Retirement plan

IGD INDUSTRIES, INC. 401K RETIREMENT PLAN

Name: IGD INDUSTRIES, INC. - IGD INDUSTRIES, INC. 401K RETIREMENT PLAN (2015) Form 5500
Creator: IGD INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IGD INDUSTRIES, INC. 401K RETIREMENT PLAN, IGD INDUSTRIES, INC.

IGD INDUSTRIES, INC.EIN 20-3947215Plan #001PY 2015

4150 C STREET SW - CEDAR RAPIDS, IA 524047451319-396-2222igdindustries.comLinkedIn201-500 employeesfinancial services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10M

No prior year

Total participants

224

No prior year

Average account balance

$49,264

No prior year

Annual return

0.11%

No prior year

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.55M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

226

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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 4 by compensation

Provider	Service type	Compensation
WITZEL, LAWRENCE W.1+ years Service code 49 200 2ND AVE · CEDAR RAPIDS, IA 524011241	Other Services	$16,556
RSM US LLP1+ years Service code 10 · EIN 42-0714325	Accounting	$8,676
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,550
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$10K

$68 / participant

Contract admin$2K15.2%
Other / not subdivided$9K84.8%

% of EOY assets

0.102%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,264

$57,108-13.7%

$94,224-47.7%

$52,331-5.9%

Participation rate

86.1%

72.9%+13.2pp

78.8%+7.3pp

68.1%+18.0pp

Annual return

0.11%

1.47%-1.4pp

10.68%-10.6pp

4.54%-4.4pp

Employer contribution / active EE

$702

$1,735-59.5%

$3,587-80.4%

$1,882-62.7%

Participant deferral / active EE

$3,310

$3,040+8.9%

$4,320-23.4%

$3,022+9.5%

Admin fee / account holder

$50

$546-90.8%

$6,269-99.2%

$592-91.5%

Provider

Service type

Compensation

WITZEL, LAWRENCE W.1+ years

Service code 49

200 2ND AVE · CEDAR RAPIDS, IA 524011241

Other Services

$16,556

RSM US LLP1+ years

Service code 10 · EIN 42-0714325

Accounting

$8,676

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,550

WILSHIRE ASSOCIATES INCORPORATED1+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

IGD INDUSTRIES, INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IGD INDUSTRIES, INC. 401K 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