Retirement plan

ASIAN AMERICANS FOR EQUALITY, INC. 403(B) PLAN

Name: ASIAN AMERICANS FOR EQUALITY, INC. - ASIAN AMERICANS FOR EQUALITY, INC. 403(B) PLAN (2017) Form 5500
Creator: ASIAN AMERICANS FOR EQUALITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASIAN AMERICANS FOR EQUALITY, INC. 403(B) PLAN, ASIAN AMERICANS FOR EQUALITY, INC.

ASIAN AMERICANS FOR EQUALITY, INC.EIN 13-3187792Plan #001PY 2017

2 ALLEN STREET, 7TH FLOOR - NEW YORK, NY 10002212-964-2288aafe.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$829K

+117.7% from 2016

Total participants

131

+11.0% from 2016

Average account balance

$7,337

+98.4% from 2016

Annual return

21.84%

+21.84 pp from 2016

Benchmarks

See 939 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.94M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

254

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$353

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL LIFE INSURANCE CO. Service code 13 · EIN 42-0127290	Contract Administrator	$8,870

Plan features & details

Pension benefit codes2L2K2F2G

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$9K

$83 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.134%

all-in expense ratio

Categories reported

0 / 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: MARKS PANETH LLP
Auditor EIN: 113518842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,337

$52,639-86.1%

$185,117-96.0%

$62,293-88.2%

Participation rate

84.1%

63.9%+20.2pp

77.3%+6.8pp

69.5%+14.6pp

Annual return

21.84%

19.57%+2.3pp

40.50%-18.7pp

28.90%-7.1pp

Employer contribution / active EE

$781

$1,483-47.3%

$4,182-81.3%

$2,042-61.8%

Participant deferral / active EE

$2,713

$3,097-12.4%

$5,045-46.2%

$3,169-14.4%

Admin fee / account holder

$83

$374-77.7%

$8,159-99.0%

$479-82.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL LIFE INSURANCE CO.

Service code 13 · EIN 42-0127290

Contract Administrator

$8,870

ASIAN AMERICANS FOR EQUALITY, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASIAN AMERICANS FOR EQUALITY, INC. 403(B) 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