Retirement plan

IOWA LIMESTONE COMPANY PROFIT SHARING PLAN

Name: IOWA LIMESTONE COMPANY DBA ILC RESOURCES - IOWA LIMESTONE COMPANY PROFIT SHARING PLAN (2022) Form 5500
Creator: IOWA LIMESTONE COMPANY DBA ILC RESOURCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IOWA LIMESTONE COMPANY PROFIT SHARING PLAN, IOWA LIMESTONE COMPANY DBA ILC RESOURCES

IOWA LIMESTONE COMPANY DBA ILC RESOURCESEIN 42-0332760Plan #003PY 2022

3301 106TH CIRCLE - URBANDALE, IA 50322515-243-8106

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$20.4M

-11.3% from 2021

Total participants

185

+1.1% from 2021

Average account balance

$130,863

-10.8% from 2021

Annual return

-13.38%

-23.24 pp from 2021

Benchmarks

See 274 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort274 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.76M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

183

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.

91.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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
NEWPORT GROUP, INC.4 years Service code 15 · EIN 42-1451295 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$33,197
NATIONWIDE5 years Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$25,008
INDEPENDENT FINANCIAL PARTNERS5 years Service code 27 · EIN 59-3331424	Advisory (Plan)	$24,809

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$287 / participant

Investment mgmt$45K100.0%

% of EOY assets

0.222%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,863

$64,871+101.7%

$129,118+1.4%

$66,938+95.5%

Participation rate

81.6%

74.0%+7.7pp

77.2%+4.4pp

69.8%+11.8pp

Annual return

-13.38%

-12.21%-1.2pp

-10.94%-2.4pp

1.58%-15.0pp

Employer contribution / active EE

$8,798

$3,741+135.2%

$5,051+74.2%

$2,545+245.7%

Participant deferral / active EE

$3,293

$5,090-35.3%

$6,539-49.6%

$4,238-22.3%

Admin fee / account holder

$291

$629-53.8%

$14,305-98.0%

$594-51.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 15 · EIN 42-1451295

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$33,197

NATIONWIDE5 years

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$25,008

INDEPENDENT FINANCIAL PARTNERS5 years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$24,809

IOWA LIMESTONE COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IOWA LIMESTONE COMPANY 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