Retirement plan

INSTITUTE OF INTERNAL AUDITORS 401(K) PLAN

Name: INSTITUTE OF INTERNAL AUDITORS - INSTITUTE OF INTERNAL AUDITORS 401(K) PLAN (2015) Form 5500
Creator: INSTITUTE OF INTERNAL AUDITORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSTITUTE OF INTERNAL AUDITORS 401(K) PLAN, INSTITUTE OF INTERNAL AUDITORS

INSTITUTE OF INTERNAL AUDITORSEIN 13-5532538Plan #001PY 2015

247 MAITLAND AVE - ALTAMONTE SPRINGS, FL 327014907407-937-1100theiia.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.7M

No prior year

Total participants

227

No prior year

Average account balance

$87,671

No prior year

Annual return

-0.00%

No prior year

Benchmarks

See 1,412 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,412 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.66M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

330

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$626

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 3 by compensation

Provider	Service type	Compensation
FIDUCIARY INVESTMENT ADVISORS1+ years Filed as: FIDUCIARY FIRST, LLC Service code 27 · EIN 20-1741754	Advisory (Plan)	$94,772
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$17,027
IBBOTSON ASSOCIATES INC.1+ years Service code 26 · EIN 36-2923857	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

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

$112K

$650 / participant

Investment mgmt$95K84.8%
Contract admin$17K15.2%

% of EOY assets

0.567%

all-in expense ratio

Categories reported

2 / 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: BATTS MORRISON WALES & LEE, P.A.
Auditor EIN: 204193611
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,671

$41,854+109.5%

$73,845+18.7%

$52,331+67.5%

Participation rate

98.8%

66.2%+32.6pp

73.4%+25.4pp

68.1%+30.7pp

Annual return

-0.00%

2.11%-2.1pp

2267.91%-2267.9pp

4.54%-4.5pp

Employer contribution / active EE

$7,588

$1,920+295.1%

$2,788+172.2%

$1,882+303.2%

Participant deferral / active EE

$5,803

$2,498+132.3%

$3,583+62.0%

$3,022+92.0%

Admin fee / account holder

$497

$493+0.9%

$4,881-89.8%

$592-16.0%

Provider

Service type

Compensation

FIDUCIARY INVESTMENT ADVISORS1+ years

Filed as: FIDUCIARY FIRST, LLC

Service code 27 · EIN 20-1741754

Advisory (Plan)

$94,772

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,027

IBBOTSON ASSOCIATES INC.1+ years

Service code 26 · EIN 36-2923857

Advisory (Participants)

INSTITUTE OF INTERNAL AUDITORS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSTITUTE OF INTERNAL AUDITORS 401(K) 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