Retirement plan

INDEPENDENT MECHANICAL INDUSTRIES, INC.

Name: INDEPENDENT MECHANICAL INDUSTRIES, INC. - INDEPENDENT MECHANICAL INDUSTRIES, INC. (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$449K

+32.3% from 2019

Total participants

0.0% from 2019

Average account balance

$49,899

+32.3% from 2019

Annual return

22.69%

+1.69 pp from 2019

Benchmarks

See 42,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,032 peers

Snapshot2020

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

$29K

$2912 / participant

Other / not subdivided$29K100.0%

% of EOY assets

6.485%

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

$49,899

$115,814-56.9%

$101,275-50.7%

$158,982-68.6%

Participation rate

90.0%

79.4%+10.6pp

75.8%+14.2pp

82.0%+8.0pp

Annual return

22.69%

56.16%-33.5pp

46.48%-23.8pp

302.99%-280.3pp

Employer contribution / active EE

$2,044

$4,176-51.0%

$3,660-44.1%

$4,763-57.1%

Participant deferral / active EE

$3,938

$4,958-20.6%

$4,371-9.9%

$5,983-34.2%

Admin fee / account holder

$3,236

$7,249-55.4%

$5,948-45.6%

$11,252-71.2%

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