Retirement plan

INTERDESIGN, INC. PROFIT SHARING PLAN

Name: INTERDESIGN, INC. - INTERDESIGN, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: INTERDESIGN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERDESIGN, INC. PROFIT SHARING PLAN, INTERDESIGN, INC.

INTERDESIGN, INC.EIN 34-1145527Plan #001PY 2024

30725 SOLON INDUSTRIAL PARKWAY - SOLON, OH 44139440-248-0178

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$24M

+6.4% from 2023

Total participants

329

-9.4% from 2023

Average account balance

$82,081

+14.8% from 2023

Annual return

31.34%

+15.27 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.97M

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.

292

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+31.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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
NFP RETIREMENT INC1 year Service code 99 · EIN 33-0905143	Other Fees	$31,404
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 99 · EIN 35-1151034	Other Fees	$6,849
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$6,822

Plan features & details

Pension benefit codes3D2E2J2F2H2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

1 tripped

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

$7K

$36 / participant

Investment mgmt$2K26.0%
Contract admin$4K59.4%
Other / not subdivided$1K14.7%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,081

$79,181+3.7%

$102,423-19.9%

$74,429+10.3%

Participation rate

80.5%

74.8%+5.8pp

76.5%+4.0pp

67.2%+13.3pp

Annual return

31.34%

54.97%-23.6pp

29.42%+1.9pp

1368.38%-1337.0pp

Employer contribution / active EE

$1,043

$2,362-55.8%

$3,023-65.5%

$2,625-60.3%

Participant deferral / active EE

$4,583

$4,416+3.8%

$5,054-9.3%

$4,348+5.4%

Admin fee / account holder

$23

$2,002-98.8%

$9,455-99.8%

$1,944-98.8%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Service code 99 · EIN 33-0905143

Other Fees

$31,404

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN FINANCIAL ADVISORS CORP

Service code 99 · EIN 35-1151034

Other Fees

$6,849

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$6,822

INTERDESIGN, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERDESIGN, INC. 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