Retirement plan

THE IT WORKS GLOBAL 401(K) RETIREMENT & PROFIT SHARING PLAN

Name: IT WORKS MARKETING, INC. - THE IT WORKS GLOBAL 401(K) RETIREMENT & PROFIT SHARING PLAN (2017) Form 5500
Creator: IT WORKS MARKETING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE IT WORKS GLOBAL 401(K) RETIREMENT & PROFIT SHARING PLAN, IT WORKS MARKETING, INC.

IT WORKS MARKETING, INC.EIN 38-3593692Plan #001PY 2017

908 RIVERSIDE DRIVE - PALMETTO, FL 34221941-348-6650

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.8M

+54.9% from 2016

Total participants

170

+34.9% from 2016

Average account balance

$34,228

+20.8% from 2016

Annual return

19.85%

-3.86 pp from 2016

Benchmarks

See 420 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort420 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.42M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

136

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$886K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+17.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$416

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
HUNTINGTON NATIONAL BANK1 year Service code 13 519 MADISON AVE MAD30 · TOLEDO, OH 43604	Contract Administrator	$3,428
JOSEPH LINCK DBA LINCK LAW PLC1 year Service code 13 · EIN 02-0600416 678 FRONT AVE NW STE 330 · GRAND RAPIDS, MI 49504	Contract Administrator	$500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$400

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$37 / participant

Investment mgmt$6K100.0%

% of EOY assets

0.114%

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: GRANT THORTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,228

$47,448-27.9%

$94,993-64.0%

$62,293-45.1%

Participation rate

80.7%

66.5%+14.2pp

73.9%+6.8pp

69.5%+11.2pp

Annual return

19.85%

22.64%-2.8pp

27.14%-7.3pp

28.90%-9.1pp

Employer contribution / active EE

$2,694

$1,300+107.2%

$2,603+3.5%

$2,042+31.9%

Participant deferral / active EE

$5,407

$2,375+127.7%

$3,317+63.0%

$3,169+70.6%

Admin fee / account holder

$39

$434-91.0%

$4,960-99.2%

$479-91.8%

Provider

Service type

Compensation

HUNTINGTON NATIONAL BANK1 year

Service code 13

519 MADISON AVE MAD30 · TOLEDO, OH 43604

Contract Administrator

$3,428

JOSEPH LINCK DBA LINCK LAW PLC1 year

Service code 13 · EIN 02-0600416

678 FRONT AVE NW STE 330 · GRAND RAPIDS, MI 49504

Contract Administrator

$500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$400

THE IT WORKS GLOBAL 401(K) RETIREMENT & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE IT WORKS GLOBAL 401(K) RETIREMENT & PROFIT SHARING 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