Retirement plan

EMPLOYEE BENEFIT PLAN OF THE ACCESS AGENCY, INC.

Name: THE ACCESS AGENCY, INC. - EMPLOYEE BENEFIT PLAN OF THE ACCESS AGENCY, INC. (2019) Form 5500
Creator: THE ACCESS AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF THE ACCESS AGENCY, INC., THE ACCESS AGENCY, INC.

THE ACCESS AGENCY, INC.EIN 06-0801861Plan #002PY 2019

1315 MAIN ST STE 2 - WILLIMANTIC, CT 062261948860-450-7400

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.5M

+21.5% from 2018

Total participants

+1.4% from 2018

Average account balance

$31,361

+21.5% from 2018

Annual return

22.20%

+29.57 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.38M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

55.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$177K

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

+16.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3787

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 codes2F2G2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$159K

$2897 / participant

Other / not subdivided$159K100.0%

% of EOY assets

10.809%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,361

$85,171-63.2%

$172,752-81.8%

$72,975-57.0%

Participation rate

52.7%

70.1%-17.3pp

82.6%-29.9pp

69.5%-16.8pp

Annual return

22.20%

27.32%-5.1pp

802.97%-780.8pp

81.01%-58.8pp

Employer contribution / active EE

$1,106

$3,324-66.7%

$5,144-78.5%

$2,440-54.7%

Participant deferral / active EE

$1,633

$3,260-49.9%

$5,198-68.6%

$3,608-54.7%

Admin fee / account holder

$3,390

$5,880-42.4%

$13,955-75.7%

$5,124-33.8%

EMPLOYEE BENEFIT PLAN OF THE ACCESS AGENCY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF THE ACCESS AGENCY, INC.

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