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 (2022) 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 2022

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

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

-16.5% from 2021

Total participants

-2.8% from 2021

Average account balance

$131,167

-16.5% from 2021

Annual return

-19.93%

-38.99 pp from 2021

Benchmarks

See 14,494 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,494 peers

Snapshot2022

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$131,167

$71,878+82.5%

$86,698+51.3%

$68,486+91.5%

Participation rate

96.0%

72.2%+23.8pp

76.6%+19.4pp

67.9%+28.1pp

Annual return

-19.93%

3.53%-23.5pp

35.95%-55.9pp

-7.85%-12.1pp

Employer contribution / active EE

$1,856

$2,173-14.6%

$2,837-34.6%

$2,597-28.5%

Participant deferral / active EE

$5,455

$3,779+44.4%

$4,656+17.2%

$4,028+35.4%

Admin fee / account holder

$6,113-100.0%

$7,493-100.0%

$5,404-100.0%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion