Retirement plan

INTERCITY INVESTMENTS, INC. 401(K) PROFIT SHARING PLAN

Name: INTERCITY INVESTMENTS, INC. - INTERCITY INVESTMENTS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: INTERCITY INVESTMENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERCITY INVESTMENTS, INC. 401(K) PROFIT SHARING PLAN, INTERCITY INVESTMENTS, INC.

INTERCITY INVESTMENTS, INC.EIN 75-1795567Plan #001PY 2020

4301 WESTSIDE DRIVE, SUITE 100 - DALLAS, TX 752096570214-520-2565intercityinvestments.comLinkedIn11-50 employeesreal estate

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$12.6M

-2.0% from 2019

Total participants

144

-10.6% from 2019

Average account balance

$118,569

+12.8% from 2019

Annual return

9.73%

-6.40 pp from 2019

Benchmarks

See 1,006 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.31M

Not enough data

1 years with asset history on file

Average account balance

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

$211K

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.

67.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$648K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6213

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRIME CAPITAL INVESTMENT ADVISORS4 years Service code 27 · EIN 82-1364595	Advisory (Plan)	$24,795
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$15,004
LOR K. ORTA, P.C.2 years Service code 10 · EIN 20-1196661	Accounting	$7,875

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

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.

Opportunity flags

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$49K

$381 / participant

Other / not subdivided$49K100.0%

% of EOY assets

0.391%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LORI K. ORTA, P.C.
Auditor EIN: 201196661
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,569

$62,132+90.8%

$185,827-36.2%

$73,493+61.3%

Participation rate

70.5%

67.8%+2.7pp

78.0%-7.5pp

70.7%-0.1pp

Annual return

9.73%

20.44%-10.7pp

35.96%-26.2pp

28.51%-18.8pp

Employer contribution / active EE

$2,381

$1,681+41.6%

$4,087-41.7%

$2,270+4.9%

Participant deferral / active EE

$4,762

$3,711+28.3%

$5,633-15.5%

$3,740+27.3%

Admin fee / account holder

$463

$419+10.6%

$9,502-95.1%

$513-9.7%

Provider

Service type

Compensation

PRIME CAPITAL INVESTMENT ADVISORS4 years

Service code 27 · EIN 82-1364595

Advisory (Plan)

$24,795

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$15,004

LOR K. ORTA, P.C.2 years

Service code 10 · EIN 20-1196661

Accounting

$7,875

INTERCITY INVESTMENTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERCITY INVESTMENTS, INC. 401(K) PROFIT SHARING 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