Retirement plan

INNOVATIVE ENGINEERING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: INNOVATIVE ENGINEERING SYSTEMS, - INNOVATIVE ENGINEERING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: INNOVATIVE ENGINEERING SYSTEMS,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INNOVATIVE ENGINEERING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, INNOVATIVE ENGINEERING SYSTEMS,

INNOVATIVE ENGINEERING SYSTEMS,EIN 03-0433805Plan #001PY 2017

8800 CRIPPEN - BAKERSFIELD, CA 93311661-381-7868agilitechgroup.comLinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$5.5M

+17.9% from 2016

Total participants

-14.4% from 2016

Average account balance

$74,770

+29.2% from 2016

Annual return

17.52%

+7.79 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.36M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

106

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.

66.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$690K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Service code 52 · EIN 13-5674085	Indirect Investment Fees	$25,087
DANIELLS PHILLIPS VAUGHAN & BOCK1 year Filed as: DANIELLS PHILLIPS VAUGHAN & BOCK CP Service code 15 · EIN 95-2972229	Recordkeeping	$9,000
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$865
ADP BROKER-DEALER3+ years Service code 49 · EIN 22-3319984	Other Services	$0

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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$170 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.181%

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: PENSION ASSURANCE
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,770

$85,766-12.8%

$136,298-45.1%

$70,126+6.6%

Participation rate

72.4%

74.2%-1.7pp

81.9%-9.5pp

69.5%+2.9pp

Annual return

17.52%

31.46%-13.9pp

5156.27%-5138.8pp

73.15%-55.6pp

Employer contribution / active EE

$2,966-100.0%

$4,696-100.0%

$2,343-100.0%

Participant deferral / active EE

$4,391

$5,051-13.1%

$6,247-29.7%

$3,332+31.8%

Admin fee / account holder

$135

$5,421-97.5%

$9,244-98.5%

$4,645-97.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Service code 52 · EIN 13-5674085

Indirect Investment Fees

$25,087

DANIELLS PHILLIPS VAUGHAN & BOCK1 year

Filed as: DANIELLS PHILLIPS VAUGHAN & BOCK CP

Service code 15 · EIN 95-2972229

Recordkeeping

$9,000

ADP BROKER-DEALER3+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$865

ADP BROKER-DEALER3+ years

Service code 49 · EIN 22-3319984

Other Services

INNOVATIVE ENGINEERING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INNOVATIVE ENGINEERING SYSTEMS, 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