Retirement plan

IMS RECYCLING SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: IMS RECYCLING SERVICES, INC. - IMS RECYCLING SERVICES, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: IMS RECYCLING SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMS RECYCLING SERVICES, INC. 401(K) PROFIT SHARING PLAN, IMS RECYCLING SERVICES, INC.

IMS RECYCLING SERVICES, INC.EIN 95-1929832Plan #001PY 2017

2697 MAIN STREET - SAN DIEGO, CA 92113619-321-3320imsrecyclingservices.comLinkedIn501-1000 employeeswholesale

Prospect flagsLow returnsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$10.1M

+14.4% from 2016

Total participants

494

-7.3% from 2016

Average account balance

$22,539

+20.3% from 2016

Annual return

13.33%

+6.44 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.64M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

382

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.81M

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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
SAGEVIEW ADVISORY GROUP, LLC3+ years Filed as: MJM401K, LLC Service code 27 · EIN 86-0882983	Advisory (Plan)	$13,400
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 42-1558009	Securities Custodian	$7,507
TRI-AD ACTUARIES, INC.3+ years Service code 13 · EIN 95-2887986	Contract Administrator	$980
CHARLES SCHWAB & CO., INC.3+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3F

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$58 / participant

Investment mgmt$13K61.2%
Contract admin$9804.5%
Other / not subdivided$8K34.3%

% of EOY assets

0.216%

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: BPM LLP
Auditor EIN: 814234542
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,539

$31,424-28.3%

$81,473-72.3%

$69,631-67.6%

Participation rate

88.4%

50.8%+37.5pp

68.0%+20.4pp

70.7%+17.7pp

Annual return

13.33%

22.44%-9.1pp

38.78%-25.5pp

27571.02%-27557.7pp

Employer contribution / active EE

$1,029-100.0%

$2,568-100.0%

$2,032-100.0%

Participant deferral / active EE

$1,876

$1,838+2.1%

$3,537-46.9%

$3,224-41.8%

Admin fee / account holder

$49

$103-52.6%

$4,561-98.9%

$110-56.0%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC3+ years

Filed as: MJM401K, LLC

Service code 27 · EIN 86-0882983

Advisory (Plan)

$13,400

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 19 · EIN 42-1558009

Securities Custodian

$7,507

TRI-AD ACTUARIES, INC.3+ years

Service code 13 · EIN 95-2887986

Contract Administrator

$980

CHARLES SCHWAB & CO., INC.3+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

IMS RECYCLING SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMS RECYCLING SERVICES, 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