Retirement plan

FIRST ADJUSTMENT GROUP, INC. 401(K) PLAN

Name: FIRST ADJUSTMENT GROUP, INC. - FIRST ADJUSTMENT GROUP, INC. 401(K) PLAN (2022) Form 5500
Creator: FIRST ADJUSTMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST ADJUSTMENT GROUP, INC. 401(K) PLAN, FIRST ADJUSTMENT GROUP, INC.

FIRST ADJUSTMENT GROUP, INC.EIN 11-3636718Plan #001PY 2022

31 OAK STREET - PATCHOGUE, NY 11772631-654-8081firstadjustmentgroup.comLinkedIn1-10 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$585K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$494K

-0.2% from 2021

Total participants

+100.0% from 2021

Average account balance

$164,831

-33.5% from 2021

Annual return

-12.79%

-24.38 pp from 2021

Benchmarks

See 35,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,209 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$761K

Not enough data

1 years with asset history on file

Average account balance

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

$190K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$292

$73 / participant

Other / not subdivided$292100.0%

% of EOY assets

0.059%

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

$164,831

$167,522-1.6%

$151,639+8.7%

$134,532+22.5%

Participation rate

75.0%

88.4%-13.4pp

87.5%-12.5pp

81.2%-6.2pp

Annual return

-12.79%

7.81%-20.6pp

3.34%-16.1pp

418.27%-431.1pp

Employer contribution / active EE

$1,763

$6,828-74.2%

$6,165-71.4%

$4,741-62.8%

Participant deferral / active EE

$13,825

$8,986+53.9%

$8,363+65.3%

$6,401+116.0%

Admin fee / account holder

$97

$13,780-99.3%

$11,613-99.2%

$11,429-99.1%

FIRST ADJUSTMENT GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST ADJUSTMENT GROUP, INC. 401(K) 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