Retirement plan

I.A.M. NATIONAL 401K PLAN

Name: BOARD OF TRUSTEES I. A. M. 401(K) FUND - I.A.M. NATIONAL 401K PLAN (2015) Form 5500
Creator: BOARD OF TRUSTEES I. A. M. 401(K) FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.M. NATIONAL 401K PLAN, BOARD OF TRUSTEES I. A. M. 401(K) FUND

BOARD OF TRUSTEES I. A. M. 401(K) FUNDEIN 32-0443423Plan #003PY 2015

1300 CONNECTICUT AVENUE, NW, SUITE 300 - WASHINGTON, DC 200361707202-785-2658

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$396.4M

-26.3% from 2017

Total participants

25,819

-18.0% from 2017

Average account balance

$21,167

-10.0% from 2017

Annual return

-0.73%

-16.19 pp from 2017

Benchmarks

See 87 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort87 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$972.18M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

35,579

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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 9 by compensation

Provider	Service type	Compensation
SLEVIN & HART, P.C.1+ years Service code 29 · EIN 52-1708613	Legal	$305,017
CALIBRE CPA GROUP PLLC1+ years Service code 10 · EIN 47-0900880	Accounting	$64,789
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$50,000
KELLY PRESS INC1+ years Filed as: KELLY PRESS, INC. Service code 36 · EIN 52-0975591	Copying and duplicating	$40,855
BOND BROTHERS1+ years Filed as: BOND BEEBE PC Service code 16 · EIN 52-1044197	Consulting	$29,260
MERCER1+ years Service code 16 · EIN 13-2834414	Consulting	$20,000
LAWRENCE C. MUSGROVE ASSOCIATES1+ years Filed as: LAWRENCE LYNN Service code 16 8002 PARK CREST DRIVE · SILVER SPRING, MD 20910	Consulting	$19,650
GALLAGHER FIDUCIARY ADVISORS, LLC1+ years Service code 16 · EIN 36-4291971	Consulting	$14,667
JIM HALLINAN PENSION CONSULTING LLC1+ years Filed as: JIM MCGRATH Service code 20 · EIN 32-0443423	Trustee (individual)	$9,987

Plan features & details

Pension benefit codes2E2F2G

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.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$1.2M

$50 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.290%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,167

$111,064-80.9%

$67,652-68.7%

$69,651-69.6%

Participation rate

69.2%

86.0%-16.8pp

75.7%-6.4pp

66.6%+2.6pp

Annual return

-0.73%

2.77%-3.5pp

6625.40%-6626.1pp

53.77%-54.5pp

Employer contribution / active EE

$128

$3,328-96.2%

$2,266-94.4%

$2,241-94.3%

Participant deferral / active EE

$2,013

$6,396-68.5%

$3,560-43.4%

$3,635-44.6%

Admin fee / account holder

$61

$72-14.5%

$4,821-98.7%

$63-2.8%

Provider

Service type

Compensation

SLEVIN & HART, P.C.1+ years

Service code 29 · EIN 52-1708613

Legal

$305,017

CALIBRE CPA GROUP PLLC1+ years

Service code 10 · EIN 47-0900880

Accounting

$64,789

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$50,000

KELLY PRESS INC1+ years

Filed as: KELLY PRESS, INC.

Service code 36 · EIN 52-0975591

Copying and duplicating

$40,855

BOND BROTHERS1+ years

Filed as: BOND BEEBE PC

Service code 16 · EIN 52-1044197

Consulting

$29,260

MERCER1+ years

Service code 16 · EIN 13-2834414

Consulting

$20,000

LAWRENCE C. MUSGROVE ASSOCIATES1+ years

Filed as: LAWRENCE LYNN

Service code 16

8002 PARK CREST DRIVE · SILVER SPRING, MD 20910

Consulting

$19,650

GALLAGHER FIDUCIARY ADVISORS, LLC1+ years

Service code 16 · EIN 36-4291971

Consulting

$14,667

JIM HALLINAN PENSION CONSULTING LLC1+ years

Filed as: JIM MCGRATH

Service code 20 · EIN 32-0443423

Trustee (individual)

$9,987

I.A.M. NATIONAL 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.M. NATIONAL 401K 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