Retirement plan

INPRO CORP. 401(K) PROFIT SHARING PLAN

Name: INPRO CORPORATION - INPRO CORP. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: INPRO CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INPRO CORP. 401(K) PROFIT SHARING PLAN, INPRO CORPORATION

INPRO CORPORATIONEIN 39-1455053Plan #001PY 2017

S80 W18766 APOLLO DRIVE - MUSKEGO, WI 531509219800-222-5556inprocorp.comLinkedIn501-1000 employeesbuilding materials

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$42.5M

+21.4% from 2016

Total participants

682

+2.7% from 2016

Average account balance

$80,872

+18.6% from 2016

Annual return

18.73%

+11.68 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.58M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

822

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.38M

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

+13.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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
FRINGE BENEFITS DESIGN OF MN, INC.3+ years Filed as: FRINGE BENEFITS DESIGN OF MN INC Service code 15 · EIN 41-1276678 7760 FRANCE AVE SO #810 · BLOOMINGTON, MN 55435	Recordkeeping	$135,194
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE TRUST CO Service code 19 · EIN 20-0937408 717 17TH STREET, SUITE 1800 · DENVER, CO 80202	Securities Custodian	$11,994
REDHAWK WEALTH ADVISORS1 year Service code 27 · EIN 26-1948684 7400 METRO BLVD. #400 · MINNEAPOLIS, MN 55439	Advisory (Plan)	$11,762

Plan features & details

Pension benefit codes2F2G2J2K2R2T3D

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$159K

$268 / participant

Investment mgmt$159K100.0%

% of EOY assets

0.374%

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: DWAYNE JOHNSON & ASSOCIATES, S.C.
Auditor EIN: 391750654
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,872

$75,284+7.4%

$91,004-11.1%

$69,631+16.1%

Participation rate

73.5%

80.4%-6.9pp

75.6%-2.1pp

70.7%+2.8pp

Annual return

18.73%

48.40%-29.7pp

4.60%+14.1pp

27571.02%-27552.3pp

Employer contribution / active EE

$968

$2,473-60.9%

$2,456-60.6%

$2,032-52.4%

Participant deferral / active EE

$3,872

$3,700+4.7%

$3,548+9.1%

$3,224+20.1%

Admin fee / account holder

$302

$111+173.4%

$5,417-94.4%

$110+173.8%

Provider

Service type

Compensation

FRINGE BENEFITS DESIGN OF MN, INC.3+ years

Filed as: FRINGE BENEFITS DESIGN OF MN INC

Service code 15 · EIN 41-1276678

7760 FRANCE AVE SO #810 · BLOOMINGTON, MN 55435

Recordkeeping

$135,194

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE TRUST CO

Service code 19 · EIN 20-0937408

717 17TH STREET, SUITE 1800 · DENVER, CO 80202

Securities Custodian

$11,994

REDHAWK WEALTH ADVISORS1 year

Service code 27 · EIN 26-1948684

7400 METRO BLVD. #400 · MINNEAPOLIS, MN 55439

Advisory (Plan)

$11,762

INPRO CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INPRO CORP. 401(K) 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