Retirement plan

INSTITUTE FOR MEDICAL RESEARCH, INC. 403(B) TAX DEFERRED ANNUITY PLAN

Name: INSTITUTE FOR MEDICAL RESEARCH, INC. - INSTITUTE FOR MEDICAL RESEARCH, INC. 403(B) TAX DEFERRED ANNUITY PLAN (2016) Form 5500
Creator: INSTITUTE FOR MEDICAL RESEARCH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSTITUTE FOR MEDICAL RESEARCH, INC. 403(B) TAX DEFERRED ANNUITY PLAN, INSTITUTE FOR MEDICAL RESEARCH, INC.

INSTITUTE FOR MEDICAL RESEARCH, INC.EIN 56-1655431Plan #001PY 2016

508 FULTON STREET VAMC 151 - DURHAM, NC 277053875919-286-0411imr.orgLinkedIn51-200 employeesresearch

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$952K

+21.4% from 2015

Total participants

+5.1% from 2015

Average account balance

$45,344

+4.0% from 2015

Annual return

7.18%

+8.25 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.93M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

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.

31.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$580K

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

+14.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4273

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2M2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$450

$13 / participant

Other / not subdivided$450100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,344

$76,551-40.8%

$123,894-63.4%

$62,881-27.9%

Participation rate

41.2%

73.0%-31.8pp

81.4%-40.2pp

69.3%-28.1pp

Annual return

7.18%

18.68%-11.5pp

47.52%-40.3pp

20.14%-13.0pp

Employer contribution / active EE

$1,201

$2,882-58.3%

$4,617-74.0%

$2,281-47.3%

Participant deferral / active EE

$2,078

$4,840-57.1%

$5,984-65.3%

$3,203-35.1%

Admin fee / account holder

$21

$4,826-99.6%

$8,357-99.7%

$4,296-99.5%

INSTITUTE FOR MEDICAL RESEARCH, INC. 403(B) TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSTITUTE FOR MEDICAL RESEARCH, INC. 403(B) TAX DEFERRED ANNUITY 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