Retirement plan

INTERCAP LENDING 401(K) RETIREMENT PLAN

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

INTERCAP LENDING, INC.EIN 85-0260899Plan #002PY 2024

11781 S. LONE PEAK PKWY #200 - DRAPER, UT 84020385-800-8321intercaplending.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returnsLow assets / participantLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$19.1M

+10.1% from 2023

Total participants

510

+4.1% from 2023

Average account balance

$43,552

+5.5% from 2023

Annual return

11.71%

-6.23 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.08M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

438

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.

77.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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 4 by compensation

Provider	Service type	Compensation
EDWARD JONES3 years Filed as: EDWARD D. JONES & CO., L.P. Service code 28 · EIN 43-0345811	Investment Management	$42,719
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK TRUST COMPANY, LLC Service code 15 · EIN 01-0233346	Recordkeeping	$37,592
UNITED 401(K) PLANS, INC.4+ years Service code 14 · EIN 20-5321813	Plan Administrator	$7,510
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ASSOCIATES INC. Service code 28 · EIN 95-2755361	Investment Management	$3,417

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$101K

$321 / participant

Investment mgmt$4K4.3%
Contract admin$91K90.6%
Other / not subdivided$5K5.1%

% of EOY assets

0.528%

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: JONES SIMKINS LLC
Auditor EIN: 461592906
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,552

$129,227-66.3%

$184,256-76.4%

$77,762-44.0%

Participation rate

77.1%

87.4%-10.3pp

86.8%-9.8pp

70.6%+6.5pp

Annual return

11.71%

33.24%-21.5pp

28.85%-17.1pp

31.27%-19.6pp

Employer contribution / active EE

$1,637

$4,412-62.9%

$6,427-74.5%

$2,728-40.0%

Participant deferral / active EE

$6,530

$7,307-10.6%

$9,133-28.5%

$4,651+40.4%

Admin fee / account holder

$230

$256-10.1%

$13,899-98.3%

$433-46.9%

Provider

Service type

Compensation

EDWARD JONES3 years

Filed as: EDWARD D. JONES & CO., L.P.

Service code 28 · EIN 43-0345811

Investment Management

$42,719

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK TRUST COMPANY, LLC

Service code 15 · EIN 01-0233346

Recordkeeping

$37,592

UNITED 401(K) PLANS, INC.4+ years

Service code 14 · EIN 20-5321813

Plan Administrator

$7,510

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ASSOCIATES INC.

Service code 28 · EIN 95-2755361

Investment Management

$3,417

INTERCAP LENDING 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERCAP LENDING 401(K) 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