Retirement plan

ILLUMINATION WORKS, LLC 401(K) PLAN

Name: ILLUMINATION WORKS, LLC - ILLUMINATION WORKS, LLC 401(K) PLAN (2019) Form 5500
Creator: ILLUMINATION WORKS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ILLUMINATION WORKS, LLC 401(K) PLAN, ILLUMINATION WORKS, LLC

ILLUMINATION WORKS, LLCEIN 20-4395892Plan #001PY 2019

2689 COMMONS BLVD, SUITE 120 - BEAVERCREEK, OH 454313801937-938-1321illuminationworksllc.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.3M

+30.8% from 2018

Total participants

124

+8.8% from 2018

Average account balance

$44,421

+18.7% from 2018

Annual return

43.01%

+50.06 pp from 2018

Benchmarks

See 25,909 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,909 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.35M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

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.

102.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$969K

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

+17.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14100

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
SIENA CAPITAL LLC1 year Service code 99 · EIN 20-8980407	Other Fees	$14,505
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$1,208
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTMENT RETIREMENT SOLUTIONS Service code 28 · EIN 61-1732930	Investment Management	$0
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCLAL INVST MGMT, INC. Service code 49 · EIN 36-3429599	Other Services	$0
TRINITY PENSION CONSULTANTS2 years Filed as: TRINITY PENSION CONSULTANTS, INC. Service code 15 · EIN 20-4548831 202 MONTROSE WEST AVE · COPLEY, OH 44321	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$58 / participant

Contract admin$3K100.0%

% of EOY assets

0.057%

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: SWINDON, SPRINGER & CO. INC. CPAS
Auditor EIN: 311339842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,421

$89,370-50.3%

$141,197-68.5%

$72,976-39.1%

Participation rate

90.4%

75.1%+15.3pp

82.5%+7.9pp

69.5%+20.9pp

Annual return

43.01%

111.88%-68.9pp

71.41%-28.4pp

81.02%-38.0pp

Employer contribution / active EE

$4,349

$3,115+39.6%

$4,736-8.2%

$2,440+78.2%

Participant deferral / active EE

$9,309

$5,419+71.8%

$6,710+38.7%

$3,608+158.0%

Admin fee / account holder

$25

$5,957-99.6%

$10,265-99.8%

$5,124-99.5%

Provider

Service type

Compensation

SIENA CAPITAL LLC1 year

Service code 99 · EIN 20-8980407

Other Fees

$14,505

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASS MUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$1,208

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTMENT RETIREMENT SOLUTIONS

Service code 28 · EIN 61-1732930

Investment Management

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCLAL INVST MGMT, INC.

Service code 49 · EIN 36-3429599

Other Services

TRINITY PENSION CONSULTANTS2 years

Filed as: TRINITY PENSION CONSULTANTS, INC.

Service code 15 · EIN 20-4548831

202 MONTROSE WEST AVE · COPLEY, OH 44321

Recordkeeping

ILLUMINATION WORKS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ILLUMINATION WORKS, LLC 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