #001PY 2023

2822 EAST OLYMPIC BLVD - LOS ANGELES, CA 90023323-268-1347LinkedIn1-10 employeescomputer software

Other plans on this EIN

2 filings

#002Retirement-$512K assets #003Retirement-$79K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$518K

+22.7% from 2022

Total participants

+9.1% from 2022

Average account balance

$51,797

+22.7% from 2022

Annual return

11.31%

+28.05 pp from 2022

Benchmarks

See 23,814 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,814 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$360K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

-38.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14456

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$6K

$919 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.242%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,797

$154,193-66.4%

$130,045-60.2%

$139,466-62.9%

Participation rate

71.4%

82.0%-10.5pp

78.5%-7.1pp

80.3%-8.9pp

Annual return

11.31%

32.51%-21.2pp

-137.30%+148.6pp

373.66%-362.4pp

Employer contribution / active EE

$2,487

$5,292-53.0%

$4,321-42.4%

$4,754-47.7%

Participant deferral / active EE

$4,385

$6,709-34.6%

$5,820-24.6%

$6,712-34.7%

Admin fee / account holder

$644

$13,989-95.4%

$10,600-93.9%

$11,409-94.4%

TVS DISTRIBUTORS INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TVS DISTRIBUTORS 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