Retirement plan

INDECK ENERGY SERVICES, INC. AND AFFILIATED EMPLOYERS 401(K) PLAN

Name: INDECK ENERGY SERVICES, INC. - INDECK ENERGY SERVICES, INC. AND AFFILIATED EMPLOYERS 401(K) PLAN (2024) Form 5500
Creator: INDECK ENERGY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDECK ENERGY SERVICES, INC. AND AFFILIATED EMPLOYERS 401(K) PLAN, INDECK ENERGY SERVICES, INC.

INDECK ENERGY SERVICES, INC.EIN 36-3421443Plan #001PY 2024

600 NORTH BUFFALO GROVE ROAD, SUITE 300 - BUFFALO GROVE, IL 60089847-520-3212indeckenergy.comLinkedIn51-200 employeesrenewables & environment

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$34M

+5.2% from 2023

Total participants

201

-7.8% from 2023

Average account balance

$212,265

+12.4% from 2023

Annual return

15.78%

-1.70 pp from 2023

Benchmarks

See 211 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort211 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.96M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

160

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$659

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PLEXUS FINANCIAL SERVICES, LLC4 years Filed as: PLEXUS FINANCIAL SOLUTIONS Service code 99 · EIN 27-1746834	Other Fees	$54,970
MORNINGSTAR10+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$17,178
ASCENSUS LLC1 year Filed as: SCP RETIREMENT SERVICES LLC Service code 49 30 N LA SALLE ST STE 2624 · CHICAGO, IL 60602	Other Services	$16,640

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$105K

$703 / participant

Investment mgmt$89K84.2%
Contract admin$17K15.8%

% of EOY assets

0.310%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,265

$112,750+88.3%

$103,431+105.2%

$74,400+185.3%

Participation rate

72.7%

80.9%-8.2pp

80.5%-7.9pp

67.2%+5.5pp

Annual return

15.78%

23.22%-7.4pp

23.92%-8.1pp

1367.51%-1351.7pp

Employer contribution / active EE

$1,561

$4,880-68.0%

$4,678-66.6%

$2,624-40.5%

Participant deferral / active EE

$7,585

$7,289+4.1%

$6,625+14.5%

$4,348+74.4%

Admin fee / account holder

$659

$1,702-61.3%

$9,412-93.0%

$1,944-66.1%

Provider

Service type

Compensation

PLEXUS FINANCIAL SERVICES, LLC4 years

Filed as: PLEXUS FINANCIAL SOLUTIONS

Service code 99 · EIN 27-1746834

Other Fees

$54,970

MORNINGSTAR10+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$17,178

ASCENSUS LLC1 year

Filed as: SCP RETIREMENT SERVICES LLC

Service code 49

30 N LA SALLE ST STE 2624 · CHICAGO, IL 60602

Other Services

$16,640

INDECK ENERGY SERVICES, INC. AND AFFILIATED EMPLOYERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDECK ENERGY SERVICES, INC. AND AFFILIATED EMPLOYERS 401(K) 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