Retirement plan

I.T.C. 401(K) PLAN

Name: INTER-TRIBAL COUNCIL OF MICHIGAN, INC. - I.T.C. 401(K) PLAN (2017) Form 5500
Creator: INTER-TRIBAL COUNCIL OF MICHIGAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.T.C. 401(K) PLAN, INTER-TRIBAL COUNCIL OF MICHIGAN, INC.

INTER-TRIBAL COUNCIL OF MICHIGAN, INC.EIN 38-1893519Plan #001PY 2017

2956 ASHMUN ST. - SAULT STE. MARIE, MI 49783906-632-6896itcmi.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+16.6% from 2016

Total participants

136

+3.8% from 2016

Average account balance

$29,157

+11.4% from 2016

Annual return

10.68%

-0.93 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.58M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

139

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

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+25.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$479

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$30,375
COMMONWEALTH FINANCIAL NETWORK1 year Service code 27 · EIN 04-2675571	Advisory (Plan)	$8,893
THE RETIREMENT ADVANTAGE INC1 year Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 27 · EIN 39-1816008	Advisory (Plan)	$4,221
CES INS AGENCY INC1 year Filed as: CES INSURANCE AGENCY INC. Service code 53 ONE UNIVERSITY PARK · WALTHAM, MA 024533483	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$25K

$212 / participant

Contract admin$25K100.0%

% of EOY assets

0.641%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ANDERSON TACKMAN & COMPANY FACILITY
Auditor EIN: 381977929
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,157

$50,637-42.4%

$86,582-66.3%

$62,293-53.2%

Participation rate

99.2%

67.9%+31.3pp

73.5%+25.6pp

69.5%+29.6pp

Annual return

10.68%

20.80%-10.1pp

965.08%-954.4pp

28.90%-18.2pp

Employer contribution / active EE

$2,353

$2,075+13.4%

$2,839-17.1%

$2,042+15.2%

Participant deferral / active EE

$1,536

$2,611-41.2%

$3,609-57.4%

$3,169-51.5%

Admin fee / account holder

$187

$413-54.8%

$4,904-96.2%

$479-61.0%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$30,375

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 27 · EIN 04-2675571

Advisory (Plan)

$8,893

THE RETIREMENT ADVANTAGE INC1 year

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 27 · EIN 39-1816008

Advisory (Plan)

$4,221

CES INS AGENCY INC1 year

Filed as: CES INSURANCE AGENCY INC.

Service code 53

ONE UNIVERSITY PARK · WALTHAM, MA 024533483

Insurance Commissions

I.T.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.T.C. 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