Retirement plan

ISTI PLANT SERVICES 401(K) RETIREMENT PLAN

Name: INSULATION SPECIALISTS OF TULSA INC - ISTI PLANT SERVICES 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: INSULATION SPECIALISTS OF TULSA INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ISTI PLANT SERVICES 401(K) RETIREMENT PLAN, INSULATION SPECIALISTS OF TULSA INC

INSULATION SPECIALISTS OF TULSA INCEIN 73-1513570Plan #001PY 2023

7050 S. YALE AVE. - TULSA, OK 74134918-234-1097istiplantservices.comLinkedIn1-10 employeesoil & energy

Prospect flagsLow participationLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$11.5M

+27.2% from 2022

Total participants

899

+24.2% from 2022

Average account balance

$40,054

No prior year

Annual return

20.15%

+38.00 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.19M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

293

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.

21.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT MGMT Service code 26 · EIN 36-4317381	Advisory (Participants)	$3,341
VOYA RETIREMENT INSURANCE & ANNUITY5+ years Filed as: VOYA RET INS AND ANN CO Service code 26 · EIN 71-0294708 P O BOX 990067 · HARTFORD, CT 061990067	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$11K

$14 / participant

Contract admin$11K100.0%

% of EOY assets

0.098%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,054

$93,010-56.9%

$96,515-58.5%

$74,460-46.2%

Participation rate

23.0%

71.6%-48.5pp

74.3%-51.3pp

70.7%-47.7pp

Annual return

20.15%

37.50%-17.3pp

35.73%-15.6pp

34.38%-14.2pp

Employer contribution / active EE

$787

$3,427-77.0%

$3,740-79.0%

$2,638-70.2%

Participant deferral / active EE

$1,480

$3,971-62.7%

$4,880-69.7%

$4,530-67.3%

Admin fee / account holder

$39

$633-93.8%

$6,735-99.4%

$348-88.7%

Provider

Service type

Compensation

MORNINGSTAR4 years

Filed as: MORNINGSTAR INVESTMENT MGMT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$3,341

VOYA RETIREMENT INSURANCE & ANNUITY5+ years

Filed as: VOYA RET INS AND ANN CO

Service code 26 · EIN 71-0294708

P O BOX 990067 · HARTFORD, CT 061990067

Advisory (Participants)

ISTI PLANT SERVICES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ISTI PLANT SERVICES 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