Retirement plan

IT PROGRAM ASSOCIATES EMPLOYEE 401(K) SAVINGS PLAN

Name: IT PROGRAM ASSOCIATES LLC - IT PROGRAM ASSOCIATES EMPLOYEE 401(K) SAVINGS PLAN (2021) Form 5500
Creator: IT PROGRAM ASSOCIATES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IT PROGRAM ASSOCIATES EMPLOYEE 401(K) SAVINGS PLAN, IT PROGRAM ASSOCIATES LLC

IT PROGRAM ASSOCIATES LLCEIN 74-3075983Plan #001PY 2021

3600 DALLAS HWY, STE 230 PMB 157 - MARIETTA, GA 30064770-232-8820

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+25.4% from 2020

Total participants

0.0% from 2020

Average account balance

$121,688

+12.2% from 2020

Annual return

13.24%

-3.30 pp from 2020

Benchmarks

See 103,200 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,200 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$326K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

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

+5.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$221244

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 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

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

$48K

$2845 / participant

Other / not subdivided$48K100.0%

% of EOY assets

2.092%

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

$121,688

$217,427-44.0%

$185,837-34.5%

$167,518-27.4%

Participation rate

88.2%

86.0%+2.2pp

81.7%+6.5pp

82.1%+6.1pp

Annual return

13.24%

148.39%-135.2pp

122.08%-108.8pp

478.71%-465.5pp

Employer contribution / active EE

$5,263

$5,874-10.4%

$5,168+1.8%

$4,838+8.8%

Participant deferral / active EE

$10,806

$6,357+70.0%

$5,568+94.1%

$6,342+70.4%

Admin fee / account holder

$2,545

$19,816-87.2%

$16,241-84.3%

$12,312-79.3%

IT PROGRAM ASSOCIATES EMPLOYEE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IT PROGRAM ASSOCIATES EMPLOYEE 401(K) SAVINGS 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