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Department of Labor filing

TRAINING AND RESEARCH FOUNDATION

TRAINING AND RESEARCH FOUNDATION 401(K) PROFIT SHARING PLAN (RESTATED MONEY PURCHASE PENSION PLAN) · For the plan year ended Dec 31, 2023

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Public filing 2023 · received Aug 1, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

35filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support
$383

Reported employer contributions per active participant.

Higher than about 11% of comparable plans
#People in the filing
39

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$3 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 92% of comparable plans
↗Investment performance
Not available

Plan assets changed 3.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202335out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions11th percentileTypical peer $2,431 · based on 95 comparable plans
Lower reported administrative expense92nd percentileTypical peer $93 · based on 97 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, TRAINING AND RESEARCH FOUNDATION reported $14,951 in employer contributions across the plan and 39 active participants. That works out to $383 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy40%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 20.8%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 46.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context35/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$14,951
Participant contributions
$1,902
Other contributions
$0
Employer share of reported contributions
88.7%
Beginning assets
$2,468,823
Ending assets
$2,557,358
Ending net assets
$2,557,358
Ending liabilities
$0
Total income
$388,101
Total expenses
$299,566
Administrative expenses
$454
Participant loans
$0

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$317
2023
$383
Plan-paid administrative expenses per participant
2022
$6
2023
$3
Active participants
2022
34
2023
39
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2023$383392.6M20240731235109NAL0023266753001
2022$317342.5M20231016215736NAL0025996899001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
0.0%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Yes
Public plan identifier
952958220-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Jan 1, 1977
Industry
Educational services
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2G3D2J2K2T2A2E2F

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
AMERICAN CENTURY INVESTMENTS2023Not reportedunknown
AMERICAN FUNDS2023Not reportedunknown
CALVERT RESEARCH AND MANAGEMENT2023Not reportedunknown
DELAWARE FUNDS BY MACQUARIE2023Not reportedunknown
DWS2023Not reportedunknown
FIDELITY INVESTMENTS2023Not reportedunknown
GOLDMAN SACHS2023Not reportedunknown
INVESCO2023Not reportedunknown
MFS2023Not reportedunknown
MUTUAL OF AMERICA2023Not reportedunknown
NEUBERGER BERMAN2023Not reportedunknown
PIMCO2023Not reportedunknown
T. ROWE PRICE2023Not reportedunknown
VANGUARD2023Not reportedunknown
VICTORY CAPITAL MANAGEMENT INC.2023Not reportedunknown

Current plan terms

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Filing ACK_ID20240731235109NAL0023266753001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗