Retirement plan

BOARD OF TRUSTEES OF THE AMERICA'S FAMILY 401(K) BENEFIT TRUST FUND

Name: AMERICA'S FAMILY BENEFIT PLANS - BOARD OF TRUSTEES OF THE AMERICA'S FAMILY 401(K) BENEFIT TRUST FUND (2018) Form 5500
Creator: AMERICA'S FAMILY BENEFIT PLANS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOARD OF TRUSTEES OF THE AMERICA'S FAMILY 401(K) BENEFIT TRUST FUND, AMERICA'S FAMILY BENEFIT PLANS

AMERICA'S FAMILY BENEFIT PLANSEIN 16-1548854Plan #002PY 2018

35 GEORGE KARL BOULEVARD, SUITE 300 - WILLIAMSVILLE, NY 142217177716-631-2210

Prospect flagsHigh retiree %Low employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$19.8M

-11.5% from 2017

Total participants

1,037

-10.8% from 2017

Average account balance

No prior year

Annual return

-5.73%

-21.25 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.47M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

405

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$584

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 9 by compensation

Provider	Service type	Compensation
WILLIAM BLAIR4+ years Filed as: WILLIAM OCHOCINSKI Service code 30	Employee (plan)	$47,764
MICHELLE OCHOCINSKI4+ years Service code 30	Employee (plan)	$20,068
COMPLIANCE VERIFICATION3 years Filed as: COMPLIANCE SYSTEMS, INC. Service code 13	Contract Administrator	$13,709
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND MORGAN, JR. Service code 30	Employee (plan)	$12,020
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE ADVISORS Service code 10 · EIN 16-1543527 6225 SHERIDAN DR. · WILLIAMSVILLE, NY 14221	Accounting	$11,768
SOFTPATH, INC.4+ years Service code 16 · EIN 16-1502471	Consulting	$10,263
EFPR GROUP, CPAS, PLLC3 years Filed as: EFPR GROUP, CPA'S, PLLC Service code 10 · EIN 47-4526160	Accounting	$9,500
DAVID B. HERRMANN, JR.4+ years Service code 29	Legal	$7,404
JOYCE A. CAMARILLO1 year Filed as: JOYCE CUFF Service code 30	Employee (plan)	$5,113

Plan features & details

Pension benefit codes2G2J

Plan features

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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$266K

$537 / participant

Investment mgmt$48K17.9%
Contract admin$23K8.5%
Other / not subdivided$196K73.6%

% of EOY assets

1.344%

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: EFPR GROUP CPAS, PLLC
Auditor EIN: 474526160
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,005-100.0%

$140,019-100.0%

$55,725-100.0%

Participation rate

0.0%

87.0%-87.0pp

87.5%-87.5pp

70.9%-70.9pp

Annual return

-5.73%

0.46%-6.2pp

651.17%-656.9pp

244.93%-250.7pp

Employer contribution / active EE

$1,239

$3,403-63.6%

$5,605-77.9%

$2,078-40.4%

Participant deferral / active EE

$1,871

$5,264-64.5%

$6,927-73.0%

$3,356-44.2%

Admin fee / account holder

$116-100.0%

$10,705-100.0%

$115-100.0%

Provider

Service type

Compensation

WILLIAM BLAIR4+ years

Filed as: WILLIAM OCHOCINSKI

Service code 30

Employee (plan)

$47,764

MICHELLE OCHOCINSKI4+ years

Service code 30

Employee (plan)

$20,068

COMPLIANCE VERIFICATION3 years

Filed as: COMPLIANCE SYSTEMS, INC.

Service code 13

Contract Administrator

$13,709

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND MORGAN, JR.

Service code 30

Employee (plan)

$12,020

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE ADVISORS

Service code 10 · EIN 16-1543527

6225 SHERIDAN DR. · WILLIAMSVILLE, NY 14221

Accounting

$11,768

SOFTPATH, INC.4+ years

Service code 16 · EIN 16-1502471

Consulting

$10,263

EFPR GROUP, CPAS, PLLC3 years

Filed as: EFPR GROUP, CPA'S, PLLC

Service code 10 · EIN 47-4526160

Accounting

$9,500

DAVID B. HERRMANN, JR.4+ years

Service code 29

Legal

$7,404

JOYCE A. CAMARILLO1 year

Filed as: JOYCE CUFF

Service code 30

Employee (plan)

$5,113

BOARD OF TRUSTEES OF THE AMERICA'S FAMILY 401(K) BENEFIT TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOARD OF TRUSTEES OF THE AMERICA'S FAMILY 401(K) BENEFIT TRUST FUND

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