Retirement plan

AXENS NORTH AMERICA, INC. PENSION SAVINGS PLAN

Name: AXENS NORTH AMERICA, INC. - AXENS NORTH AMERICA, INC. PENSION SAVINGS PLAN (2019) Form 5500
Creator: AXENS NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXENS NORTH AMERICA, INC. PENSION SAVINGS PLAN, AXENS NORTH AMERICA, INC.

AXENS NORTH AMERICA, INC.EIN 13-3529567Plan #001PY 2019

1800 ST. JAMES PLACE, SUITE 500 - HOUSTON, TX 77056609-234-8700

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$39.8M

+16.5% from 2018

Total participants

208

+10.6% from 2018

Average account balance

$200,237

+2.4% from 2018

Annual return

21.23%

+26.46 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$67.45M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

288

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 4 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SW PKWY BLDG 2 STE 400 · AUSTIN, TX 78735	Advisory (Plan)	$119,016
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVS. Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$16,635
EISNERAMPER LLP1 year Filed as: ELSNERAMPER LLP Service code 99 101 WEST AVE · JENKINTOWN, PA 190460458	Other Fees	$7,228
SENTINEL PENSION ADVISORS2 years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 13 100 QUANNAPOWITT PARKWAY · WAKEFIELD, MA 018801319	Contract Administrator	$5,800

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$148K

$824 / participant

Investment mgmt$135K91.2%
Contract admin$6K3.9%
Other / not subdivided$7K4.9%

% of EOY assets

0.370%

all-in expense ratio

Categories reported

2 / 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: EISNERAMPER LLP
Auditor EIN: 131639826
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$200,237

$89,652+123.4%

$141,191+41.8%

$65,185+207.2%

Participation rate

95.0%

74.7%+20.3pp

82.5%+12.5pp

70.2%+24.8pp

Annual return

21.23%

32.79%-11.6pp

71.41%-50.2pp

29.38%-8.2pp

Employer contribution / active EE

$7,584

$3,065+147.4%

$4,736+60.1%

$2,177+248.4%

Participant deferral / active EE

$10,929

$5,691+92.0%

$6,710+62.9%

$3,514+211.0%

Admin fee / account holder

$742

$569+30.4%

$10,264-92.8%

$847-12.5%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

5707 SW PKWY BLDG 2 STE 400 · AUSTIN, TX 78735

Advisory (Plan)

$119,016

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SVS.

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$16,635

EISNERAMPER LLP1 year

Filed as: ELSNERAMPER LLP

Service code 99

101 WEST AVE · JENKINTOWN, PA 190460458

Other Fees

$7,228

SENTINEL PENSION ADVISORS2 years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 13

100 QUANNAPOWITT PARKWAY · WAKEFIELD, MA 018801319

Contract Administrator

$5,800

AXENS NORTH AMERICA, INC. PENSION SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXENS NORTH AMERICA, INC. PENSION SAVINGS 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