Retirement plan

INDEPENDENT TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN

Name: INDEPENDENT TECHNOLOGIES, LLC - INDEPENDENT TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: INDEPENDENT TECHNOLOGIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN, INDEPENDENT TECHNOLOGIES, LLC

INDEPENDENT TECHNOLOGIES, LLCEIN 47-0685933Plan #002PY 2019

1960 RIDGEVIEW RD - BLAIR, NE 68008402-496-4700independenttech.comLinkedIn1-10 employeescomputer software

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.1M

-10.5% from 2018

Total participants

170

+25.0% from 2018

Average account balance

$46,732

-20.0% from 2018

Annual return

24.23%

+29.40 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.68M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

143

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.

67.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$535K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+20.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 3 by compensation

Provider	Service type	Compensation
SILVERSTONE ASSET MANAGEMENT INC1 year Filed as: SILVERSTONE ASSET MANAGEMENT INC. Service code 27 11516 MIRACLE HILLS DR STE 100 · OMAHA, NE 68154	Advisory (Plan)	$24,907
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$20,515
BENEFIT PLANS ADMIN SERVICES, INC.5+ years Filed as: BENEFIT PLANS, INC. Service code 13 16924 FRANCES STREET - STE 100 · OMAHA, NE 68130	Contract Administrator	$12,820

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$14 / participant

Contract admin$2K100.0%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SEIM JOHNSON, LLP
Auditor EIN: 476097913
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,732

$65,378-28.5%

$87,103-46.3%

$65,186-28.3%

Participation rate

86.6%

75.3%+11.3pp

76.9%+9.7pp

70.2%+16.4pp

Annual return

24.23%

31.28%-7.0pp

28.19%-4.0pp

29.39%-5.2pp

Employer contribution / active EE

$1,280

$1,823-29.8%

$2,521-49.3%

$2,177-41.2%

Participant deferral / active EE

$2,968

$3,389-12.4%

$4,049-26.7%

$3,514-15.5%

Admin fee / account holder

$13

$520-97.5%

$7,491-99.8%

$847-98.5%

Provider

Service type

Compensation

SILVERSTONE ASSET MANAGEMENT INC1 year

Filed as: SILVERSTONE ASSET MANAGEMENT INC.

Service code 27

11516 MIRACLE HILLS DR STE 100 · OMAHA, NE 68154

Advisory (Plan)

$24,907

NATIONWIDE5+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$20,515

BENEFIT PLANS ADMIN SERVICES, INC.5+ years

Filed as: BENEFIT PLANS, INC.

Service code 13

16924 FRANCES STREET - STE 100 · OMAHA, NE 68130

Contract Administrator

$12,820

INDEPENDENT TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT TECHNOLOGIES, LLC 401(K) PROFIT SHARING 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