Retirement plan

ADVANCED FUNDING/GREENLIGHT PROFESSIONAL SERVICES 401(K) PLAN

Name: ADVANCED FUNDING & SUPPORT SYSTEMS, INC. - ADVANCED FUNDING/GREENLIGHT PROFESSIONAL SERVICES 401(K) PLAN (2020) Form 5500
Creator: ADVANCED FUNDING & SUPPORT SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCED FUNDING/GREENLIGHT PROFESSIONAL SERVICES 401(K) PLAN, ADVANCED FUNDING & SUPPORT SYSTEMS, INC.

ADVANCED FUNDING & SUPPORT SYSTEMS, INC.EIN 04-3235001Plan #001PY 2020

1601 TRAPELO ROAD, SUITE 150 - WALTHAM, MA 02451781-290-0700

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$1.1M

+29.9% from 2019

Total participants

-30.0% from 2019

Average account balance

$266,178

+29.9% from 2019

Annual return

25.46%

-2.97 pp from 2019

Benchmarks

See 14,134 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,134 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

Not enough data

1 years with asset history on file

Average account balance

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

$680K

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.

30.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+83.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5214

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

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

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 codes2F2G2J3D

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.
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.
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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$266,178

$109,372+143.4%

$89,414+197.7%

$158,966+67.4%

Participation rate

16.7%

74.3%-57.6pp

68.0%-51.3pp

82.0%-65.3pp

Annual return

25.46%

345.55%-320.1pp

245.50%-220.0pp

302.95%-277.5pp

Employer contribution / active EE

$3,171-100.0%

$2,586-100.0%

$4,762-100.0%

Participant deferral / active EE

$3,045

$4,598-33.8%

$3,890-21.7%

$5,983-49.1%

Admin fee / account holder

$6,156-100.0%

$4,883-100.0%

$11,250-100.0%

ADVANCED FUNDING/GREENLIGHT PROFESSIONAL SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ADVANCED FUNDING/GREENLIGHT PROFESSIONAL SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion