Retirement plan

APPLIED SYSTEMS, INC. RETIREMENT SAVINGS PLAN

Name: APPLIED SYSTEMS, INC. - APPLIED SYSTEMS, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: APPLIED SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPLIED SYSTEMS, INC. RETIREMENT SAVINGS PLAN, APPLIED SYSTEMS, INC.

APPLIED SYSTEMS, INC.EIN 20-5511045Plan #001PY 2023

200 APPLIED PARKWAY - UNIVERSITY PARK, IL 60484708-534-5575LinkedIn501-1000 employees

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$193.5M

+19.8% from 2022

Total participants

2,037

+5.2% from 2022

Average account balance

$99,805

+17.6% from 2022

Annual return

18.72%

+23.58 pp from 2022

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$225.79M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

2,030

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$186,735
GALLAGHER FIDUCIARY ADVISORS, LLC7 years Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 27 · EIN 36-4291971	Advisory (Plan)	$40,000
SIKICH LLP1 year Service code 10 17335 GOLF PKWY STE 500 · BROOKFIELD, WI 530451128	Accounting	$20,500
BAKER TILLY US, LLP2 years Filed as: BAKER TILLY CORPORATION Service code 10 PO BOX 78975 · MILWAUKEE, WI 532788975	Accounting	$14,175
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 84-1532243	Investment Management	$13,223
LEGACY PROFESSIONALS LLP7 years Service code 50 · EIN 32-0043599	Direct Payment	$10,600

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$236K

$146 / participant

Recordkeeping$177K75.2%
Investment mgmt$13K5.6%
Other / not subdivided$45K19.2%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: $45,275
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,805

$107,415-7.1%

$135,942-26.6%

$80,149+24.5%

Participation rate

93.9%

78.0%+15.9pp

81.9%+12.0pp

72.9%+21.0pp

Annual return

18.72%

91.99%-73.3pp

68.28%-49.6pp

40.39%-21.7pp

Employer contribution / active EE

$1,755

$3,878-54.7%

$4,858-63.9%

$2,977-41.0%

Participant deferral / active EE

$8,870

$8,189+8.3%

$7,759+14.3%

$5,015+76.9%

Admin fee / account holder

$122

$127-4.3%

$10,764-98.9%

$145-16.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$186,735

GALLAGHER FIDUCIARY ADVISORS, LLC7 years

Filed as: GALLAGHER BENEFIT SERVICES, INC.

Service code 27 · EIN 36-4291971

Advisory (Plan)

$40,000

SIKICH LLP1 year

Service code 10

17335 GOLF PKWY STE 500 · BROOKFIELD, WI 530451128

Accounting

$20,500

BAKER TILLY US, LLP2 years

Filed as: BAKER TILLY CORPORATION

Service code 10

PO BOX 78975 · MILWAUKEE, WI 532788975

Accounting

$14,175

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 84-1532243

Investment Management

$13,223

LEGACY PROFESSIONALS LLP7 years

Service code 50 · EIN 32-0043599

Direct Payment

$10,600

APPLIED SYSTEMS, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLIED SYSTEMS, INC. RETIREMENT 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