Plans » Benchmarking Engine
Benchmarking Ionbond LLC Savings Incentive Plan in Madison Heights, MI against
ambivalent (1)
bad (4)
Of the 42 plans whose industry group is Coating, Engraving, Heat Treating, and Allied Activities, only Ionbond LLC Savings Incentive Plan in Madison Heights, MI is higher than the overall administrative medians in each of investment advisory and management fees, other administrative expenses, and total administrative expense ratio. Nationwide there are 1,625 plans that display this last "is higher than" condition.
Ionbond LLC Savings Incentive Plan has these standings among those 42 peer plans plus nationwide comparisons:
Ionbond LLC Savings Incentive Plan has these standings among those 42 peer plans plus nationwide comparisons:
- professional fees = $0 (the lowest, tied)
the nationwide median is $0 - contract administrator fees = $0 (the lowest, tied)
the nationwide median is $0 - investment advisory and management fees = $40,000 (2nd-highest)
the nationwide median is $0 - other administrative expenses = $10,950 (9th-highest)
the nationwide median is $0 - total administrative expenses = $50,950 (17th-highest)
the nationwide median is $51,442 - total administrative expense ratio = 0.270% (17th-highest, tied)
the nationwide median is 0.260%
unlike Paulo Products Company 401(K) Plan in St. Louis, MO, Tnemec Company, Inc. 401(K) Savings Plan in North Kansas City, MO, Employees Savings and Investment Plan of Materials Processing Inc. in Indianapolis, IN, and Solar Atmospheres Inc. 401k Profit Sharing Plan in Souderton, PA, and 37 others.
- are higher than the overall administrative medians in. Smaller sets are better. (1) The median nationwide value of professional fees is $0.00, so worse is above that. From Line 2i(1), Schedule H. Includes the total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) by the plan for outside accounting, actuarial, legal, and valuation/appraisal services. Includes fees for the annual audit of the plan by an independent qualified public accountant (IQPA); for payroll audits; for accounting/bookkeeping services; for actuarial services rendered to the plan; and to a lawyer for rendering legal opinions, litigation, and advice (but not for providing legal services as a benefit to plan participants). Reports fees and expenses for corporate trustees and individual plan trustees, including reimbursement of expenses associated with trustees, such as lost time, seminars, travel, meetings, etc. Includes the fee(s) for valuations or appraisals to determine the cost, quality, or value of an item such as real property, personal property (gemstones, coins, etc.), and for valuations of closely held securities for which there is no ready market. Does not include amounts paid to plan employees to perform bookkeeping/accounting functions that should be included in line 2i(4). A missing entry from the Schedule H is here assigned a value of $0. (2) The median nationwide value of contract administrator fees is $0.00, so worse is above that. From Line 2i(2), Schedule H. The total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) to a contract administrator for performing administrative services for the plan. For purposes of the return/report, a contract administrator is any individual, partnership, or corporation, responsible for managing the clerical operations (e.g., handling membership rosters, claims payments, maintaining books and records) of the plan on a contractual basis. Does not include salaried staff or employees of the plan or banks or insurance carriers. A missing entry from the Schedule H is here assigned a value of $0. (3) The median nationwide value of investment advisory and management fees is $0.00, so worse is above that. From Line 2i(3), Schedule H. The total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) to an individual, partnership or corporation (or other person) for advice to the plan relating to its investment portfolio. These may include fees paid to manage the plan’s investments, fees for specific advice on a particular investment, and fees for the evaluation for the plan’s investment performance. A missing entry from the Schedule H is here assigned a value of $0. (4) The median nationwide value of other administrative expenses is $0.00, so worse is above that. From Line 2i(4), Schedule H. Other expenses are those that cannot be included in 2i(1) through 2i(3). These may include plan expenditures such as salaries and other compensation and allowances (e.g., payment of premiums to provide health insurance benefits to plan employees), expenses for office supplies and equipment, cars, telephone, postage, rent, expenses associated with the ownership of a building used in the operation of the plan, and all miscellaneous expenses. Includes premium payments to the PBGC when paid from plan assets. A missing entry from the Schedule H is here assigned a value of $0. (5) The median nationwide value of total administrative expenses is $51,442, so worse is above that. From Line 2i(5), Schedule H. A missing entry from the Schedule H is here assigned a value of $0. Note that total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses. (6) The median nationwide value of total administrative expense ratio is 0.260%, so worse is above that. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/A. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Ionbond LLC Savings Incentive Plan in Madison Heights, MI is in Michigan, its EIN is 223322481, its industry group is Coating, Engraving, Heat Treating, and Allied Activities, its plan administrator is Angie Gamage, is covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 332810, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and yield on beginning-of-plan-year total assets (4 total), is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of investment advisory and management fees, other administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($18,813,246)
- net assets (assets minus liabilities) ($18.80M)
- total assets at beginning of plan year ($17,456,474)
- value of interest in registered investment companies (e.g., mutual funds) ($15.40M)
- total income ($3,128,868)
- value of interest in common/collective trusts ($3,093,276)
- earnings on investments ($1,965,721)
- net earnings on investments ($1,925,721)
- total expenses ($1,772,096)
- net income ($1,356,772)
- total contributions ($1,163,147)
- cash contributions from participants ($566,616)
- cash contributions from employers ($541,566)
- participant loans ($329,604)
- average account balance ($68,164)
- total administrative expenses ($50,950)
- investment advisory and management fees ($40,000)
- total noninterest-bearing cash ($31,662)
- other administrative expenses ($10,950)
- net income per total participant ($4,916)
- average participant cash contribution per active participant ($2,660)
- average employer cash contribution per active participant ($2,543)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($1,318)
- other receivables (not employer nor participant contributions) ($459)
- total administrative expense per participant ($184.60)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (77.2%)
- diversity of asset types (17.2%)
- yield on beginning-of-plan-year total assets (11.03%)
- participant loans as a percentage of plan assets (1.75%)
- total administrative expense ratio (0.270%)
- total cash as a percentage of plan assets (0.18%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (213)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (275)
- other retired or separated participants entitled to future benefits (60)
- retired or separated participants receiving benefits (2)
- total participants (276)
Global References