Retirement plan

THE I GRACE COMPANY RETIREMENT SAVINGS PLAN

Name: THE I GRACE COMPANY, INC. - THE I GRACE COMPANY RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: THE I GRACE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE I GRACE COMPANY RETIREMENT SAVINGS PLAN, THE I GRACE COMPANY, INC.

THE I GRACE COMPANY, INC.EIN 13-3494074Plan #003PY 2019

37-18 NORTHERN BOULEVARD, STE 500 - LONG ISLAND CITY, NY 11101212-987-1900igrace.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

+25.8% from 2018

Total participants

190

+3.3% from 2018

Average account balance

$66,221

+29.8% from 2018

Annual return

20.94%

+23.65 pp from 2018

Benchmarks

See 1,045 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,045 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.25M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

157

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$336

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$24,670
SIGNATURE ESTATE & INVESTMENT3 years Filed as: SIGNATURE SECURITIES GROUP CORP Service code 55	Other Commissions	$16,690
THE RETIREMENT ADVANTAGE INC3 years Filed as: THE RETIREMENT ADVANTAGE Service code 13	Contract Administrator	$7,358
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,245
THE RETIREMENT ADVANTAGE INC4 years Service code 13 101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074	Contract Administrator	$1,160
SIGNATURE ESTATE & INVESTMENT4 years Filed as: SIGNATURE SECURITYS GROUP CORP Service code 55 1177 AVENUE OF AMERICAS 11TH FL · NEW YORK, NY 10036	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$183 / participant

Contract admin$27K100.0%

% of EOY assets

0.326%

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: SOMERSET CPAS, P.C.
Auditor EIN: 201717681
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,221

$38,365+72.6%

$84,637-21.8%

$65,186+1.6%

Participation rate

57.0%

55.7%+1.4pp

68.2%-11.2pp

70.2%-13.2pp

Annual return

20.94%

32.00%-11.1pp

258.82%-237.9pp

29.39%-8.4pp

Employer contribution / active EE

$1,140

$1,258-9.4%

$2,653-57.0%

$2,177-47.6%

Participant deferral / active EE

$4,354

$2,278+91.1%

$3,900+11.6%

$3,514+23.9%

Admin fee / account holder

$216

$451-52.1%

$4,914-95.6%

$847-74.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$24,670

SIGNATURE ESTATE & INVESTMENT3 years

Filed as: SIGNATURE SECURITIES GROUP CORP

Service code 55

Other Commissions

$16,690

THE RETIREMENT ADVANTAGE INC3 years

Filed as: THE RETIREMENT ADVANTAGE

Service code 13

Contract Administrator

$7,358

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,245

THE RETIREMENT ADVANTAGE INC4 years

Service code 13

101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074

Contract Administrator

$1,160

SIGNATURE ESTATE & INVESTMENT4 years

Filed as: SIGNATURE SECURITYS GROUP CORP

Service code 55

1177 AVENUE OF AMERICAS 11TH FL · NEW YORK, NY 10036

Other Commissions

THE I GRACE COMPANY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE I GRACE COMPANY RETIREMENT SAVINGS 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