Retirement plan

AMERICAN ADJUSTMENT BUREAU 401(K) PROFIT SHARING PLAN

Name: AMERICAN ADJUSTMENT BUREAU, INC. - AMERICAN ADJUSTMENT BUREAU 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: AMERICAN ADJUSTMENT BUREAU, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN ADJUSTMENT BUREAU 401(K) PROFIT SHARING PLAN, AMERICAN ADJUSTMENT BUREAU, INC.

AMERICAN ADJUSTMENT BUREAU, INC.EIN 06-1045541Plan #003PY 2021

PO BOX 2758 - WATERBURY, CT 08702866-480-5565

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.9M

+14.6% from 2020

Total participants

-6.6% from 2020

Average account balance

$64,959

+25.0% from 2020

Annual return

12.21%

-1.77 pp from 2020

Benchmarks

See 4,518 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,518 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.53M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

104.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10535

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

$75K

$1971 / participant

Other / not subdivided$75K100.0%

% of EOY assets

2.620%

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

$64,959

$56,134+15.7%

$96,192-32.5%

$85,851-24.3%

Participation rate

65.8%

56.7%+9.1pp

68.4%-2.7pp

69.3%-3.5pp

Annual return

12.21%

42.30%-30.1pp

192.09%-179.9pp

318.63%-306.4pp

Employer contribution / active EE

$1,116

$1,620-31.1%

$2,799-60.1%

$2,565-56.5%

Participant deferral / active EE

$2,327

$2,858-18.6%

$4,351-46.5%

$3,952-41.1%

Admin fee / account holder

$1,702

$3,769-54.8%

$5,539-69.3%

$6,261-72.8%

AMERICAN ADJUSTMENT BUREAU 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN ADJUSTMENT BUREAU 401(K) PROFIT SHARING 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