Retirement plan

INDEPENDENT LUBRICANT MANUFACTURERS ASSN 401(K) P/S PLAN

Name: INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION - INDEPENDENT LUBRICANT MANUFACTURERS ASSN 401(K) P/S PLAN (2021) Form 5500
Creator: INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT LUBRICANT MANUFACTURERS ASSN 401(K) P/S PLAN, INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION

INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATIONEIN 44-0554072Plan #001PY 2021

675 N. WASHINGTON STREET SUITE 275 - ALEXANDRIA, VA 22314703-684-5574

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+17.2% from 2020

Total participants

+42.9% from 2020

Average account balance

$195,323

-8.8% from 2020

Annual return

10.59%

+3.11 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$163K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+10.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48251

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$10K

$1382 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.550%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,323

$109,872+77.8%

$98,483+98.3%

$167,536+16.6%

Participation rate

85.7%

75.8%+9.9pp

73.3%+12.4pp

82.1%+3.6pp

Annual return

10.59%

1959.31%-1948.7pp

1494.38%-1483.8pp

478.82%-468.2pp

Employer contribution / active EE

$5,813

$3,225+80.3%

$2,961+96.4%

$4,839+20.1%

Participant deferral / active EE

$8,386

$4,673+79.5%

$4,276+96.1%

$6,342+32.2%

Admin fee / account holder

$1,075

$6,757-84.1%

$5,953-81.9%

$12,315-91.3%

INDEPENDENT LUBRICANT MANUFACTURERS ASSN 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT LUBRICANT MANUFACTURERS ASSN 401(K) P/S 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