Retirement plan

I3 VERTICALS MANAGEMENT SERVICES, INC. 401(K) PLAN

Name: I3 VERTICALS MANAGEMENT SERVICES,INC. - I3 VERTICALS MANAGEMENT SERVICES, INC. 401(K) PLAN (2025) Form 5500
Creator: I3 VERTICALS MANAGEMENT SERVICES,INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I3 VERTICALS MANAGEMENT SERVICES, INC. 401(K) PLAN, I3 VERTICALS MANAGEMENT SERVICES,INC.

I3 VERTICALS MANAGEMENT SERVICES,INC.EIN 30-0847828Plan #001PY 2025

40 BURTON HILLS BLVD., SUITE 415 - NASHVILLE, TN 37215615-942-6175LinkedIn51-200 employeesbanking

Prospect flagsHigh retiree %Low returnsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$67.4M

-9.5% from 2024

Total participants

1,253

-18.6% from 2024

Average account balance

$69,663

+4.7% from 2024

Annual return

11.27%

-17.17 pp from 2024

Benchmarks

See 603 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort603 peers

Snapshot2025

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$67.43M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

968

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.

67.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.85M

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$426

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS7 years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$174,725
RAYMOND JAMES FINANCIAL SERVICES7 years Service code 27 · EIN 59-2937883	Advisory (Plan)	$115,039
ERISA SERVICES, INC.7 years Filed as: ERISA SERVICES INC Service code 15 · EIN 62-1200951	Recordkeeping	$26,523
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15	Recordkeeping	$1,312
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0947998	Bank Trustee	$300

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$412K

$469 / participant

Recordkeeping$412K100.0%

% of EOY assets

0.612%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BLANKENSHIP CPA GROUP, PLLC
Auditor EIN: 450491842
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,663

$110,483-36.9%

$145,433-52.1%

$79,634-12.5%

Participation rate

67.6%

71.1%-3.5pp

82.1%-14.5pp

62.5%+5.1pp

Annual return

11.27%

24.62%-13.4pp

66.58%-55.3pp

36.46%-25.2pp

Employer contribution / active EE

$2,125

$4,053-47.6%

$4,554-53.3%

$2,529-16.0%

Participant deferral / active EE

$6,798

$7,216-5.8%

$7,897-13.9%

$3,835+77.3%

Admin fee / account holder

$426

$680-37.3%

$13,129-96.8%

$1,002-57.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$174,725

RAYMOND JAMES FINANCIAL SERVICES7 years

Service code 27 · EIN 59-2937883

Advisory (Plan)

$115,039

ERISA SERVICES, INC.7 years

Filed as: ERISA SERVICES INC

Service code 15 · EIN 62-1200951

Recordkeeping

$26,523

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15

Recordkeeping

$1,312

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0947998

Bank Trustee

$300

I3 VERTICALS MANAGEMENT SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I3 VERTICALS MANAGEMENT SERVICES, INC. 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