Retirement plan

INFO-TECH 401K RETIREMENT PLAN

Name: INFO-TECH RESEARCH GROUP INC. - INFO-TECH 401K RETIREMENT PLAN (2024) Form 5500
Creator: INFO-TECH RESEARCH GROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFO-TECH 401K RETIREMENT PLAN, INFO-TECH RESEARCH GROUP INC.

INFO-TECH RESEARCH GROUP INC.EIN 20-4312071Plan #001PY 2024

3960 HOWARD HUGHES PKWY STE 500 - LAS VEGAS, NV 89169888-670-8889

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$11.4M

+56.5% from 2023

Total participants

309

+2.0% from 2023

Average account balance

$42,216

+64.0% from 2023

Annual return

17.05%

-27.56 pp from 2023

Benchmarks

See 3,307 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.44M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

271

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+17.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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 2 by compensation

Provider	Service type	Compensation
PCS RETIREMENT, LLC2 years Filed as: PCS RETIREMENT LLC Service code 13 · EIN 23-3038464	Contract Administrator	$31,636
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Filed as: GALLAGHER BENEFIT SERVICES, INC Service code 28 18201 VON KARMAN AVE STE 200 · IRVINE, CA 92612	Investment Management	$22,736

Plan features & details

Pension benefit codes2F2T3D2A2J

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).
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).
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$54K

$208 / participant

Recordkeeping$32K58.2%
Investment mgmt$23K41.8%

% of EOY assets

0.475%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: INFO-TECH RESEARCH GROUP
Auditor EIN: 204312071
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,216

$106,164-60.2%

$147,041-71.3%

$77,692-45.7%

Participation rate

85.4%

78.4%+7.1pp

82.2%+3.3pp

70.6%+14.9pp

Annual return

17.05%

56.81%-39.8pp

419.21%-402.2pp

31.25%-14.2pp

Employer contribution / active EE

$3,204

$4,066-21.2%

$4,935-35.1%

$2,726+17.5%

Participant deferral / active EE

$11,819

$7,993+47.9%

$8,071+46.4%

$4,648+154.2%

Admin fee / account holder

$201

$338-40.6%

$13,006-98.5%

$431-53.4%

Provider

Service type

Compensation

PCS RETIREMENT, LLC2 years

Filed as: PCS RETIREMENT LLC

Service code 13 · EIN 23-3038464

Contract Administrator

$31,636

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Filed as: GALLAGHER BENEFIT SERVICES, INC

Service code 28

18201 VON KARMAN AVE STE 200 · IRVINE, CA 92612

Investment Management

$22,736

INFO-TECH 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INFO-TECH 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