Retirement plan

AABR, INC. 403(B) THRIFT PLAN

Name: AABR, INC. - AABR, INC. 403(B) THRIFT PLAN (2022) Form 5500
Creator: AABR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AABR, INC. 403(B) THRIFT PLAN, AABR, INC.

AABR, INC.EIN 13-1968035Plan #002PY 2022

1508 COLLEGE POINT BLVD. - COLLEGE POINT, NY 11356718-321-3800aabr.orgLinkedIn501-1000 employeesindividual & family services

Other plans on this EIN

1 filing

#001Retirement-$7.3M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$11.3M

-16.1% from 2021

Total participants

610

-41.5% from 2021

Average account balance

$21,987

-10.9% from 2021

Annual return

-12.26%

-34.31 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.83M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

590

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.

58.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$913K

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

+9.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC7+ years Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19102	Contract Administrator	$63,819
ROOSEVELT INVESTMENTS4 years Service code 28 570 LEXINGTON AVE · NEW YORK, NY 10022	Investment Management	$55,304

Plan features & details

Pension benefit codes2E2F2G2J2L3C3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$120K

$309 / participant

Investment mgmt$55K46.1%
Contract admin$64K53.2%
Other / not subdivided$8490.7%

% of EOY assets

1.057%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRASSI & CO
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,987

$46,332-52.5%

$143,797-84.7%

$64,824-66.1%

Participation rate

75.8%

64.2%+11.5pp

80.3%-4.5pp

71.5%+4.3pp

Annual return

-12.26%

-10.05%-2.2pp

-0.04%-12.2pp

32.84%-45.1pp

Employer contribution / active EE

$1,448

$1,911-24.2%

$4,952-70.8%

$2,507-42.2%

Participant deferral / active EE

$858

$2,647-67.6%

$5,638-84.8%

$4,311-80.1%

Admin fee / account holder

$233

$154+51.1%

$14,679-98.4%

$188+23.8%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC7+ years

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19102

Contract Administrator

$63,819

ROOSEVELT INVESTMENTS4 years

Service code 28

570 LEXINGTON AVE · NEW YORK, NY 10022

Investment Management

$55,304

AABR, INC. 403(B) THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AABR, INC. 403(B) THRIFT 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