Retirement plan

IAUTOMATION 401(K) PLAN

Name: AUTOMATION SOLUTIONS, INC. D/B/A IAUTOMATION - IAUTOMATION 401(K) PLAN (2017) Form 5500
Creator: AUTOMATION SOLUTIONS, INC. D/B/A IAUTOMATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IAUTOMATION 401(K) PLAN, AUTOMATION SOLUTIONS, INC. D/B/A IAUTOMATION

AUTOMATION SOLUTIONS, INC. D/B/A IAUTOMATIONEIN 26-0251174Plan #001PY 2017

10 LARSEN WAY, P.O. BOX 2540 - NORTH ATTLEBORO, MA 02763508-342-9301

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.6M

+23.9% from 2016

Total participants

187

+3.9% from 2016

Average account balance

$57,584

+23.9% from 2016

Annual return

17.11%

+6.52 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.77M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

285

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.

91.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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 3 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 99 · EIN 26-3511292	Other Fees	$13,799
BARNES WENDLING CPAS INC1 year Filed as: BARNES WENDLING CPAS INC. Service code 10 · EIN 34-1463411	Accounting	$6,080
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K3D2F3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$106 / participant

Contract admin$13K100.0%

% of EOY assets

0.156%

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: BARNES WENDLING CPAS INC.
Auditor EIN: 341463411
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,584

$80,753-28.7%

$136,297-57.8%

$62,293-7.6%

Participation rate

69.8%

73.5%-3.7pp

81.9%-12.1pp

69.5%+0.3pp

Annual return

17.11%

35.83%-18.7pp

5156.19%-5139.1pp

28.90%-11.8pp

Employer contribution / active EE

$858

$2,884-70.2%

$4,696-81.7%

$2,042-58.0%

Participant deferral / active EE

$5,596

$5,164+8.4%

$6,247-10.4%

$3,169+76.6%

Admin fee / account holder

$90

$525-82.9%

$9,244-99.0%

$479-81.3%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 99 · EIN 26-3511292

Other Fees

$13,799

BARNES WENDLING CPAS INC1 year

Filed as: BARNES WENDLING CPAS INC.

Service code 10 · EIN 34-1463411

Accounting

$6,080

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

IAUTOMATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IAUTOMATION 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