Retirement plan

ACCESS DIRECT SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: ACCESS DIRECT SYSTEMS, INC. - ACCESS DIRECT SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: ACCESS DIRECT SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCESS DIRECT SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, ACCESS DIRECT SYSTEMS, INC.

ACCESS DIRECT SYSTEMS, INC.EIN 13-2669655Plan #003PY 2015

91 EXECUTIVE BOULEVARD - FARMINGDALE, NY 117354713631-420-0770accessdirect.comLinkedIn11-50 employeesbusiness supplies and equipment

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.7M

No prior year

Total participants

359

No prior year

Average account balance

$20,588

No prior year

Annual return

-0.59%

No prior year

Benchmarks

See 2,226 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,226 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.75M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

113

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.

39.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$202K

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

+10.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Filed as: NATIONWIDE LIFE INSURANCE Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$31,516
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 26 401 S. TRYON STREET, 19TH FL. · CHARLOTTE, NC 28288	Advisory (Participants)	$10,203
GELMAN PENSION CONSULTING, INC.1+ years Filed as: GELMAN PENSION CONSULTING, INC Service code 15 70 WEST 40TH STREET · NEW YORK, NY 10018	Recordkeeping	$6,767
GELMAN PENSION CONSULTING, INC.1+ years Service code 15	Recordkeeping	$2,151
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 26	Advisory (Participants)	$579
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY & CO. LLC Service code 26 1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$38K

$117 / participant

Investment mgmt$38K100.0%

% of EOY assets

1.045%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRUBER PALUMBERI RAFFAELE FRIED
Auditor EIN: 132686950
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,588

$72,770-71.7%

$67,652-69.6%

$55,191-62.7%

Participation rate

44.5%

78.8%-34.3pp

75.7%-31.2pp

69.2%-24.7pp

Annual return

-0.59%

-3.26%+2.7pp

6625.40%-6626.0pp

10.78%-11.4pp

Employer contribution / active EE

$1,769-100.0%

$2,266-100.0%

$1,899-100.0%

Participant deferral / active EE

$997

$3,408-70.7%

$3,560-72.0%

$3,046-67.3%

Admin fee / account holder

$215

$79+172.9%

$4,821-95.5%

$91+136.9%

Provider

Service type

Compensation

NATIONWIDE1+ years

Filed as: NATIONWIDE LIFE INSURANCE

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$31,516

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 26

401 S. TRYON STREET, 19TH FL. · CHARLOTTE, NC 28288

Advisory (Participants)

$10,203

GELMAN PENSION CONSULTING, INC.1+ years

Filed as: GELMAN PENSION CONSULTING, INC

Service code 15

70 WEST 40TH STREET · NEW YORK, NY 10018

Recordkeeping

$6,767

GELMAN PENSION CONSULTING, INC.1+ years

Service code 15

Recordkeeping

$2,151

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 26

Advisory (Participants)

$579

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY & CO. LLC

Service code 26

1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004

Advisory (Participants)

ACCESS DIRECT SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCESS DIRECT SYSTEMS, INC. 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