Retirement plan

INDUSTRIAL CONTROLS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN TRUST

Name: INDUSTRIAL CONTROLS, INC. - INDUSTRIAL CONTROLS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN TRUST (2019) Form 5500
Creator: INDUSTRIAL CONTROLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL CONTROLS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN TRUST, INDUSTRIAL CONTROLS, INC.

INDUSTRIAL CONTROLS, INC.EIN 23-1522463Plan #001PY 2019

837 WEST TRINDLE ROAD, BX 693 837 W TRINDLE RD - MECHANICSBURG, PA 170554077717-697-7555

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-0.1% from 2018

Total participants

0.0% from 2018

Average account balance

$210,855

+19.9% from 2018

Annual return

2.03%

-4.66 pp from 2018

Benchmarks

See 40,734 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,734 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$144K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+6.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$58K

$9699 / participant

Other / not subdivided$58K100.0%

% of EOY assets

5.520%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,855

$107,353+96.4%

$92,903+127.0%

$152,885+37.9%

Participation rate

83.3%

79.8%+3.5pp

76.0%+7.3pp

82.5%+0.9pp

Annual return

2.03%

145.62%-143.6pp

109.43%-107.4pp

345.39%-343.4pp

Employer contribution / active EE

$2,872

$4,222-32.0%

$3,653-21.4%

$4,763-39.7%

Participant deferral / active EE

$1,542

$4,848-68.2%

$4,238-63.6%

$5,851-73.7%

Admin fee / account holder

$11,639

$7,081+64.4%

$5,795+100.9%

$11,598+0.4%

INDUSTRIAL CONTROLS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL CONTROLS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN TRUST

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