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 (2018) 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 2018

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

Other plans on this EIN

1 filing

#002Retirement-$5.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.9M

-7.5% from 2017

Total participants

+12.5% from 2017

Average account balance

$109,729

-17.8% from 2017

Annual return

-3.92%

-30.98 pp from 2017

Benchmarks

See 7,475 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,475 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.86M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

139.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$644K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+18.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22706

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

$633K

$16658 / participant

Other / not subdivided$633K100.0%

% of EOY assets

12.820%

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

$109,729

$94,529+16.1%

$140,019-21.6%

$64,173+71.0%

Participation rate

100.0%

84.1%+15.9pp

87.5%+12.5pp

69.6%+30.4pp

Annual return

-3.92%

7.77%-11.7pp

651.17%-655.1pp

7.63%-11.6pp

Employer contribution / active EE

$3,075

$3,812-19.3%

$5,605-45.1%

$2,381+29.2%

Participant deferral / active EE

$8,557

$5,250+63.0%

$6,927+23.5%

$3,470+146.6%

Admin fee / account holder

$14,067

$6,741+108.7%

$10,705+31.4%

$4,887+187.8%

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