Retirement plan

INDUSTRIAL AIR FLOW DYNAMICS, INC. 401(K) RETIREMENT PLAN

Name: INDUSTRIAL AIR FLOW DYNAMICS, INC. - INDUSTRIAL AIR FLOW DYNAMICS, INC. 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: INDUSTRIAL AIR FLOW DYNAMICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL AIR FLOW DYNAMICS, INC. 401(K) RETIREMENT PLAN, INDUSTRIAL AIR FLOW DYNAMICS, INC.

INDUSTRIAL AIR FLOW DYNAMICS, INC.EIN 06-1620208Plan #001PY 2020

11200 FOSTORIA RD - CLEVELAND, TX 773287122860-659-8411iafdinc.comLinkedIn201-500 employeesrenewables & environment

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.5M

+18.2% from 2019

Total participants

143

+18.2% from 2019

Average account balance

$24,998

-3.6% from 2019

Annual return

14.26%

-8.42 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.37M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

238

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.

63.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$583K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$14,849
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS LLC Service code 49 · EIN 41-1416330	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).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$15K

$121 / participant

Contract admin$15K100.0%

% of EOY assets

0.421%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,998

$69,383-64.0%

$101,271-75.3%

$73,493-66.0%

Participation rate

98.4%

68.4%+30.0pp

75.8%+22.6pp

70.7%+27.7pp

Annual return

14.26%

18.46%-4.2pp

46.48%-32.2pp

28.51%-14.3pp

Employer contribution / active EE

$1,600

$2,628-39.1%

$3,660-56.3%

$2,270-29.5%

Participant deferral / active EE

$1,753

$3,301-46.9%

$4,371-59.9%

$3,740-53.1%

Admin fee / account holder

$105

$704-85.0%

$5,948-98.2%

$513-79.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$14,849

RBC WEALTH MANAGEMENT1 year

Filed as: RBC CAPITAL MARKETS LLC

Service code 49 · EIN 41-1416330

Other Services

INDUSTRIAL AIR FLOW DYNAMICS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL AIR FLOW DYNAMICS, INC. 401(K) 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