Retirement plan

IMC COMPANIES, LLC RETIREMENT PLAN

Name: IMC COMPANIES, LLC - IMC COMPANIES, LLC RETIREMENT PLAN (2018) Form 5500
Creator: IMC COMPANIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMC COMPANIES, LLC RETIREMENT PLAN, IMC COMPANIES, LLC

IMC COMPANIES, LLCEIN 20-1374088Plan #001PY 2018

3150 LENOX PARK BLVD, SUITE 309 - MEMPHIS, TN 38115615-713-9804pdsusa.comLinkedIn501-1000 employeestransportation/trucking/railroad

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$22.2M

-1.6% from 2017

Total participants

1,334

+36.1% from 2017

Average account balance

$25,075

-7.6% from 2017

Annual return

-5.84%

-58.65 pp from 2017

Benchmarks

See 241 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort241 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.97M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

1,854

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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
SECURIAN FINANCIAL SERVICES INC1 year Filed as: SECURIAN FINANCIAL SERVICES, INC Service code 27 · EIN 41-1486060	Advisory (Plan)	$44,909
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$29,936
JACKSON, HOWELL & ASSOCIATES3 years Filed as: JACKSON HOWELL & ASSOCTIATES, PLLC Service code 10 · EIN 20-3538074	Accounting	$8,250

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$83K

$72 / participant

Investment mgmt$45K54.0%
Other / not subdivided$38K46.0%

% of EOY assets

0.374%

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: JACKSON, HOWELL & ASSOCIATES PLLC
Auditor EIN: 203538074
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,075

$57,606-56.5%

$67,313-62.7%

$75,289-66.7%

Participation rate

61.4%

68.2%-6.9pp

69.1%-7.7pp

72.4%-11.1pp

Annual return

-5.84%

-0.47%-5.4pp

-4.08%-1.8pp

-0.04%-5.8pp

Employer contribution / active EE

$642

$2,206-70.9%

$2,566-75.0%

$2,405-73.3%

Participant deferral / active EE

$2,111

$3,195-33.9%

$3,568-40.8%

$3,739-43.5%

Admin fee / account holder

$94

$83+13.5%

$4,507-97.9%

$102-8.2%

Provider

Service type

Compensation

SECURIAN FINANCIAL SERVICES INC1 year

Filed as: SECURIAN FINANCIAL SERVICES, INC

Service code 27 · EIN 41-1486060

Advisory (Plan)

$44,909

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$29,936

JACKSON, HOWELL & ASSOCIATES3 years

Filed as: JACKSON HOWELL & ASSOCTIATES, PLLC

Service code 10 · EIN 20-3538074

Accounting

$8,250

IMC COMPANIES, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMC COMPANIES, LLC 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