Retirement plan

ICI SERVICES RETIREMENT SAVINGS PLAN

Name: ICI SERVICES CORPORATION - ICI SERVICES RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: ICI SERVICES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ICI SERVICES RETIREMENT SAVINGS PLAN, ICI SERVICES CORPORATION

ICI SERVICES CORPORATIONEIN 26-4558596Plan #001PY 2023

500 VIKING DRIVE, SUITE 400 - VIRGINIA BCH, VA 234527477757-340-6970icisrvcs.comLinkedIn501-1000 employeesdefense & space

Other plans on this EIN

1 filing

#003Retirement-$10.0M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$20.6M

-9.2% from 2022

Total participants

304

-16.5% from 2022

Average account balance

$82,611

+7.6% from 2022

Annual return

12.22%

+22.00 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.46M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

250

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.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

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

+10.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$235

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$66,134
ROYAL ALLIANCE ASSOCIATES INC2 years Service code 27 · EIN 93-0987232	Advisory (Plan)	$30,983

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$66K

$479 / participant

Contract admin$66K100.0%

% of EOY assets

0.322%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,611

$91,439-9.7%

$135,974-39.2%

$71,511+15.5%

Participation rate

60.1%

75.7%-15.5pp

81.9%-21.8pp

67.9%-7.8pp

Annual return

12.22%

29.90%-17.7pp

68.30%-56.1pp

28.86%-16.6pp

Employer contribution / active EE

$2,355

$3,705-36.4%

$4,859-51.5%

$2,589-9.1%

Participant deferral / active EE

$6,553

$7,093-7.6%

$7,760-15.5%

$4,291+52.7%

Admin fee / account holder

$266

$1,267-79.0%

$10,767-97.5%

$1,588-83.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$66,134

ROYAL ALLIANCE ASSOCIATES INC2 years

Service code 27 · EIN 93-0987232

Advisory (Plan)

$30,983

ICI SERVICES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ICI SERVICES RETIREMENT SAVINGS 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