Retirement plan

INFINITY COMMUNICATIONS 401(K) PLAN

Name: INFINITY COMMUNICATIONS, LLC - INFINITY COMMUNICATIONS 401(K) PLAN (2023) Form 5500
Creator: INFINITY COMMUNICATIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFINITY COMMUNICATIONS 401(K) PLAN, INFINITY COMMUNICATIONS, LLC

INFINITY COMMUNICATIONS, LLCEIN 45-5449078Plan #001PY 2023

5201 INTERNATIONAL DR - DURHAM, NC 27712919-797-2334infinitycommgroup.netLinkedIn51-200 employeestelecommunications

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+52.3% from 2022

Total participants

154

+0.7% from 2022

Average account balance

$27,412

+40.2% from 2022

Annual return

18.27%

+32.58 pp from 2022

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.35M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

134

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.

79.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$789K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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
NATIONWIDE1 year Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$41,906
MY BENEFITS, LLC1 year Filed as: PB&H BENEFITS Service code 10 · EIN 74-1130599 401 W HWY 6 · WACO, TX 76710	Accounting	$2,246
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INSURANCE AGENCY, LLC Service code 22 PO BOX 9500 · SPRINGFIELD, MA 01102	Insurance Broker	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTOR SERVICES, LLC Service code 26 PO BOX 9500 · SPRINGFIELD, MA 01102	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PATTILLO, BROWN & HILL, LLP
Auditor EIN: 741130599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,412

$58,292-53.0%

$86,640-68.4%

$71,511-61.7%

Participation rate

77.2%

65.0%+12.2pp

71.7%+5.5pp

67.9%+9.3pp

Annual return

18.27%

21.63%-3.4pp

592.52%-574.2pp

28.86%-10.6pp

Employer contribution / active EE

$2,495

$2,574-3.1%

$3,024-17.5%

$2,589-3.6%

Participant deferral / active EE

$4,502

$3,438+31.0%

$4,438+1.4%

$4,291+4.9%

Admin fee / account holder

$1,057-100.0%

$5,616-100.0%

$1,588-100.0%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$41,906

MY BENEFITS, LLC1 year

Filed as: PB&H BENEFITS

Service code 10 · EIN 74-1130599

401 W HWY 6 · WACO, TX 76710

Accounting

$2,246

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INSURANCE AGENCY, LLC

Service code 22

PO BOX 9500 · SPRINGFIELD, MA 01102

Insurance Broker

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTOR SERVICES, LLC

Service code 26

PO BOX 9500 · SPRINGFIELD, MA 01102

Advisory (Participants)

INFINITY COMMUNICATIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

INFINITY COMMUNICATIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion