Retirement plan

IRA PLAN PARTNERS LLC 401(K) PLAN

Name: IRA PLAN PARTNERS, LLC - IRA PLAN PARTNERS LLC 401(K) PLAN (2021) Form 5500
Creator: IRA PLAN PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRA PLAN PARTNERS LLC 401(K) PLAN, IRA PLAN PARTNERS, LLC

IRA PLAN PARTNERS, LLCdba IPLANGROUPEIN 46-4246162Plan #001PY 2021

28011 CLEMENS RD STE B - WESTLAKE, OH 441451139440-484-5566

Other plans on this EIN

1 filing

#003Retirement-$1.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$178K

+41.9% from 2020

Total participants

-20.0% from 2020

Average account balance

$44,532

+77.4% from 2020

Annual return

10.49%

-9.29 pp from 2020

Benchmarks

See 33,463 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort33,463 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$390K

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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

$68K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6214

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$6K

$1492 / participant

Other / not subdivided$6K100.0%

% of EOY assets

3.350%

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

$44,532

$209,888-78.8%

$189,545-76.5%

$167,553-73.4%

Participation rate

100.0%

88.7%+11.3pp

87.8%+12.2pp

82.1%+17.9pp

Annual return

10.49%

748.66%-738.2pp

555.36%-544.9pp

478.89%-468.4pp

Employer contribution / active EE

$2,626

$6,915-62.0%

$6,162-57.4%

$4,840-45.7%

Participant deferral / active EE

$7,851

$8,934-12.1%

$8,220-4.5%

$6,343+23.8%

Admin fee / account holder

$1,492

$14,300-89.6%

$12,049-87.6%

$12,316-87.9%

IRA PLAN PARTNERS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRA PLAN PARTNERS LLC 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