Retirement plan

IRONSHORE CONTRACTING, LLC 401(K) PLAN

Name: IRONSHORE CONTRACTING, LLC - IRONSHORE CONTRACTING, LLC 401(K) PLAN (2018) Form 5500
Creator: IRONSHORE CONTRACTING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRONSHORE CONTRACTING, LLC 401(K) PLAN, IRONSHORE CONTRACTING, LLC

IRONSHORE CONTRACTING, LLCEIN 38-3758816Plan #001PY 2018

100 HAVERHILL ROAD - BALTIMORE, MD 21229443-552-5732ironshorecontracting.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$822K

+9.4% from 2017

Total participants

148

-25.3% from 2017

Average account balance

$6,181

+42.3% from 2017

Annual return

-19.39%

-28.62 pp from 2017

Benchmarks

See 15,016 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,016 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$831K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1636

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MGA CONSULTANTS, INC.1 year Service code 13 6031 UNIVERSITY BLVD · ELLICOTT CITY, MD 210436097	Contract Administrator	$16,250
THE PROSPERITY CONSULTING GROUP, LL1 year Filed as: THE PROSPERITY CONSULTING GROUP LLC Service code 27 10055 RED RUN BLVD · OWINGS MILLS, MD 21117	Advisory (Plan)	$9,071
POLLARD & ASSOCIATES, INC.1 year Filed as: POLLARD & ASSOCIATES, INC Service code 13 ONE NORTH PARK DR · HUNT VALLEY, MD 21030	Contract Administrator	$7,800
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$3,354

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$38K

$476 / participant

Other / not subdivided$38K100.0%

% of EOY assets

4.635%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,181

$57,352-89.2%

$83,830-92.6%

$64,173-90.4%

Participation rate

81.3%

68.6%+12.6pp

76.1%+5.1pp

69.6%+11.7pp

Annual return

-19.39%

11.38%-30.8pp

850.97%-870.4pp

7.63%-27.0pp

Employer contribution / active EE

$10,088

$2,546+296.3%

$3,631+177.8%

$2,381+323.7%

Participant deferral / active EE

$1,447

$2,993-51.7%

$4,082-64.5%

$3,470-58.3%

Admin fee / account holder

$286

$4,046-92.9%

$5,479-94.8%

$4,887-94.1%

Provider

Service type

Compensation

MGA CONSULTANTS, INC.1 year

Service code 13

6031 UNIVERSITY BLVD · ELLICOTT CITY, MD 210436097

Contract Administrator

$16,250

THE PROSPERITY CONSULTING GROUP, LL1 year

Filed as: THE PROSPERITY CONSULTING GROUP LLC

Service code 27

10055 RED RUN BLVD · OWINGS MILLS, MD 21117

Advisory (Plan)

$9,071

POLLARD & ASSOCIATES, INC.1 year

Filed as: POLLARD & ASSOCIATES, INC

Service code 13

ONE NORTH PARK DR · HUNT VALLEY, MD 21030

Contract Administrator

$7,800

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$3,354

IRONSHORE CONTRACTING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRONSHORE CONTRACTING, LLC 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