Retirement plan

IBSS 401(K) PLAN

Name: INTERNATIONAL BUSINESS SALES & SERVICES CORP. - IBSS 401(K) PLAN (2020) Form 5500
Creator: INTERNATIONAL BUSINESS SALES & SERVICES CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBSS 401(K) PLAN, INTERNATIONAL BUSINESS SALES & SERVICES CORP.

INTERNATIONAL BUSINESS SALES & SERVICES CORP.EIN 52-1765836Plan #001PY 2020

2315 PARKER AVE - SILVER SPRING, MD 209021934240-247-0500LinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow returnsRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$3.7M

+7.1% from 2019

Total participants

148

+19.4% from 2019

Average account balance

$32,298

-13.6% from 2019

Annual return

-9.42%

-17.35 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.97M

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.

282

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.

75.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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
STADION MONEY MANAGEMENT1 year Service code 49 · EIN 45-1564286	Other Services	$8,189
STALKER & ASSOCIATES, INC.1 year Filed as: STALKER & ASSOCIATES, INC Service code 13 · EIN 23-2756743 301 SOUTH STATE STREET · NEWTOWN, PA 18940	Contract Administrator	$1,095

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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$9K

$77 / participant

Contract admin$9K100.0%

% of EOY assets

0.252%

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: OWINGS AND COMPANY PLLC
Auditor EIN: 471066660
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,298

$99,957-67.7%

$149,730-78.4%

$73,493-56.1%

Participation rate

71.9%

75.7%-3.8pp

82.5%-10.6pp

70.7%+1.2pp

Annual return

-9.42%

53.87%-63.3pp

276.70%-286.1pp

28.51%-37.9pp

Employer contribution / active EE

$2,297

$3,191-28.0%

$4,645-50.6%

$2,270+1.2%

Participant deferral / active EE

$4,682

$6,073-22.9%

$6,843-31.6%

$3,740+25.2%

Admin fee / account holder

$81

$551-85.2%

$9,310-99.1%

$513-84.1%

Provider

Service type

Compensation

STADION MONEY MANAGEMENT1 year

Service code 49 · EIN 45-1564286

Other Services

$8,189

STALKER & ASSOCIATES, INC.1 year

Filed as: STALKER & ASSOCIATES, INC

Service code 13 · EIN 23-2756743

301 SOUTH STATE STREET · NEWTOWN, PA 18940

Contract Administrator

$1,095

IBSS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBSS 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