Retirement plan

AABR, INC. 403(B) THRIFT PLAN

Name: AABR, INC. - AABR, INC. 403(B) THRIFT PLAN (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$8.7M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.2M

+7.9% from 2023

Total participants

650

-7.0% from 2023

Average account balance

$23,708

+2.9% from 2023

Annual return

11.92%

+1.86 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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, LLC9+ years Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19102	Contract Administrator	$51,940
ROOSEVELT INVESTMENTS6 years Service code 28 570 LEXINGTON AVE · NEW YORK, NY 10022	Investment Management	$51,181

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$106K

$297 / participant

Investment mgmt$51K48.2%
Contract admin$52K48.9%
Other / not subdivided$3K3.0%

% of EOY assets

0.803%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,708

$50,902-53.4%

$155,534-84.8%

$77,736-69.5%

Participation rate

74.3%

63.1%+11.2pp

78.2%-3.9pp

70.6%+3.7pp

Annual return

11.92%

34.85%-22.9pp

64.92%-53.0pp

31.26%-19.3pp

Employer contribution / active EE

$1,368

$1,991-31.3%

$4,675-70.7%

$2,728-49.8%

Participant deferral / active EE

$1,183

$2,824-58.1%

$5,630-79.0%

$4,651-74.6%

Admin fee / account holder

$190

$437-56.4%

$15,900-98.8%

$433-56.1%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC9+ years

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19102

Contract Administrator

$51,940

ROOSEVELT INVESTMENTS6 years

Service code 28

570 LEXINGTON AVE · NEW YORK, NY 10022

Investment Management

$51,181

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