Retirement plan

INFOSEND, INC. 401(K) PROFIT SHARING PLAN

Name: INFOSEND, INC. - INFOSEND, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: INFOSEND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFOSEND, INC. 401(K) PROFIT SHARING PLAN, INFOSEND, INC.

INFOSEND, INC.EIN 33-0748516Plan #001PY 2021

4240 EAST LA PALMA AVENUE - ANAHEIM, CA 92807714-993-2690infosend.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow returnsHigh feesLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.7M

+17.2% from 2020

Total participants

151

-3.8% from 2020

Average account balance

$76,234

+2.2% from 2020

Annual return

11.00%

+2.17 pp from 2020

Benchmarks

See 1,879 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,879 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.79M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

131

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.

55.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$922K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Service code 27 315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238	Advisory (Plan)	$18,369
INFOSEND INC2 years Service code 99 · EIN 13-2624428 4240 E LA PALMA · ANAHEIM, CA 92807	Other Fees	$8,288
JPMORGAN INVEST HOLDINGS LLC2 years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$4,908

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$32K

$231 / participant

Contract admin$31K99.6%
Other / not subdivided$1360.4%

% of EOY assets

0.410%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,234

$79,438-4.0%

$106,551-28.5%

$79,393-4.0%

Participation rate

63.5%

74.2%-10.6pp

76.1%-12.6pp

70.7%-7.2pp

Annual return

11.00%

18.27%-7.3pp

26.80%-15.8pp

116.87%-105.9pp

Employer contribution / active EE

$1,662

$2,235-25.6%

$2,819-41.0%

$2,428-31.5%

Participant deferral / active EE

$3,338

$3,824-12.7%

$4,398-24.1%

$4,046-17.5%

Admin fee / account holder

$313

$523-40.2%

$7,408-95.8%

$627-50.1%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Service code 27

315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238

Advisory (Plan)

$18,369

INFOSEND INC2 years

Service code 99 · EIN 13-2624428

4240 E LA PALMA · ANAHEIM, CA 92807

Other Fees

$8,288

JPMORGAN INVEST HOLDINGS LLC2 years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$4,908

INFOSEND, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INFOSEND, 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