Retirement plan

IAM 401(K) RETIREMENT PLAN

Name: INCAST ASSET MANAGEMENT, INC. - IAM 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: INCAST ASSET MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IAM 401(K) RETIREMENT PLAN, INCAST ASSET MANAGEMENT, INC.

INCAST ASSET MANAGEMENT, INC.EIN 26-2429216Plan #002PY 2018

6400 ARTESIA BLVD. - BUENA PARK, CA 90620714-385-8900

Prospect flagsHigh feesLow participationHigh assets / participantLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4.2M

No prior year

Total participants

126

No prior year

Average account balance

$520,475

No prior year

Annual return

-6.05%

No prior year

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.14M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

221

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.

87.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL LLC RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$13,832
RPA FINANCIAL, LLC1+ years Filed as: RPA FINANCIAL Service code 27 · EIN 83-1143379	Advisory (Plan)	$7,899
MAXUS PLAN SOLUTIONS1+ years Filed as: MAXUS PLAN SOLUTIONS, INC Service code 13 · EIN 45-4012897	Contract Administrator	$4,514
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$3,244
MAXUS PLAN SOLUTIONS1+ years Service code 13	Contract Administrator	$1,598

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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$29K

$250 / participant

Contract admin$29K100.0%

% of EOY assets

0.708%

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: WRIGHT FORD YOUNG & CO
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$520,475

$59,186+779.4%

$76,768+578.0%

$56,287+824.7%

Participation rate

0.0%

75.2%-75.2pp

77.0%-77.0pp

69.9%-69.9pp

Annual return

-6.05%

6.62%-12.7pp

2.43%-8.5pp

-9.96%+3.9pp

Employer contribution / active EE

$371

$1,759-78.9%

$2,485-85.1%

$2,111-82.4%

Participant deferral / active EE

$3,824

$3,255+17.5%

$3,852-0.7%

$3,350+14.1%

Admin fee / account holder

$3,687

$489+653.8%

$6,675-44.8%

$521+607.7%

Provider

Service type

Compensation

LPL FINANCIAL1+ years

Filed as: LPL FINANCIAL LLC RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$13,832

RPA FINANCIAL, LLC1+ years

Filed as: RPA FINANCIAL

Service code 27 · EIN 83-1143379

Advisory (Plan)

$7,899

MAXUS PLAN SOLUTIONS1+ years

Filed as: MAXUS PLAN SOLUTIONS, INC

Service code 13 · EIN 45-4012897

Contract Administrator

$4,514

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,244

MAXUS PLAN SOLUTIONS1+ years

Service code 13

Contract Administrator

$1,598

IAM 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IAM 401(K) RETIREMENT 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