Retirement plan

IG DESIGN GROUP AMERICAS, INC. 401K PLAN

Name: IG DESIGN GROUP AMERICA, INC. - IG DESIGN GROUP AMERICAS, INC. 401K PLAN (2021) Form 5500
Creator: IG DESIGN GROUP AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IG DESIGN GROUP AMERICAS, INC. 401K PLAN, IG DESIGN GROUP AMERICA, INC.

IG DESIGN GROUP AMERICA, INC.EIN 04-2953448Plan #001PY 2021

5555 GLENRIDGE CONNECTOR SUITE 300 - ATLANTA, GA 30342912-884-9727

Other plans on this EIN

1 filing

#005Retirement-$168.2M assets

Prospect flagsRecently cancelled planLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

-100.0% from 2020

Total participants

-100.0% from 2020

Average account balance

-100.0% from 2020

Annual return

-99.07%

-115.90 pp from 2020

Benchmarks

See 8,357 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,357 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$299K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 62 · EIN 04-1590850	Recordkeeping fees; Float revenue	$39,735
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$0
STANLEY BENEFIT SERVICES, INC.7+ years Filed as: STANLEY R DOMINEY Service code 53 200 W FORSYTH ST STE 600 · JACKSONVILLE, FL 32202	Insurance Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$40K

Investment mgmt$35K88.4%
Contract admin$4K9.1%
Other / not subdivided$1K2.5%

% of EOY assets

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HANCOCK ASKEW & CO., LLP
Auditor EIN: 580662558
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,777-100.0%

$106,548-100.0%

$167,490-100.0%

Participation rate

0.0%

78.3%-78.3pp

76.1%-76.1pp

82.1%-82.1pp

Annual return

-99.07%

33.87%-132.9pp

26.80%-125.9pp

478.56%-577.6pp

Employer contribution / active EE

$3,427-100.0%

$2,819-100.0%

$4,837-100.0%

Participant deferral / active EE

$5,087-100.0%

$4,398-100.0%

$6,341-100.0%

Admin fee / account holder

$11,228-100.0%

$7,407-100.0%

$12,309-100.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 62 · EIN 04-1590850

Recordkeeping fees; Float revenue

$39,735

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

STANLEY BENEFIT SERVICES, INC.7+ years

Filed as: STANLEY R DOMINEY

Service code 53

200 W FORSYTH ST STE 600 · JACKSONVILLE, FL 32202

Insurance Commissions

IG DESIGN GROUP AMERICAS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IG DESIGN GROUP AMERICAS, INC. 401K 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