Retirement plan

ASPIRE LIVING & LEARNING, INC. 403(B) PLAN

Name: ASPIRE LIVING & LEARNING, INC. - ASPIRE LIVING & LEARNING, INC. 403(B) PLAN (2024) Form 5500
Creator: ASPIRE LIVING & LEARNING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASPIRE LIVING & LEARNING, INC. 403(B) PLAN, ASPIRE LIVING & LEARNING, INC.

ASPIRE LIVING & LEARNING, INC.EIN 03-0284103Plan #001PY 2024

2096 AIRPORT ROAD - BARRE, VT 05641802-229-9515allinc.orgLinkedIn1001-5000 employeesindividual & family services

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$27.8M

+12.4% from 2023

Total participants

1,265

+0.9% from 2023

Average account balance

$32,610

+31.0% from 2023

Annual return

10.39%

-4.34 pp from 2023

Benchmarks

See 287 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort287 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.78M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

852

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.

61.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$48,107
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-0472300	Contract Administrator	$31,579
FIDUCIENT ADVISORS LLC4 years Service code 27 500 W MADISON ST. STE. 1700 · CHICAGO, IL 60661	Advisory (Plan)	$28,560
MCSOLEY MCCOY & CO4 years Service code 99 118 TILLEY DRIVE, SUITE 202 · SOUTH BURLINGTON, VT 05403	Other Fees	$9,000
PENSION ASSURANCE LLP10+ years Filed as: THE PENSION SERVICE INC. Service code 13 127 WASHINGTON AVE · NORTH HAVEN, CT 064731715	Contract Administrator	$7,700
PENSION ASSURANCE LLP10+ years Filed as: THE PENSION SERVICE, INC. Service code 13	Contract Administrator	$5,000

Plan features & details

Pension benefit codes2F2G2K2L2T3D

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$125K

$116 / participant

Recordkeeping$48K38.5%
Investment mgmt$38K30.1%
Contract admin$39K31.4%

% of EOY assets

0.450%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDMP ASSURANCE, LLP
Auditor EIN: 994708358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,610

$55,694-41.4%

$81,882-60.2%

$200,096-83.7%

Participation rate

61.8%

62.7%-0.9pp

72.4%-10.6pp

72.0%-10.3pp

Annual return

10.39%

19.59%-9.2pp

779.47%-769.1pp

34.26%-23.9pp

Employer contribution / active EE

$620

$2,114-70.7%

$2,916-78.7%

$3,038-79.6%

Participant deferral / active EE

$1,846

$3,299-44.0%

$4,323-57.3%

$5,090-63.7%

Admin fee / account holder

$147

$348-57.9%

$7,360-98.0%

$269-45.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$48,107

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-0472300

Contract Administrator

$31,579

FIDUCIENT ADVISORS LLC4 years

Service code 27

500 W MADISON ST. STE. 1700 · CHICAGO, IL 60661

Advisory (Plan)

$28,560

MCSOLEY MCCOY & CO4 years

Service code 99

118 TILLEY DRIVE, SUITE 202 · SOUTH BURLINGTON, VT 05403

Other Fees

$9,000

PENSION ASSURANCE LLP10+ years

Filed as: THE PENSION SERVICE INC.

Service code 13

127 WASHINGTON AVE · NORTH HAVEN, CT 064731715

Contract Administrator

$7,700

PENSION ASSURANCE LLP10+ years

Filed as: THE PENSION SERVICE, INC.

Service code 13

Contract Administrator

$5,000

ASPIRE LIVING & LEARNING, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASPIRE LIVING & LEARNING, INC. 403(B) 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