Retirement plan

IOWA LIMESTONE COMPANY PROFIT SHARING PLAN

Name: IOWA LIMESTONE COMPANY DBA ILC RESOURCES - IOWA LIMESTONE COMPANY PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$22.8M

+11.7% from 2022

Total participants

191

+3.2% from 2022

Average account balance

$130,301

-0.4% from 2022

Annual return

13.53%

+26.92 pp from 2022

Benchmarks

See 266 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort266 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 15 · EIN 42-1451295 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$34,001
NATIONWIDE6 years Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$25,827
BISON WEALTH LLC1 year Filed as: BISON WEALTH Service code 27 · EIN 46-0955252 3500 LENNOX ROAD NE · ATLANTA, GA 30326	Advisory (Plan)	$21,791
INDEPENDENT FINANCIAL PARTNERS6 years Service code 27 · EIN 59-3331424	Advisory (Plan)	$4,700

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$47K

$289 / participant

Investment mgmt$47K100.0%

% of EOY assets

0.208%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,301

$72,352+80.1%

$142,516-8.6%

$71,511+82.2%

Participation rate

90.2%

71.7%+18.5pp

76.8%+13.5pp

67.9%+22.3pp

Annual return

13.53%

21.17%-7.6pp

19.99%-6.5pp

28.86%-15.3pp

Employer contribution / active EE

$8,955

$3,800+135.6%

$4,849+84.7%

$2,589+245.9%

Participant deferral / active EE

$3,339

$5,288-36.8%

$6,280-46.8%

$4,291-22.2%

Admin fee / account holder

$271

$1,438-81.1%

$10,008-97.3%

$1,588-82.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 15 · EIN 42-1451295

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$34,001

NATIONWIDE6 years

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$25,827

BISON WEALTH LLC1 year

Filed as: BISON WEALTH

Service code 27 · EIN 46-0955252

3500 LENNOX ROAD NE · ATLANTA, GA 30326

Advisory (Plan)

$21,791

INDEPENDENT FINANCIAL PARTNERS6 years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$4,700

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