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 (2017) 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 2017

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.2M

+11.8% from 2016

Total participants

152

+23.6% from 2016

Average account balance

$35,900

-6.1% from 2016

Annual return

18.11%

+12.23 pp from 2016

Benchmarks

See 420 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort420 peers

Snapshot2017

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$15,300
LPL FINANCIAL2 years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$12,067
MID-ATLANTIC PENSION SPECIALISTS3+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103	Contract Administrator	$6,245
MID-ATLANTIC PENSION SPECIALISTS1 year Filed as: MID-ATLANTIC PENSION SPECIALISTS, I Service code 13	Contract Administrator	$3,444
AMERICAN FUNDS1 year Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 95-2513084	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 13-3867060	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52 · EIN 56-2294396	Indirect Investment 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

$22K

$155 / participant

Contract admin$15K71.0%
Other / not subdivided$6K29.0%

% of EOY assets

0.417%

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

$35,900

$47,448-24.3%

$94,993-62.2%

$62,293-42.4%

Participation rate

94.2%

66.5%+27.7pp

73.9%+20.4pp

69.5%+24.7pp

Annual return

18.11%

22.64%-4.5pp

27.14%-9.0pp

28.90%-10.8pp

Employer contribution / active EE

$1,809

$1,300+39.1%

$2,603-30.5%

$2,042-11.4%

Participant deferral / active EE

$3,594

$2,375+51.3%

$3,317+8.3%

$3,169+13.4%

Admin fee / account holder

$150

$434-65.6%

$4,960-97.0%

$479-68.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$15,300

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$12,067

MID-ATLANTIC PENSION SPECIALISTS3+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103

Contract Administrator

$6,245

MID-ATLANTIC PENSION SPECIALISTS1 year

Filed as: MID-ATLANTIC PENSION SPECIALISTS, I

Service code 13

Contract Administrator

$3,444

AMERICAN FUNDS1 year

Service code 52 · EIN 94-6050854

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 95-2513084

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3158862

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 13-3867060

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52 · EIN 56-2294396

Indirect Investment 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