Retirement plan

INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Name: INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY - INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN, INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY

INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANYEIN 35-1755675Plan #001PY 2017

4045 EDISON LAKES PARKWAY, SUITE 100 - MISHAWAKA, IN 46545574-271-0374

Other plans on this EIN

1 filing

#002Retirement-$6.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.3M

+29.1% from 2016

Total participants

+11.1% from 2016

Average account balance

$133,442

+16.2% from 2016

Annual return

27.06%

+10.78 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.95M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

137.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$798K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+20.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16521

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$278K

$7519 / participant

Other / not subdivided$278K100.0%

% of EOY assets

5.212%

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

$133,442

$100,041+33.4%

$149,718-10.9%

$70,131+90.3%

Participation rate

100.0%

83.6%+16.4pp

87.1%+12.9pp

69.5%+30.5pp

Annual return

27.06%

27.43%-0.4pp

1501.67%-1474.6pp

73.14%-46.1pp

Employer contribution / active EE

$2,872

$3,662-21.6%

$5,445-47.3%

$2,342+22.6%

Participant deferral / active EE

$6,906

$4,983+38.6%

$6,569+5.1%

$3,332+107.3%

Admin fee / account holder

$6,956

$8,286-16.1%

$11,283-38.4%

$4,645+49.7%

INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDIANA TRUST AND INVESTMENT MANAGEMENT COMPANY 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