Retirement plan

INNERFACE 401(K) RETIREMENT PLAN

Name: INNERFACE ARCHITECTURAL SIGNAGE - INNERFACE 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: INNERFACE ARCHITECTURAL SIGNAGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INNERFACE 401(K) RETIREMENT PLAN, INNERFACE ARCHITECTURAL SIGNAGE

INNERFACE ARCHITECTURAL SIGNAGEEIN 58-1131468Plan #001PY 2022

5849 PEACHTREE ROAD NE - ATLANTA, GA 30341770-921-5566innerfacesign.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$12.5M

-17.2% from 2021

Total participants

130

+4.8% from 2021

Average account balance

$116,382

-20.3% from 2021

Annual return

-15.29%

-28.02 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.15M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

109

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$581K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$401

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850	Float revenue; Recordkeeping fees	$65,382
AMERICAN FUNDS6 years Filed as: ATLANTA CAPITAL GROUP Service code 27 · EIN 22-3857582	Advisory (Plan)	$27,554
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$11,875
ACG ADVISORY SERVICES1 year Filed as: ACG WEALTH INC Service code 27 3333 PIEDMONT RD NE STE 2010 · ATLANTA, GA 30305	Advisory (Plan)	$5,136

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$75K

$696 / participant

Investment mgmt$67K88.9%
Contract admin$6K8.4%
Other / not subdivided$2K2.8%

% of EOY assets

0.604%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRADY, WARE & SCHOENFELD, INC
Auditor EIN: 355147602
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,382

$65,453+77.8%

$86,691+34.3%

$66,930+73.9%

Participation rate

78.7%

75.5%+3.2pp

76.6%+2.1pp

69.8%+8.9pp

Annual return

-15.29%

-10.89%-4.4pp

35.94%-51.2pp

1.57%-16.9pp

Employer contribution / active EE

$665

$2,154-69.1%

$2,837-76.6%

$2,545-73.9%

Participant deferral / active EE

$4,642

$4,102+13.2%

$4,656-0.3%

$4,238+9.5%

Admin fee / account holder

$703

$642+9.5%

$7,492-90.6%

$593+18.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 62 · EIN 04-1590850

Float revenue; Recordkeeping fees

$65,382

AMERICAN FUNDS6 years

Filed as: ATLANTA CAPITAL GROUP

Service code 27 · EIN 22-3857582

Advisory (Plan)

$27,554

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$11,875

ACG ADVISORY SERVICES1 year

Filed as: ACG WEALTH INC

Service code 27

3333 PIEDMONT RD NE STE 2010 · ATLANTA, GA 30305

Advisory (Plan)

$5,136

INNERFACE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INNERFACE 401(K) RETIREMENT 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