Retirement plan

ICES, INC. / CONNECTICUT TRANSPORTATION SOLUTIONS, LLC 401(K) PLAN

Name: ICES, INC. - ICES, INC. / CONNECTICUT TRANSPORTATION SOLUTIONS, LLC 401(K) PLAN (2025) Form 5500
Creator: ICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ICES, INC. / CONNECTICUT TRANSPORTATION SOLUTIONS, LLC 401(K) PLAN, ICES, INC.

ICES, INC.EIN 47-0873083Plan #001PY 2025

35 ELM STREET - NAUGATUCK, CT 06770203-723-4133

Prospect flagsLow returnsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$2.7M

+24.5% from 2024

Total participants

414

+8.1% from 2024

Average account balance

$7,394

+17.2% from 2024

Annual return

9.25%

-0.28 pp from 2024

Benchmarks

See 445 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort445 peers

Snapshot2025

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

360

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$562K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$49,380
WELLS THOMAS, LLC3 years Service code 13 · EIN 26-0228640	Contract Administrator	$22,691
THE PATRIOT FINANCIAL GROUP2 years Filed as: THE PATRIOT FINANCIAL GROUP, LLC Service code 27 · EIN 90-0138117	Advisory (Plan)	$9,513

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$72K

$211 / participant

Contract admin$72K100.0%

% of EOY assets

2.708%

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: CAPOSSELA, COHEN, LLC
Auditor EIN: 061415579
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,394

$38,165-80.6%

$189,758-96.1%

$69,255-89.3%

Participation rate

84.2%

66.7%+17.5pp

79.8%+4.4pp

69.0%+15.2pp

Annual return

9.25%

14.65%-5.4pp

52.62%-43.4pp

26.73%-17.5pp

Employer contribution / active EE

$322

$1,589-79.8%

$4,767-93.3%

$2,645-87.8%

Participant deferral / active EE

$1,322

$2,073-36.2%

$5,856-77.4%

$2,890-54.3%

Admin fee / account holder

$200

$714-72.0%

$20,388-99.0%

$733-72.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$49,380

WELLS THOMAS, LLC3 years

Service code 13 · EIN 26-0228640

Contract Administrator

$22,691

THE PATRIOT FINANCIAL GROUP2 years

Filed as: THE PATRIOT FINANCIAL GROUP, LLC

Service code 27 · EIN 90-0138117

Advisory (Plan)

$9,513

ICES, INC. / CONNECTICUT TRANSPORTATION SOLUTIONS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ICES, INC. / CONNECTICUT TRANSPORTATION SOLUTIONS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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