Retirement plan

IMPERIAL COMMERCIAL CLEANING, INC. 401(K) PROFIT SHARING PLAN

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

IMPERIAL COMMERCIAL CLEANING, INC.EIN 11-3231461Plan #002PY 2017

151 DIXON AVENUE - AMITYVILLE, NY 11701631-491-7400LinkedIn1-10 employeesconsumer services

Prospect flagsHigh feesLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$991K

+39.6% from 2016

Total participants

312

+18.2% from 2016

Average account balance

$66,089

+48.9% from 2016

Annual return

20.73%

+11.49 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.46M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

6.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$345K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$487

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

+16.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$7,490
ERP RETIREMENT SERVICES2 years Filed as: ERP ACTUARIES & CONSULTANTS Service code 13 135 PINELAWN ROAD · MELVILLE, NY 11747	Contract Administrator	$70
AXA EQUITABLE LIFE INSURANCE CO2 years Filed as: AXA ADVISORS LLC Service code 55 1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2G2J2K2T3D3H2F

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).
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$8K

$25 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.766%

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: J.T. SHULMAN & COMPANY, P.C.
Auditor EIN: 112924523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,089

$31,424+110.3%

$81,473-18.9%

$69,631-5.1%

Participation rate

3.6%

50.8%-47.3pp

68.0%-64.4pp

70.7%-67.1pp

Annual return

20.73%

22.44%-1.7pp

38.78%-18.1pp

27571.02%-27550.3pp

Employer contribution / active EE

$140

$1,029-86.4%

$2,568-94.6%

$2,032-93.1%

Participant deferral / active EE

$394

$1,838-78.6%

$3,537-88.9%

$3,224-87.8%

Admin fee / account holder

$506

$103+393.5%

$4,561-88.9%

$110+358.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$7,490

ERP RETIREMENT SERVICES2 years

Filed as: ERP ACTUARIES & CONSULTANTS

Service code 13

135 PINELAWN ROAD · MELVILLE, NY 11747

Contract Administrator

$70

AXA EQUITABLE LIFE INSURANCE CO2 years

Filed as: AXA ADVISORS LLC

Service code 55

1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104

Other Commissions

IMPERIAL COMMERCIAL CLEANING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPERIAL COMMERCIAL CLEANING, 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