Retirement plan

INSPIRE BRANDS, INC. 401K RETIREMENT PLAN

Name: IRB HOLDING CORPORATION - INSPIRE BRANDS, INC. 401K RETIREMENT PLAN (2024) Form 5500
Creator: IRB HOLDING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSPIRE BRANDS, INC. 401K RETIREMENT PLAN, IRB HOLDING CORPORATION

IRB HOLDING CORPORATIONEIN 82-3952653Plan #005PY 2024

THREE GLENLAKE PARKWAY NE - ATLANTA, GA 30328678-514-4559

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$596.4M

+6.1% from 2023

Total participants

43,661

-7.8% from 2023

Average account balance

-100.0% from 2023

Annual return

15.63%

-3.18 pp from 2023

Benchmarks

See 50 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants>=10,000

Cohort50 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$596.43M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 5 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC4+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$479,626
FINANCIAL ENGINES1 year Filed as: EDELMAN FINANCIAL ENGINES Service code 26 1050 ENTERPRISE WAY · SUNNYVALE, CA 94089	Advisory (Participants)	$134,131
CURCIO WEBB1 year Filed as: CURCIO WEBB, LLC Service code 16 610 16TH STREET · OAKLAND, CA 94612	Consulting	$71,000
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SERVICE ADV Service code 16 11 WEST 23RD STREET · PANAMA CITY, FL 32405	Consulting	$29,918
WARREN AVERETT, LLC1 year Filed as: WARREN AVERETT LLC Service code 10 2500 ACTON RD · BIRMINGHAM, AL 35243	Accounting	$17,050

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$732K

$17 / participant

Recordkeeping$480K65.5%
Investment mgmt$179K24.5%
Other / not subdivided$73K10.0%

% of EOY assets

0.123%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT CPAS AND ADVISORS
Auditor EIN: 454084437
Audit fees: $17,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,385-100.0%

$56,054-100.0%

$106,408-100.0%

Participation rate

0.0%

33.2%-33.2pp

52.5%-52.5pp

69.9%-69.9pp

Annual return

15.63%

17.29%-1.7pp

1705.95%-1690.3pp

17.37%-1.7pp

Employer contribution / active EE

$478

$623-23.3%

$1,039-54.0%

$3,361-85.8%

Participant deferral / active EE

$923

$1,440-35.9%

$1,952-52.7%

$5,567-83.4%

Admin fee / account holder

$78-100.0%

$2,822-100.0%

$79-100.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC4+ years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$479,626

FINANCIAL ENGINES1 year

Filed as: EDELMAN FINANCIAL ENGINES

Service code 26

1050 ENTERPRISE WAY · SUNNYVALE, CA 94089

Advisory (Participants)

$134,131

CURCIO WEBB1 year

Filed as: CURCIO WEBB, LLC

Service code 16

610 16TH STREET · OAKLAND, CA 94612

Consulting

$71,000

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SERVICE ADV

Service code 16

11 WEST 23RD STREET · PANAMA CITY, FL 32405

Consulting

$29,918

WARREN AVERETT, LLC1 year

Filed as: WARREN AVERETT LLC

Service code 10

2500 ACTON RD · BIRMINGHAM, AL 35243

Accounting

$17,050

INSPIRE BRANDS, INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSPIRE BRANDS, INC. 401K RETIREMENT 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