Retirement plan

IQ SOLUTIONS, INC 401(K) PROFIT SHARING PLAN

Name: IQ SOLUTIONS, INC. - IQ SOLUTIONS, INC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: IQ SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IQ SOLUTIONS, INC 401(K) PROFIT SHARING PLAN, IQ SOLUTIONS, INC.

IQ SOLUTIONS, INC.EIN 52-1840355Plan #001PY 2018

11300 ROCKVILLE PIKE, SUITE 901 - ROCKVILLE, MD 208523046301-984-1471iqsolutions.comLinkedIn201-500 employeespublic relations and communications

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$15.9M

-1.2% from 2017

Total participants

276

-24.0% from 2017

Average account balance

$61,385

+27.5% from 2017

Annual return

-4.86%

-24.63 pp from 2017

Benchmarks

See 865 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort865 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.19M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

304

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$433

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
ACAP ASSET MANAGEMENT, INC.4+ years Service code 27 16133 VENTURA BLVD · ENCINO, CA 91436	Advisory (Plan)	$82,426
THE VANGUARD GROUP, INC.4+ years Service code 15 · EIN 23-1945930	Recordkeeping	$28,089

Plan features & details

Pension benefit codes2S2E3D2G2J2K2F2T

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$111K

$658 / participant

Investment mgmt$82K74.6%
Contract admin$28K25.4%

% of EOY assets

0.695%

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: RUBINO & COMPANY
Auditor EIN: 521186096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,385

$61,214+0.3%

$83,327-26.3%

$56,289+9.1%

Participation rate

89.9%

72.6%+17.3pp

77.8%+12.1pp

69.9%+20.0pp

Annual return

-4.86%

0.42%-5.3pp

10.64%-15.5pp

-9.96%+5.1pp

Employer contribution / active EE

$1,983

$1,925+3.0%

$3,379-41.3%

$2,111-6.1%

Participant deferral / active EE

$6,108

$5,091+20.0%

$5,565+9.8%

$3,350+82.3%

Admin fee / account holder

$427

$512-16.6%

$7,540-94.3%

$521-18.1%

Provider

Service type

Compensation

ACAP ASSET MANAGEMENT, INC.4+ years

Service code 27

16133 VENTURA BLVD · ENCINO, CA 91436

Advisory (Plan)

$82,426

THE VANGUARD GROUP, INC.4+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$28,089

IQ SOLUTIONS, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IQ SOLUTIONS, INC 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