Retirement plan

INNOVATIVE OFFICE PRODUCTS, LLC. 401(K) PROFIT SHARING PLAN

Name: INNOVATIVE OFFICE PRODUCTS, LLC - INNOVATIVE OFFICE PRODUCTS, LLC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: INNOVATIVE OFFICE PRODUCTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INNOVATIVE OFFICE PRODUCTS, LLC. 401(K) PROFIT SHARING PLAN, INNOVATIVE OFFICE PRODUCTS, LLC

INNOVATIVE OFFICE PRODUCTS, LLCEIN 80-0947636Plan #001PY 2016

100 KUEBLER ROAD - EASTON, PA 18040610-253-9554

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.6M

+8.8% from 2015

Total participants

123

0.0% from 2015

Average account balance

$38,225

+2.5% from 2015

Annual return

5.89%

+4.28 pp from 2015

Benchmarks

See 438 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort438 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.72M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

204

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

$1.58M

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$14,301
LPL FINANCIAL1 year Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$7,343
MID-ATLANTIC PENSION SPECIALISTS2+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103	Contract Administrator	$3,919
MID ATLANTIC CAPITAL CORPORATION1 year Filed as: MID-ATLANTIC PENSION SPECIALITS INC Service code 13	Contract Administrator	$2,965
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL CORPORATION Service code 53 · EIN 95-2834236	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$18K

$170 / participant

Contract admin$18K100.0%

% of EOY assets

0.394%

all-in expense ratio

Categories reported

1 / 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: CAMPBELL, RAPPOLD & YURASITS, LLP
Auditor EIN: 231386942
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,225

$42,772-10.6%

$87,502-56.3%

$55,167-30.7%

Participation rate

98.1%

66.5%+31.6pp

73.8%+24.3pp

69.0%+29.1pp

Annual return

5.89%

21.20%-15.3pp

12.21%-6.3pp

169.23%-163.3pp

Employer contribution / active EE

$1,871

$1,277+46.6%

$2,550-26.6%

$1,963-4.6%

Participant deferral / active EE

$3,707

$2,342+58.3%

$3,149+17.7%

$3,054+21.4%

Admin fee / account holder

$151

$461-67.4%

$4,221-96.4%

$504-70.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$14,301

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$7,343

MID-ATLANTIC PENSION SPECIALISTS2+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103

Contract Administrator

$3,919

MID ATLANTIC CAPITAL CORPORATION1 year

Filed as: MID-ATLANTIC PENSION SPECIALITS INC

Service code 13

Contract Administrator

$2,965

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 53 · EIN 95-2834236

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

INNOVATIVE OFFICE PRODUCTS, LLC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INNOVATIVE OFFICE PRODUCTS, LLC. 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