Retirement plan

IWIS-DAIDO, LLC SAFE HARBOR 401(K) PLAN

Name: IWIS-DAIDO, LLC - IWIS-DAIDO, LLC SAFE HARBOR 401(K) PLAN (2024) Form 5500
Creator: IWIS-DAIDO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IWIS-DAIDO, LLC SAFE HARBOR 401(K) PLAN, IWIS-DAIDO, LLC

IWIS-DAIDO, LLCEIN 45-1202560Plan #001PY 2024

3500 NORTH US HWY 641 - MURRAY, KY 42071270-767-6183

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1.7M

+25.8% from 2023

Total participants

173

-11.7% from 2023

Average account balance

$10,598

+27.3% from 2023

Annual return

13.47%

-2.97 pp from 2023

Benchmarks

See 14,172 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,172 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.72M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

162

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.

85.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$253K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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

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 codes2E2F2G2J3D

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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$11K

$138 / participant

Contract admin$11K100.0%

% of EOY assets

0.628%

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: ATA, PC
Auditor EIN: 621110839
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,598

$86,919-87.8%

$102,457-89.7%

$80,911-86.9%

Participation rate

85.9%

72.4%+13.5pp

76.5%+9.4pp

67.6%+18.2pp

Annual return

13.47%

18.90%-5.4pp

29.41%-15.9pp

35.63%-22.2pp

Employer contribution / active EE

$1,301

$2,368-45.1%

$3,022-57.0%

$2,756-52.8%

Participant deferral / active EE

$1,946

$4,119-52.8%

$5,054-61.5%

$4,297-54.7%

Admin fee / account holder

$67

$8,049-99.2%

$9,451-99.3%

$6,935-99.0%

IWIS-DAIDO, LLC SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IWIS-DAIDO, LLC 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