Retirement plan

INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC. PROFIT SHARING PLAN

Name: INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC. - INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC. PROFIT SHARING PLAN, INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC.

INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC.EIN 34-1789239Plan #001PY 2022

36253 MICHIGAN AVE. - WAYNE, MI 48184734-727-5132LinkedIn11-50 employeesindividual & family services

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$640K

-19.3% from 2021

Total participants

-38.1% from 2021

Average account balance

$53,368

+34.5% from 2021

Annual return

-16.00%

-28.26 pp from 2021

Benchmarks

See 1,423 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort1,423 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$888K

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

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

+12.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$484

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$35K

$2883 / participant

Other / not subdivided$35K100.0%

% of EOY assets

5.401%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,368

$117,777-54.7%

$71,778-25.6%

$134,545-60.3%

Participation rate

91.7%

68.9%+22.8pp

62.3%+29.3pp

81.2%+10.4pp

Annual return

-16.00%

25.46%-41.5pp

9.15%-25.2pp

418.37%-434.4pp

Employer contribution / active EE

$2,525-100.0%

$1,704-100.0%

$4,742-100.0%

Participant deferral / active EE

$427

$3,756-88.6%

$2,656-83.9%

$6,401-93.3%

Admin fee / account holder

$2,883

$6,379-54.8%

$3,974-27.5%

$11,431-74.8%

INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL DISTRIBUTION SERVICES OF CLEVELAND, 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