Retirement plan

IRONCLAD 401(K) PLAN

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

IRONCLAD, INC.EIN 47-1693307Plan #001PY 2021

71 STEVENSON ST. #600 - SAN FRANCISCO, CA 94602855-999-4766ironcladapp.comLinkedIn501-1000 employeesinternet

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.2M

+130.7% from 2020

Total participants

398

+80.1% from 2020

Average account balance

$27,158

+22.6% from 2020

Annual return

60.97%

+15.50 pp from 2020

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.16M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

538

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.

77.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+29.98%

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
HUMAN INTEREST ADVISOR LLC2 years Filed as: HUMAN INTEREST ADVISORS LLC Service code 13 · EIN 47-4307706 300 MONTGOMERY STREET, SUITE 350 · SAN FRANCISCO, CA 94101	Contract Administrator	$20,356
LT TRUST COMPANY2 years Service code 15 · EIN 61-1607607 5975 S. QUEBEC, SUITE 330 · CENTENNIAL, CO 80111	Recordkeeping	$5,089

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$25K

$72 / participant

Contract admin$25K100.0%

% of EOY assets

0.311%

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: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,158

$104,336-74.0%

$159,455-83.0%

$86,813-68.7%

Participation rate

72.5%

77.7%-5.2pp

82.8%-10.3pp

72.3%+0.2pp

Annual return

60.97%

26.32%+34.6pp

263.63%-202.7pp

97.93%-37.0pp

Employer contribution / active EE

$3,451-100.0%

$4,830-100.0%

$2,406-100.0%

Participant deferral / active EE

$8,154

$6,837+19.3%

$7,353+10.9%

$4,131+97.4%

Admin fee / account holder

$85

$172-50.9%

$10,800-99.2%

$170-50.1%

Provider

Service type

Compensation

HUMAN INTEREST ADVISOR LLC2 years

Filed as: HUMAN INTEREST ADVISORS LLC

Service code 13 · EIN 47-4307706

300 MONTGOMERY STREET, SUITE 350 · SAN FRANCISCO, CA 94101

Contract Administrator

$20,356

LT TRUST COMPANY2 years

Service code 15 · EIN 61-1607607

5975 S. QUEBEC, SUITE 330 · CENTENNIAL, CO 80111

Recordkeeping

$5,089

IRONCLAD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRONCLAD 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