Ici Services Retirement Savings Plan — Form 5500 plan (Ici Services Corporation)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Ici Services Retirement Savings Plan is a benefit plan reported by Ici Services Corporation under EIN 26-4558596 and plan number 001. The latest loaded filing year is 2023. The filing reports 357 participants and $20,570,143 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$20.6MPlan net assets, end of year$20,570,143
Participants357Covered participants reported
Assets / participant$57.6KComputed: assets ÷ participants$57,619 (computed)
Provider compensation$97.1K2 Schedule C provider row(s)$97,117
Plan sponsor
Ici Services Corporation
EIN
26-4558596
Plan number
001
Plan type
2
Location
Virginia Bch, VA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023357H, C20241011112831NAL0012425779001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$20.6M total assets
Net assets$20.6MLiabilities$0
Money in vs. money out
Total income / additions$4.1M
Total expenses$6.1M
Benefits paid / distributions$6.1M
Contributions
Employer$325K
Participant$904.4K
Full reported line items

Net assets

Total assets (EOY)
$20,570,143
Total liabilities (EOY)
$0
Net assets (EOY)
$20,570,143
Net assets (BOY)
$22,654,542

Income & contributions

Employer contributions
$324,957
Participant contributions
$904,361
Total contributions
$1,345,918
Total income / additions
$4,063,830

Expenses & distributions

Benefits paid
$6,082,095
Administrative expenses
$66,134
Total expenses
$6,148,229
Net increase / (decrease)
-$2,084,399
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 26%Participant 74%
Total expenses ÷ net assets30%Computed ratio
Benefits paid ÷ total income150%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$66,134$02023
Royal Alliance Associates IncINVESTMENT ADVISORY$0$30,9832023

Related Form 5500 pages