Retirement plan

INDUSTRIAL BAG & SPECIALTIES, INC. PROFIT SHARING & 401K PLAN

Name: INDUSTRIAL BAG & SPECIALTIES, INC. - INDUSTRIAL BAG & SPECIALTIES, INC. PROFIT SHARING & 401K PLAN (2016) Form 5500
Creator: INDUSTRIAL BAG & SPECIALTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL BAG & SPECIALTIES, INC. PROFIT SHARING & 401K PLAN, INDUSTRIAL BAG & SPECIALTIES, INC.

INDUSTRIAL BAG & SPECIALTIES, INC.EIN 38-1264676Plan #003PY 2016

17800 NORTHLAND PARK COURT - SOUTHFIELD, MI 54807248-559-5550industrialbag.comLinkedIn11-50 employeestextiles

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$795K

No prior year

Total participants

No prior year

Average account balance

$158,998

No prior year

Annual return

21.80%

No prior year

Benchmarks

See 3,036 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,036 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.20M

Not enough data

1 years with asset history on file

Average account balance

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

$441K

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

$118K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+29.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10004

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 codes2E2H2J2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$618

$124 / participant

Other / not subdivided$618100.0%

% of EOY assets

0.078%

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

$158,998

$96,956+64.0%

$69,779+127.9%

$273,972-42.0%

Participation rate

100.0%

77.1%+22.9pp

71.8%+28.2pp

83.0%+17.0pp

Annual return

21.80%

12.93%+8.9pp

12.99%+8.8pp

41.46%-19.7pp

Employer contribution / active EE

$8,581

$3,316+158.8%

$2,338+267.0%

$4,869+76.2%

Participant deferral / active EE

$6,990

$3,744+86.7%

$2,931+138.5%

$5,287+32.2%

Admin fee / account holder

$124

$7,934-98.4%

$4,381-97.2%

$10,133-98.8%

INDUSTRIAL BAG & SPECIALTIES, INC. PROFIT SHARING & 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL BAG & SPECIALTIES, INC. PROFIT SHARING & 401K 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