Retirement plan

GEORGE J. IGEL & CO., INC. 401(K) PROFIT SHARING PLAN

Name: GEORGE J. IGEL & CO., INC. - GEORGE J. IGEL & CO., INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GEORGE J. IGEL & CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEORGE J. IGEL & CO., INC. 401(K) PROFIT SHARING PLAN, GEORGE J. IGEL & CO., INC.

GEORGE J. IGEL & CO., INC.EIN 31-4214570Plan #001PY 2024

2040 ALUM CREEK DRIVE - COLUMBUS, OH 43207614-445-8421buildwithigel.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$36M

+37.5% from 2023

Total participants

144

+18.0% from 2023

Average account balance

$250,188

+15.5% from 2023

Annual return

13.09%

-3.23 pp from 2023

Benchmarks

See 3,451 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,451 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$46.87M

Not enough data

1 years with asset history on file

Average account balance

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

$282K

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.

166

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$47K

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$872

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 4 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH1 year Service code 33 · EIN 42-1445429 1776 PLEASANT PLAIN RD · FAIRFIELD, OH 52556	Securities brokerage	$131,799
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$104,845
LATITUDE SERVICE COMPANY INC1 year Filed as: LATITUDE SERVICE COMPANY, INC Service code 13 · EIN 82-1371994 PO BOX 329 · PLYMOUTH, IN 46563	Contract Administrator	$46,725
NATIONWIDE1 year Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$23,817

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D2S

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$118K

$953 / participant

Contract admin$118K100.0%

% of EOY assets

0.328%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$250,188

$80,724+209.9%

$103,333+142.1%

$74,495+235.8%

Participation rate

100.0%

65.7%+34.3pp

74.5%+25.5pp

67.2%+32.8pp

Annual return

13.09%

27.56%-14.5pp

24.88%-11.8pp

1364.94%-1351.9pp

Employer contribution / active EE

$63,115

$3,157+1899.1%

$3,868+1531.8%

$2,623+2306.2%

Participant deferral / active EE

$7,962

$3,860+106.3%

$5,057+57.4%

$4,346+83.2%

Admin fee / account holder

$820

$2,368-65.4%

$8,355-90.2%

$1,942-57.8%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH1 year

Service code 33 · EIN 42-1445429

1776 PLEASANT PLAIN RD · FAIRFIELD, OH 52556

Securities brokerage

$131,799

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$104,845

LATITUDE SERVICE COMPANY INC1 year

Filed as: LATITUDE SERVICE COMPANY, INC

Service code 13 · EIN 82-1371994

PO BOX 329 · PLYMOUTH, IN 46563

Contract Administrator

$46,725

NATIONWIDE1 year

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$23,817

GEORGE J. IGEL & CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEORGE J. IGEL & CO., INC. 401(K) PROFIT SHARING 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