Retirement plan

INDUSTRIAL GASKET & SHIM, CO., INC. 401(K) PLAN

Name: IGS INDUSTRIES, INC. - INDUSTRIAL GASKET & SHIM, CO., INC. 401(K) PLAN (2021) Form 5500
Creator: IGS INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL GASKET & SHIM, CO., INC. 401(K) PLAN, IGS INDUSTRIES, INC.

IGS INDUSTRIES, INC.EIN 25-1102726Plan #003PY 2021

P.O. BOX 368, 200 COUNTRY CLUB ROAD - MEADOW LANDS, PA 15347724-222-5800igsind.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Other plans on this EIN

2 filings

#004Retirement-$4.2M assets #002Retirement-$3.0M assets

Prospect flagsLow assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.2M

+2.0% from 2020

Total participants

135

+3.8% from 2020

Average account balance

$29,457

-10.2% from 2020

Annual return

12.75%

-10.09 pp from 2020

Benchmarks

See 4,054 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,054 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.89M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

129

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.

71.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$448K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 1 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC4 years Filed as: KESTRA ADVISORY SERVICES, LLC Service code 26 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Advisory (Participants)	$15,693

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$21K

$197 / participant

Investment mgmt$18K84.9%
Other / not subdivided$3K15.1%

% of EOY assets

0.664%

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: S AND S CPAS LLP
Auditor EIN: 843785495
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,457

$84,936-65.3%

$111,308-73.5%

$79,391-62.9%

Participation rate

75.9%

75.9%+0.1pp

77.3%-1.4pp

70.7%+5.2pp

Annual return

12.75%

17.45%-4.7pp

54.67%-41.9pp

116.88%-104.1pp

Employer contribution / active EE

$764

$1,979-61.4%

$2,732-72.0%

$2,428-68.5%

Participant deferral / active EE

$2,240

$3,888-42.4%

$4,487-50.1%

$4,046-44.6%

Admin fee / account holder

$196

$537-63.6%

$7,965-97.5%

$627-68.8%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC4 years

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 26

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Advisory (Participants)

$15,693

INDUSTRIAL GASKET & SHIM, CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL GASKET & SHIM, CO., INC. 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