Retirement plan

INSYNERGY ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (PLAN B)

Name: INSYNERGY ENGINEERING, INC. - INSYNERGY ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (PLAN B) (2022) Form 5500
Creator: INSYNERGY ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSYNERGY ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (PLAN B), INSYNERGY ENGINEERING, INC.

INSYNERGY ENGINEERING, INC.EIN 99-0167351Plan #002PY 2022

828 FORT STREET MALL STE 500 - HONOLULU, HI 968134321808-521-3773insynergyeng.comLinkedIn51-200 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$12.2M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$11.2M

No prior year

Total participants

No prior year

Average account balance

$294,727

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 28,007 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,007 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.08M

Not enough data

1 years with asset history on file

Average account balance

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

$322K

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.

120.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$720K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24214

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

See the 4-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$195K

$6082 / participant

Other / not subdivided$195K100.0%

% of EOY assets

1.738%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$294,727

$82,664+256.5%

$125,339+135.1%

$68,494+330.3%

Participation rate

81.3%

75.0%+6.2pp

82.4%-1.1pp

67.9%+13.4pp

Annual return

0.00%

-5.97%+6.0pp

572.05%-572.1pp

-7.84%+7.8pp

Employer contribution / active EE

$18,130

$3,381+436.2%

$4,814+276.6%

$2,596+598.3%

Participant deferral / active EE

$8,675

$6,110+42.0%

$7,446+16.5%

$4,027+115.4%

Admin fee / account holder

$5,122

$6,275-18.4%

$10,010-48.8%

$5,403-5.2%

INSYNERGY ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (PLAN B)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSYNERGY ENGINEERING, INC. 401(K) PROFIT SHARING PLAN (PLAN B)

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