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 (2019) 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 2019

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

Other plans on this EIN

1 filing

#002Retirement-$7.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.7M

+16.2% from 2018

Total participants

-2.2% from 2018

Average account balance

$130,427

+18.9% from 2018

Annual return

25.95%

+29.87 pp from 2018

Benchmarks

See 7,338 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,338 peers

Snapshot2019

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

$1.0M

$25489 / participant

Other / not subdivided$1M100.0%

% of EOY assets

17.766%

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

$130,427

$109,359+19.3%

$162,185-19.6%

$72,976+78.7%

Participation rate

100.0%

84.3%+15.7pp

87.6%+12.4pp

69.5%+30.5pp

Annual return

25.95%

25.46%+0.5pp

115.61%-89.7pp

81.02%-55.1pp

Employer contribution / active EE

$3,069

$3,907-21.4%

$5,613-45.3%

$2,440+25.8%

Participant deferral / active EE

$10,394

$5,481+89.6%

$7,297+42.4%

$3,608+188.1%

Admin fee / account holder

$23,172

$7,972+190.7%

$10,844+113.7%

$5,124+352.2%

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