Retirement plan

IRWIN RESEARCH & DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN

Name: IRWIN RESEARCH & DEVELOPMENT, INC. - IRWIN RESEARCH & DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: IRWIN RESEARCH & DEVELOPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRWIN RESEARCH & DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN, IRWIN RESEARCH & DEVELOPMENT, INC.

IRWIN RESEARCH & DEVELOPMENT, INC.EIN 91-0937053Plan #001PY 2020

1440 N. 16TH AVE. - YAKIMA, WA 98902509-248-0194

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$6.1M

+2.9% from 2019

Total participants

161

-2.4% from 2019

Average account balance

$72,391

+1.6% from 2019

Annual return

4.60%

+1.26 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.25M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

84.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

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

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5978

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ROYAL ALLIANCE ASSOCIATES INC5+ years Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 51 1440 N. 16TH AVENUE · YAKIMA, WA 98902	Investment Mgmt Fees	$7,478
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RTMT PLAN SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$913
BBM FINANCIAL SERVICES, INC1 year Service code 13 1440 N 16TH AVENUE · YAKIMA, WA 98902	Contract Administrator	$400

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

3 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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$51 / participant

Investment mgmt$7K99.6%
Contract admin$310.4%

% 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: ALEGRIA & COMPANY, P.S.
Auditor EIN: 910856953
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,391

$73,638-1.7%

$95,964-24.6%

$73,497-1.5%

Participation rate

47.3%

76.2%-28.9pp

77.1%-29.8pp

70.7%-23.4pp

Annual return

4.60%

16.78%-12.2pp

91.64%-87.0pp

28.51%-23.9pp

Employer contribution / active EE

$1,863-100.0%

$2,541-100.0%

$2,270-100.0%

Participant deferral / active EE

$732

$3,617-79.8%

$4,167-82.4%

$3,740-80.4%

Admin fee / account holder

$89

$482-81.5%

$6,797-98.7%

$513-82.6%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC5+ years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 51

1440 N. 16TH AVENUE · YAKIMA, WA 98902

Investment Mgmt Fees

$7,478

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RTMT PLAN SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$913

BBM FINANCIAL SERVICES, INC1 year

Service code 13

1440 N 16TH AVENUE · YAKIMA, WA 98902

Contract Administrator

$400

IRWIN RESEARCH & DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRWIN RESEARCH & DEVELOPMENT, INC. 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