Retirement plan

IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN

Name: IVC-USA, INC. - IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN (2015) Form 5500
Creator: IVC-USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN, IVC-USA, INC.

IVC-USA, INC.EIN 38-2206972Plan #001PY 2015

1551 MONTGOMERY STREET - SOUTH HILL, VA 23970434-447-7100

Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3.7M

No prior year

Total participants

186

No prior year

Average account balance

$28,988

No prior year

Annual return

-1.92%

No prior year

Benchmarks

See 1,746 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,746 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.26M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

118

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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
SECURIAN FINANCIAL SERVICES INC1+ years Filed as: SECURIAN FINANCIAL SERVICES Service code 55 400 ROBERT ST N · ST PAUL, MN 55101	Other Commissions	$20,022
CREATIVE RETIREMENT SYSTEMS, INC.1+ years Service code 13 · EIN 31-1299207	Contract Administrator	$7,181
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA RETIREMENT INSUR & ANNUITY CO. Service code 60 · EIN 71-0294708	Sub-TA Fees	$1,655
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$614

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4K

$27 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.112%

all-in expense ratio

Categories reported

0 / 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: WELLS, COLEMAN & CO
Auditor EIN: 540593442
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,988

$53,412-45.7%

$68,509-57.7%

$52,331-44.6%

Participation rate

61.8%

71.7%-9.8pp

74.7%-12.9pp

68.1%-6.3pp

Annual return

-1.92%

3.42%-5.3pp

8.27%-10.2pp

4.54%-6.5pp

Employer contribution / active EE

$170

$1,607-89.4%

$2,278-92.5%

$1,882-90.9%

Participant deferral / active EE

$818

$2,688-69.5%

$3,382-75.8%

$3,022-72.9%

Admin fee / account holder

$32

$461-93.0%

$5,275-99.4%

$592-94.5%

Provider

Service type

Compensation

SECURIAN FINANCIAL SERVICES INC1+ years

Filed as: SECURIAN FINANCIAL SERVICES

Service code 55

400 ROBERT ST N · ST PAUL, MN 55101

Other Commissions

$20,022

CREATIVE RETIREMENT SYSTEMS, INC.1+ years

Service code 13 · EIN 31-1299207

Contract Administrator

$7,181

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA RETIREMENT INSUR & ANNUITY CO.

Service code 60 · EIN 71-0294708

Sub-TA Fees

$1,655

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$614

IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IVC-USA, INC. EMPLOYEES PROFIT SHARING AND SAVINGS 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