Retirement plan

INTERNET COMMERCE CORPORATION 401(K) PLAN

Name: INTERNET COMMERCE CORPORATION - INTERNET COMMERCE CORPORATION 401(K) PLAN (2020) Form 5500
Creator: INTERNET COMMERCE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNET COMMERCE CORPORATION 401(K) PLAN, INTERNET COMMERCE CORPORATION

INTERNET COMMERCE CORPORATIONEIN 58-2480517Plan #003PY 2020

3535 ROSWELL ROAD, SUITE 40 - MARIETTA, GA 30062770-321-6561icconline.comLinkedIn51-200 employeesinformation technology and services

Other plans on this EIN

1 filing

#002Retirement-$3.9M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$513K

+20.7% from 2019

Total participants

0.0% from 2019

Average account balance

$256,366

+20.7% from 2019

Annual return

0.39%

-17.21 pp from 2019

Benchmarks

See 9,163 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,163 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.85M

Not enough data

1 years with asset history on file

Average account balance

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

$1.4M

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+6.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$256,366

$115,903+121.2%

$100,528+155.0%

$158,966+61.3%

Participation rate

100.0%

81.6%+18.4pp

79.4%+20.6pp

82.0%+18.0pp

Annual return

0.39%

34.80%-34.4pp

30.90%-30.5pp

302.95%-302.6pp

Employer contribution / active EE

$17,100

$4,105+316.5%

$3,419+400.2%

$4,762+259.1%

Participant deferral / active EE

$26,000

$6,677+289.4%

$6,271+314.6%

$5,983+334.6%

Admin fee / account holder

$11,000-100.0%

$8,084-100.0%

$11,250-100.0%

INTERNET COMMERCE CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

INTERNET COMMERCE CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion