Retirement plan

INFINITY CONTACT SAFE HARBOR 401(K) PLAN

Name: INFINITY CONTACT INC. - INFINITY CONTACT SAFE HARBOR 401(K) PLAN (2019) Form 5500
Creator: INFINITY CONTACT INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFINITY CONTACT SAFE HARBOR 401(K) PLAN, INFINITY CONTACT INC.

INFINITY CONTACT INC.EIN 42-1456418Plan #001PY 2019

4700 TAMA ST SE - CEDAR RAPIDS, IA 524034556319-378-1400infinitycontact.comLinkedIn201-500 employeesoutsourcing/offshoring

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.3M

+27.2% from 2018

Total participants

103

-58.3% from 2018

Average account balance

$48,016

+56.7% from 2018

Annual return

31.06%

+35.27 pp from 2018

Benchmarks

See 25,913 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,913 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.58M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

32.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$324K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7559

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290	Contract Administrator	$11,311
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553	Other Services	$5,976
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$11K

$180 / participant

Contract admin$11K100.0%

% of EOY assets

0.341%

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: BERGANKDV, LTD.
Auditor EIN: 411431613
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,016

$89,364-46.3%

$141,177-66.0%

$72,983-34.2%

Participation rate

46.0%

75.1%-29.1pp

82.5%-36.4pp

69.5%-23.5pp

Annual return

31.06%

111.86%-80.8pp

71.40%-40.3pp

81.01%-49.9pp

Employer contribution / active EE

$1,630

$3,115-47.7%

$4,736-65.6%

$2,440-33.2%

Participant deferral / active EE

$3,538

$5,419-34.7%

$6,710-47.3%

$3,608-1.9%

Admin fee / account holder

$164

$5,959-97.2%

$10,263-98.4%

$5,124-96.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$11,311

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL SECURITIES INC

Service code 49 · EIN 42-0941553

Other Services

$5,976

WILSHIRE ASSOCIATES INCORPORATED5+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

INFINITY CONTACT SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INFINITY CONTACT SAFE HARBOR 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