Retirement plan

IBRI 401(K) PLAN

Name: INDIANA BIOSCIENCES RESEARCH INSTITUTE, INC. - IBRI 401(K) PLAN (2021) Form 5500
Creator: INDIANA BIOSCIENCES RESEARCH INSTITUTE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBRI 401(K) PLAN, INDIANA BIOSCIENCES RESEARCH INSTITUTE, INC.

INDIANA BIOSCIENCES RESEARCH INSTITUTE, INC.EIN 46-2882271Plan #001PY 2021

1210 WATERWAY BLVD, SUITE 2000 - INDIANAPOLIS, IN 46202317-983-3350indianabiosciences.orgLinkedIn51-200 employeesresearch

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed November 18, 2016

Plan administrator

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1345 W. 16th Strett, Suite 300

Indianapolis State: IN Zip Code: 46202

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Plans declared (1)

IBRI 457(b) Plan4 emp

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Total assets (EOY)

$5.2M

+23.2% from 2020

Total participants

+19.6% from 2020

Average account balance

$95,694

+9.5% from 2020

Annual return

13.80%

-0.44 pp from 2020

Benchmarks

See 27,004 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,004 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.31M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

127.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25010

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

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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

$129K

$3786 / participant

Other / not subdivided$129K100.0%

% of EOY assets

2.491%

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

$95,694

$105,200-9.0%

$159,474-40.0%

$85,847+11.5%

Participation rate

79.4%

75.8%+3.6pp

82.8%-3.4pp

69.3%+10.1pp

Annual return

13.80%

45.08%-31.3pp

263.68%-249.9pp

318.61%-304.8pp

Employer contribution / active EE

$5,684

$3,319+71.3%

$4,831+17.7%

$2,565+121.6%

Participant deferral / active EE

$9,730

$5,946+63.6%

$7,353+32.3%

$3,952+146.2%

Admin fee / account holder

$2,384

$6,934-65.6%

$10,802-77.9%

$6,261-61.9%

IBRI 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBRI 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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