Retirement plan

IREX CORPORATION EMPLOYEES' SAVINGS INCENTIVE PLAN

Name: IREX CORPORATION - IREX CORPORATION EMPLOYEES' SAVINGS INCENTIVE PLAN (2019) Form 5500
Creator: IREX CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IREX CORPORATION EMPLOYEES' SAVINGS INCENTIVE PLAN, IREX CORPORATION

IREX CORPORATIONEIN 23-1712949Plan #200PY 2019

PO BOX 1268, 120 NORTH LIME STREET - LANCASTER, PA 176081268717-399-5120LinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#204Retirement-$12.3M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$67.5M

+24.1% from 2018

Total participants

307

+7.7% from 2018

Average account balance

$229,619

+14.4% from 2018

Annual return

22.56%

+26.13 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.03M

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

429

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.22M

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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
THE VANGUARD GROUP, INC.5+ years Filed as: VANGUARD GROUP, INC. Service code 15 · EIN 23-1945930	Recordkeeping	$15,216
RKL LLP4 years Service code 10 · EIN 23-2108173	Accounting	$14,750

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$32K

$154 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

0 / 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: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$229,619

$63,114+263.8%

$92,909+147.1%

$65,185+252.3%

Participation rate

93.8%

68.8%+25.0pp

76.0%+17.8pp

70.2%+23.6pp

Annual return

22.56%

28.75%-6.2pp

109.44%-86.9pp

29.38%-6.8pp

Employer contribution / active EE

$4,920

$2,571+91.4%

$3,653+34.7%

$2,177+126.0%

Participant deferral / active EE

$7,749

$3,108+149.3%

$4,238+82.8%

$3,514+120.5%

Admin fee / account holder

$110

$624-82.4%

$5,795-98.1%

$847-87.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.5+ years

Filed as: VANGUARD GROUP, INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$15,216

RKL LLP4 years

Service code 10 · EIN 23-2108173

Accounting

$14,750

IREX CORPORATION EMPLOYEES' SAVINGS INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IREX CORPORATION EMPLOYEES' SAVINGS INCENTIVE 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