Retirement plan

INDUSTRIAL ELEVATOR MAINTENANCE CO., INC. 401(K) PROFIT SHARING PLAN

Name: INDUSTRIAL ELEVATOR MAINTENANCE CO., INC. - INDUSTRIAL ELEVATOR MAINTENANCE CO., INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: INDUSTRIAL ELEVATOR MAINTENANCE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL ELEVATOR MAINTENANCE CO., INC. 401(K) PROFIT SHARING PLAN, INDUSTRIAL ELEVATOR MAINTENANCE CO., INC.

INDUSTRIAL ELEVATOR MAINTENANCE CO., INC.EIN 25-1285149Plan #001PY 2020

3177 MILLER RUN ROAD, P.O. BOX 262 - CECIL, PA 15321412-257-0124

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

+15.2% from 2019

Total participants

+2.7% from 2019

Average account balance

$124,047

+18.5% from 2019

Annual return

19.03%

-7.54 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.77M

Not enough data

1 years with asset history on file

Average account balance

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

$199K

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.

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.

147.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$198K

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

+17.61%

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 codes2E2F2J2T3D

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).
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$269K

$9595 / participant

Other / not subdivided$269K100.0%

% of EOY assets

6.188%

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

$124,047

$78,428+58.2%

$95,960+29.3%

$79,852+55.3%

Participation rate

89.3%

73.5%+15.8pp

77.1%+12.2pp

69.6%+19.6pp

Annual return

19.03%

19.37%-0.3pp

91.63%-72.6pp

31.72%-12.7pp

Employer contribution / active EE

$1,499

$1,945-22.9%

$2,541-41.0%

$2,471-39.3%

Participant deferral / active EE

$2,829

$3,440-17.8%

$4,167-32.1%

$3,740-24.4%

Admin fee / account holder

$7,676

$5,622+36.5%

$6,797+12.9%

$5,306+44.7%

INDUSTRIAL ELEVATOR MAINTENANCE CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL ELEVATOR MAINTENANCE CO., INC. 401(K) PROFIT SHARING 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