Retirement plan

INDEPENDENT NEWSMEDIA INC. USA 401(K) PROFIT SHARING PLAN

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

INDEPENDENT NEWSMEDIA INC. USAEIN 51-0072172Plan #001PY 2019

110 GALAXY DRIVE - DOVER, DE 19901800-426-4192iniusa.orgLinkedIn201-500 employeesnewspapers

Prospect flagsLow returnsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$6.2M

+8.0% from 2018

Total participants

167

-23.4% from 2018

Average account balance

$44,078

-0.5% from 2018

Annual return

6.71%

-6.35 pp from 2018

Benchmarks

See 905 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort905 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.34M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

163

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$456K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392	Contract Administrator	$13,272
NFP RETIREMENT INC2 years Filed as: NFP CORPORATE SERVICES (PA) Service code 14 · EIN 13-4096969 2600 KELLY ROAD · WARRINGTON, PA 18976	Plan Administrator	$7,500
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 13 · EIN 01-0233346 1 WINTHROP SQUARE · BOSTON, MA 02110	Contract Administrator	$40

Plan features & details

Pension benefit codes2E2J2K2G3D

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.

Expense breakdown

Schedule H Part II

Admin total

$21K

$137 / participant

Investment mgmt$4K20.3%
Contract admin$17K79.7%

% of EOY assets

0.347%

all-in expense ratio

Categories reported

2 / 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: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,078

$58,655-24.9%

$91,994-52.1%

$65,185-32.4%

Participation rate

82.8%

75.3%+7.5pp

78.6%+4.2pp

70.2%+12.6pp

Annual return

6.71%

33.92%-27.2pp

69.04%-62.3pp

29.38%-22.7pp

Employer contribution / active EE

$279

$2,080-86.6%

$3,453-91.9%

$2,177-87.2%

Participant deferral / active EE

$1,728

$5,474-68.4%

$5,924-70.8%

$3,514-50.8%

Admin fee / account holder

$153

$434-64.7%

$7,744-98.0%

$847-81.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

711 HIGH STREET · DES MOINES, IA 50392

Contract Administrator

$13,272

NFP RETIREMENT INC2 years

Filed as: NFP CORPORATE SERVICES (PA)

Service code 14 · EIN 13-4096969

2600 KELLY ROAD · WARRINGTON, PA 18976

Plan Administrator

$7,500

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 13 · EIN 01-0233346

1 WINTHROP SQUARE · BOSTON, MA 02110

Contract Administrator

$40

INDEPENDENT NEWSMEDIA INC. USA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT NEWSMEDIA INC. USA 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