Retirement plan

INDEPENDENT MECHANICAL INDUSTRIES, INC.

Name: INDEPENDENT MECHANICAL INDUSTRIES, INC. - INDEPENDENT MECHANICAL INDUSTRIES, INC. (2019) Form 5500
Creator: INDEPENDENT MECHANICAL INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT MECHANICAL INDUSTRIES, INC., INDEPENDENT MECHANICAL INDUSTRIES, INC.

INDEPENDENT MECHANICAL INDUSTRIES, INC.EIN 36-1260050Plan #002PY 2019

2671 UNITED LANE - ELK GOVE VILLAGE, IL 60007773-282-4500independentmech.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$339K

-5.8% from 2018

Total participants

-37.5% from 2018

Average account balance

$37,713

+67.4% from 2018

Annual return

21.00%

+21.00 pp from 2018

Benchmarks

See 40,726 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,726 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$963K

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+19.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$516

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$184K

$18377 / participant

Other / not subdivided$184K100.0%

% of EOY assets

54.143%

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

$37,713

$107,368-64.9%

$92,915-59.4%

$152,909-75.3%

Participation rate

90.0%

79.8%+10.2pp

76.0%+14.0pp

82.5%+7.5pp

Annual return

21.00%

145.64%-124.6pp

109.45%-88.4pp

345.46%-324.5pp

Employer contribution / active EE

$2,827

$4,222-33.0%

$3,653-22.6%

$4,764-40.7%

Participant deferral / active EE

$5,646

$4,848+16.5%

$4,238+33.2%

$5,851-3.5%

Admin fee / account holder

$20,419

$7,082+188.3%

$5,796+252.3%

$11,601+76.0%

INDEPENDENT MECHANICAL INDUSTRIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT MECHANICAL INDUSTRIES, INC.

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