Retirement plan

I.T.C. 401(K) PLAN

Name: INTER-TRIBAL COUNCIL OF MICHIGAN, INC. - I.T.C. 401(K) PLAN (2019) 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 2019

2956 ASHMUN ST., STE. A - 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)

$4.2M

+5.3% from 2018

Total participants

121

-8.3% from 2018

Average account balance

$34,613

+8.0% from 2018

Annual return

2.12%

-4.17 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.38M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

134

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

$593K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$549

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
AMERICAN FUNDS1 year Filed as: CAPITAL ASSET ADVISORY SERVICES LLC Service code 50 · EIN 38-3470125	Direct Payment	$31,101
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$15,338
THE RETIREMENT ADVANTAGE INC3 years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 50 · EIN 39-1816008	Direct Payment	$6,641

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

$34K

$329 / participant

Contract admin$34K100.0%

% of EOY assets

0.801%

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

$34,613

$51,620-32.9%

$90,300-61.7%

$65,185-46.9%

Participation rate

100.0%

68.6%+31.4pp

73.3%+26.7pp

70.2%+29.8pp

Annual return

2.12%

24.94%-22.8pp

78.11%-76.0pp

29.38%-27.3pp

Employer contribution / active EE

$4,860

$2,235+117.5%

$2,854+70.3%

$2,177+123.3%

Participant deferral / active EE

$2,225

$2,871-22.5%

$3,884-42.7%

$3,514-36.7%

Admin fee / account holder

$277

$384-27.8%

$5,353-94.8%

$847-67.3%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: CAPITAL ASSET ADVISORY SERVICES LLC

Service code 50 · EIN 38-3470125

Direct Payment

$31,101

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$15,338

THE RETIREMENT ADVANTAGE INC3 years

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 50 · EIN 39-1816008

Direct Payment

$6,641

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