Retirement plan

IN-DEPTH ENGINEERING RETIREMENT PLAN

Name: IN-DEPTH ENGINEERING, INC. - IN-DEPTH ENGINEERING RETIREMENT PLAN (2019) Form 5500
Creator: IN-DEPTH ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IN-DEPTH ENGINEERING RETIREMENT PLAN, IN-DEPTH ENGINEERING, INC.

IN-DEPTH ENGINEERING, INC.EIN 20-5228729Plan #001PY 2019

11350 RANDOM HILLS ROAD, SUITE 110 - FAIRFAX, VA 22030703-592-0764

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$22M

+21.8% from 2018

Total participants

181

+20.7% from 2018

Average account balance

$121,555

+0.9% from 2018

Annual return

19.61%

+28.02 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.06M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

287

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

$3.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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
GREENSPRING ADVISORS, LLC2 years Service code 27 501 FAIRMOUNT AVENUE · TOWNSON, MD 21286	Advisory (Plan)	$37,500
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Direct payment from the plan; Recordk...	$26,752

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3F

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).
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$64K

$446 / participant

Investment mgmt$38K58.4%
Contract admin$27K41.6%

% of EOY assets

0.292%

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: BDO USA,LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,555

$89,652+35.6%

$141,197-13.9%

$65,186+86.5%

Participation rate

100.0%

74.7%+25.3pp

82.5%+17.5pp

70.2%+29.8pp

Annual return

19.61%

32.79%-13.2pp

71.41%-51.8pp

29.39%-9.8pp

Employer contribution / active EE

$9,684

$3,065+216.0%

$4,736+104.5%

$2,177+344.9%

Participant deferral / active EE

$6,387

$5,691+12.2%

$6,710-4.8%

$3,514+81.7%

Admin fee / account holder

$355

$569-37.6%

$10,265-96.5%

$847-58.1%

Provider

Service type

Compensation

GREENSPRING ADVISORS, LLC2 years

Service code 27

501 FAIRMOUNT AVENUE · TOWNSON, MD 21286

Advisory (Plan)

$37,500

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Direct payment from the plan; Recordk...

$26,752

IN-DEPTH ENGINEERING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IN-DEPTH ENGINEERING 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