Retirement plan

INDOTRONIX INTERNATIONAL CORPORATION 401(K) PLAN

Name: INDOTRONIX INTERNATIONAL CORPORATION - INDOTRONIX INTERNATIONAL CORPORATION 401(K) PLAN (2017) Form 5500
Creator: INDOTRONIX INTERNATIONAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDOTRONIX INTERNATIONAL CORPORATION 401(K) PLAN, INDOTRONIX INTERNATIONAL CORPORATION

INDOTRONIX INTERNATIONAL CORPORATIONEIN 52-1464254Plan #001PY 2017

687 LEE RD - ROCHESTER, NY 14606845-473-1137LinkedIn1001-5000 employeesstaffing and recruiting

Prospect flagsLow returnsLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.2M

-5.0% from 2016

Total participants

259

+12.6% from 2016

Average account balance

$43,984

+7.3% from 2016

Annual return

10.85%

+0.17 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.42M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

480

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.

23.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.10M

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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 6 by compensation

Provider	Service type	Compensation
STIFEL NICOLAUS & CO INC3+ years Service code 55 501 N BROADWAY · ST. LOUIS, MT 63102	Other Commissions	$16,746
DANZIGER & MARKHOFF LLP3+ years Filed as: DANZIGER AND MARKHOFF LLP Service code 13 1133 WESTCHESTER AVE. · WHITE PLAINS, NY 10604	Contract Administrator	$14,737
VANACORE DEBENEDICTUS2 years Filed as: VANACORE, DEBENEDICTUS, DIGIOVANNI Service code 10 11 RACQUET RD · NEWBURGH, NY 12550	Accounting	$12,500
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,240
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$289
TD AMERITRADE, INC.2 years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$7

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: VANACONE, DEBENEDICTUS, DIGIOVANNI
Auditor EIN: 141604297
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,984

$80,753-45.5%

$136,298-67.7%

$62,293-29.4%

Participation rate

85.4%

73.5%+11.9pp

81.9%+3.5pp

69.5%+15.9pp

Annual return

10.85%

35.83%-25.0pp

5156.27%-5145.4pp

28.90%-18.0pp

Employer contribution / active EE

$2,884-100.0%

$4,696-100.0%

$2,042-100.0%

Participant deferral / active EE

$1,496

$5,164-71.0%

$6,247-76.1%

$3,169-52.8%

Admin fee / account holder

-$1

$525-100.1%

$9,244-100.0%

$479-100.2%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC3+ years

Service code 55

501 N BROADWAY · ST. LOUIS, MT 63102

Other Commissions

$16,746

DANZIGER & MARKHOFF LLP3+ years

Filed as: DANZIGER AND MARKHOFF LLP

Service code 13

1133 WESTCHESTER AVE. · WHITE PLAINS, NY 10604

Contract Administrator

$14,737

VANACORE DEBENEDICTUS2 years

Filed as: VANACORE, DEBENEDICTUS, DIGIOVANNI

Service code 10

11 RACQUET RD · NEWBURGH, NY 12550

Accounting

$12,500

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,240

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$289

TD AMERITRADE, INC.2 years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

INDOTRONIX INTERNATIONAL CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDOTRONIX INTERNATIONAL CORPORATION 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