Retirement plan

EMPLOYEES' PS PLAN AND TRUST AGREEMENT OF INDUSTRIES OF THE BLIND, INC

Name: INDUSTRIES OF THE BLIND, INC. - EMPLOYEES' PS PLAN AND TRUST AGREEMENT OF INDUSTRIES OF THE BLIND, INC (2016) Form 5500
Creator: INDUSTRIES OF THE BLIND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES' PS PLAN AND TRUST AGREEMENT OF INDUSTRIES OF THE BLIND, INC, INDUSTRIES OF THE BLIND, INC.

INDUSTRIES OF THE BLIND, INC.EIN 56-0532308Plan #002PY 2016

920 W. GATE CITY BLVD - GREENSBORO, NC 27403336-274-1591industriesoftheblind.comLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

No prior year

Total participants

241

No prior year

Average account balance

$15,762

No prior year

Annual return

8.03%

No prior year

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.41M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

270

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$794K

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

+21.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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 1 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.1+ years Filed as: BBANDT Service code 21 · EIN 56-1368984	Bank Trustee	$28,916

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$29K

$130 / participant

Other / not subdivided$29K100.0%

% of EOY assets

0.827%

all-in expense ratio

Categories reported

0 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,762

$43,423-63.7%

$78,676-80.0%

$55,167-71.4%

Participation rate

91.4%

68.0%+23.4pp

73.6%+17.9pp

69.0%+22.5pp

Annual return

8.03%

11.53%-3.5pp

62.19%-54.2pp

169.23%-161.2pp

Employer contribution / active EE

$928

$1,997-53.5%

$2,850-67.4%

$1,963-52.7%

Participant deferral / active EE

$1,303

$2,509-48.1%

$3,517-62.9%

$3,054-57.3%

Admin fee / account holder

$130

$416-68.7%

$4,510-97.1%

$504-74.1%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.1+ years

Filed as: BBANDT

Service code 21 · EIN 56-1368984

Bank Trustee

$28,916

EMPLOYEES' PS PLAN AND TRUST AGREEMENT OF INDUSTRIES OF THE BLIND, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES' PS PLAN AND TRUST AGREEMENT OF INDUSTRIES OF THE BLIND, INC

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