Retirement plan

INNOVAIRRE COMMUNICATIONS RETIREMENT INCOME SAVING

Name: INNOVAIRE HOLDING COMPANY, LLC - INNOVAIRRE COMMUNICATIONS RETIREMENT INCOME SAVING (2017) Form 5500
Creator: INNOVAIRE HOLDING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INNOVAIRRE COMMUNICATIONS RETIREMENT INCOME SAVING, INNOVAIRE HOLDING COMPANY, LLC

INNOVAIRE HOLDING COMPANY, LLCEIN 81-3166551Plan #002PY 2017

2 EXECUTIVE CAMPUS, 2370 RTE 70 WEST STE 200 - CHERRY HILL, NJ 08002856-663-2500

Prospect flagsHigh cashLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$29.4M

+15.2% from 2016

Total participants

1,592

+13.3% from 2016

Average account balance

$48,514

+19.1% from 2016

Annual return

18.76%

+13.03 pp from 2016

Benchmarks

See 384 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort384 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.82M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

708

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$23,005
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 36-4494062	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Service code 52 · EIN 95-4625304	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY WEALTH MANAGEMENT Service code 27 · EIN 26-4310632	Advisory (Plan)	$0
NORTHERN FUNDS1 year Service code 52 · EIN 39-1777365	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 13-5657518	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$68K

$48 / participant

Investment mgmt$45K66.2%
Contract admin$23K33.8%

% of EOY assets

0.231%

all-in expense ratio

Categories reported

2 / 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: BAKER NEWMAN NOYES
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,514

$90,410-46.3%

$91,004-46.7%

$77,958-37.8%

Participation rate

30.8%

86.4%-55.6pp

75.6%-44.8pp

71.6%-40.9pp

Annual return

18.76%

21.34%-2.6pp

4.60%+14.2pp

20.87%-2.1pp

Employer contribution / active EE

$139

$3,392-95.9%

$2,456-94.3%

$2,310-94.0%

Participant deferral / active EE

$955

$4,816-80.2%

$3,548-73.1%

$3,537-73.0%

Admin fee / account holder

$112

$79+41.9%

$5,417-97.9%

$97+15.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$23,005

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 56-0906609

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 36-4494062

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Service code 52 · EIN 95-4625304

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY WEALTH MANAGEMENT

Service code 27 · EIN 26-4310632

Advisory (Plan)

NORTHERN FUNDS1 year

Service code 52 · EIN 39-1777365

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 13-5657518

Indirect Investment Fees

INNOVAIRRE COMMUNICATIONS RETIREMENT INCOME SAVING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INNOVAIRRE COMMUNICATIONS RETIREMENT INCOME SAVING

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