Retirement plan

INTERNATIONAL ASBESTOS REMOVAL, INC. 401K PLAN

Name: INTERNATIONAL ASBESTOS REMOVAL, INC. - INTERNATIONAL ASBESTOS REMOVAL, INC. 401K PLAN (2021) Form 5500
Creator: INTERNATIONAL ASBESTOS REMOVAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL ASBESTOS REMOVAL, INC. 401K PLAN, INTERNATIONAL ASBESTOS REMOVAL, INC.

INTERNATIONAL ASBESTOS REMOVAL, INC.EIN 11-2871175Plan #002PY 2021

119 COOPER STREET - BABYLON, NY 11702718-335-0304iaronline.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$1.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.3M

+21.6% from 2020

Total participants

-5.9% from 2020

Average account balance

$131,978

+29.2% from 2020

Annual return

11.95%

-2.91 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.25M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

134.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$872K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2179

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$18K

$526 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.282%

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

$131,978

$78,682+67.7%

$109,188+20.9%

$85,851+53.7%

Participation rate

100.0%

68.3%+31.7pp

75.9%+24.1pp

69.3%+30.7pp

Annual return

11.95%

25.09%-13.1pp

25.76%-13.8pp

318.63%-306.7pp

Employer contribution / active EE

$7,696

$2,734+181.5%

$3,723+106.7%

$2,565+200.0%

Participant deferral / active EE

$7,630

$3,468+120.0%

$4,654+64.0%

$3,952+93.1%

Admin fee / account holder

$373

$5,470-93.2%

$6,755-94.5%

$6,261-94.0%

INTERNATIONAL ASBESTOS REMOVAL, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL ASBESTOS REMOVAL, 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