Retirement plan

DATABANK IMX LLC 401(K) PLAN

Name: DATABANK IMX LLC - DATABANK IMX LLC 401(K) PLAN (2015) Form 5500
Creator: DATABANK IMX LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DATABANK IMX LLC 401(K) PLAN, DATABANK IMX LLC

DATABANK IMX LLCEIN 25-1921937Plan #001PY 2015

620 FREEDOM BUSINESS CENTER, SUITE 120 - KING OF PRUSSIA, PA 19406215-628-3600databankimx.comLinkedIn501-1000 employeesinformation services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$13.2M

No prior year

Total participants

691

No prior year

Average account balance

$37,946

No prior year

Annual return

7.02%

No prior year

Benchmarks

See 2,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,331 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.17M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

438

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.

61.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$366

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
ELLIN & TUCKER, CHARTERED1+ years Filed as: ELLIN & TUCKER Service code 10 · EIN 52-0959934 100 S. CHARLES STREET · BALTIMORE, MD 21201	Accounting	$16,797

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$22K

$34 / participant

Contract admin$8694.0%
Other / not subdivided$21K96.0%

% of EOY assets

0.162%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,946

$88,324-57.0%

$115,037-67.0%

$55,191-31.2%

Participation rate

46.0%

72.5%-26.6pp

81.4%-35.4pp

69.2%-23.2pp

Annual return

7.02%

6.30%+0.7pp

26.14%-19.1pp

10.78%-3.8pp

Employer contribution / active EE

$435

$2,805-84.5%

$4,608-90.6%

$1,899-77.1%

Participant deferral / active EE

$2,410

$5,042-52.2%

$6,026-60.0%

$3,046-20.9%

Admin fee / account holder

$62

$105-41.5%

$8,175-99.2%

$91-32.1%

Provider

Service type

Compensation

ELLIN & TUCKER, CHARTERED1+ years

Filed as: ELLIN & TUCKER

Service code 10 · EIN 52-0959934

100 S. CHARLES STREET · BALTIMORE, MD 21201

Accounting

$16,797

DATABANK IMX LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DATABANK IMX LLC 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