Retirement plan

PROFIT SHARING PLAN FOR ASSOCIATIONS OF APARTMENT OWNERS AND INTERVAL OWNERS MANAGED BY AQUA-ASTON HOSPITALITY, LLC

Name: ASSOCIATION OF APARTMENT OWNERS OF KAANAPALI SHORES - PROFIT SHARING PLAN FOR ASSOCIATIONS OF APARTMENT OWNERS AND INTERVAL OWNERS MANAGED BY AQUA-ASTON HOSPITALITY, LLC (2018) Form 5500
Creator: ASSOCIATION OF APARTMENT OWNERS OF KAANAPALI SHORES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING PLAN FOR ASSOCIATIONS OF APARTMENT OWNERS AND INTERVAL OWNERS MANAGED BY AQUA-ASTON HOSPITALITY, LLC, ASSOCIATION OF APARTMENT OWNERS OF KAANAPALI SHORES

ASSOCIATION OF APARTMENT OWNERS OF KAANAPALI SHORESEIN 13-4207830Plan #003PY 2018

2155 KALAKAUA AVENUE, SUITE 500 - HONOLULU, HI 968152398808-931-1400LinkedIn11-50 employeesreal estate

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.1M

-0.9% from 2017

Total participants

169

+3.0% from 2017

Average account balance

$29,117

-6.5% from 2017

Annual return

-4.11%

-12.25 pp from 2017

Benchmarks

See 957 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort957 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.83M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

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.

73.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213K

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

+8.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4869

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION4+ years Service code 13 · EIN 35-0472300	Contract Administrator	$38,705
CW ASSOCIATES1 year Filed as: CW ASSOCIATES CPA Service code 16 · EIN 26-1659234	Consulting	$10,261

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$49K

$316 / participant

Investment mgmt$10K20.9%
Contract admin$39K79.1%

% of EOY assets

1.587%

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: CW ASSOCIATES
Auditor EIN: 261659234
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,117

$48,576-40.1%

$169,452-82.8%

$56,289-48.3%

Participation rate

59.4%

65.8%-6.5pp

77.8%-18.4pp

69.9%-10.5pp

Annual return

-4.11%

-2.51%-1.6pp

1.83%-5.9pp

-9.96%+5.8pp

Employer contribution / active EE

$561

$1,559-64.0%

$4,157-86.5%

$2,111-73.4%

Participant deferral / active EE

$1,498

$3,275-54.3%

$5,277-71.6%

$3,350-55.3%

Admin fee / account holder

$462

$435+6.2%

$9,110-94.9%

$521-11.3%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION4+ years

Service code 13 · EIN 35-0472300

Contract Administrator

$38,705

CW ASSOCIATES1 year

Filed as: CW ASSOCIATES CPA

Service code 16 · EIN 26-1659234

Consulting

$10,261

PROFIT SHARING PLAN FOR ASSOCIATIONS OF APARTMENT OWNERS AND INTERVAL OWNERS MANAGED BY AQUA-ASTON HOSPITALITY, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING PLAN FOR ASSOCIATIONS OF APARTMENT OWNERS AND INTERVAL OWNERS MANAGED BY AQUA-ASTON HOSPITALITY, LLC

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