Retirement plan

THE IRON MOUNTAIN COMPANIES 401(K) PLAN

Name: IRON MOUNTAIN INCORPORATED - THE IRON MOUNTAIN COMPANIES 401(K) PLAN (2022) Form 5500
Creator: IRON MOUNTAIN INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE IRON MOUNTAIN COMPANIES 401(K) PLAN, IRON MOUNTAIN INCORPORATED

IRON MOUNTAIN INCORPORATEDEIN 23-2588479Plan #001PY 2022

ONE FEDERAL STREET - BOSTON, MA 02110800-935-6966ironmountains.comLinkedIn11-50 employeesdesign

Other plans on this EIN

1 filing

#005Retirement-$1.4M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed May 5, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$651.3M

-19.7% from 2016

Total participants

11,808

-11.5% from 2016

Average account balance

$56,767

-9.9% from 2016

Annual return

-15.30%

-24.20 pp from 2016

Benchmarks

See 1,155 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,155 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$943.12M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

12,827

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK RETIREMENT PLAN SERVS Service code 15 · EIN 01-0233346	Recordkeeping	$1,706,028
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$415,557
NEPC, LLC8+ years Service code 27 · EIN 26-1429809	Advisory (Plan)	$120,831
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$73,750
RSM US LLP6 years Service code 10 · EIN 42-0714325	Accounting	$56,595
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: CREATIVE PLANNING/LOCKTON Service code 27 · EIN 43-1270780	Advisory (Plan)	$25,000

Plan features & details

Pension benefit codes2F2E2G2J2K2R2S2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.4M

$278 / participant

Investment mgmt$225K9.3%
Contract admin$2M88.2%
Other / not subdivided$59K2.5%

% of EOY assets

0.369%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,767

$78,104-27.3%

$71,778-20.9%

$78,104-27.3%

Participation rate

96.1%

74.5%+21.6pp

62.3%+33.8pp

74.5%+21.6pp

Annual return

-15.30%

10.90%-26.2pp

9.15%-24.5pp

10.90%-26.2pp

Employer contribution / active EE

$1,837

$3,128-41.3%

$1,704+7.8%

$3,128-41.3%

Participant deferral / active EE

$5,300

$5,089+4.1%

$2,656+99.5%

$5,089+4.1%

Admin fee / account holder

$210

$79+165.5%

$3,974-94.7%

$79+165.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVS

Service code 15 · EIN 01-0233346

Recordkeeping

$1,706,028

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$415,557

NEPC, LLC8+ years

Service code 27 · EIN 26-1429809

Advisory (Plan)

$120,831

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$73,750

RSM US LLP6 years

Service code 10 · EIN 42-0714325

Accounting

$56,595

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: CREATIVE PLANNING/LOCKTON

Service code 27 · EIN 43-1270780

Advisory (Plan)

$25,000

THE IRON MOUNTAIN COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE IRON MOUNTAIN COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

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