Retirement plan

EMPLOYEE BENEFIT PLAN OF THE ACCESS AGENCY, INC.

Name: THE ACCESS AGENCY, INC. - EMPLOYEE BENEFIT PLAN OF THE ACCESS AGENCY, INC. (2020) 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 2020

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.8M

+19.0% from 2019

Total participants

-2.7% from 2019

Average account balance

$40,793

+30.1% from 2019

Annual return

15.75%

-6.45 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

45.0%

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

$1K

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

+16.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26216

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

$94K

$1705 / participant

Other / not subdivided$94K100.0%

% of EOY assets

5.346%

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

$40,793

$91,167-55.3%

$178,498-77.1%

$79,858-48.9%

Participation rate

49.1%

69.2%-20.1pp

81.9%-32.8pp

69.6%-20.5pp

Annual return

15.75%

24.19%-8.4pp

151.09%-135.3pp

31.72%-16.0pp

Employer contribution / active EE

$988

$3,255-69.7%

$5,011-80.3%

$2,471-60.0%

Participant deferral / active EE

$1,585

$3,236-51.0%

$5,202-69.5%

$3,740-57.6%

Admin fee / account holder

$2,181

$6,747-67.7%

$13,985-84.4%

$5,306-58.9%

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