Retirement plan

AGILE SOURCING PARTNERS, INC. RETIREMENT PLAN

Name: AGILE SOURCING PARTNERS, INC. - AGILE SOURCING PARTNERS, INC. RETIREMENT PLAN (2024) Form 5500
Creator: AGILE SOURCING PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGILE SOURCING PARTNERS, INC. RETIREMENT PLAN, AGILE SOURCING PARTNERS, INC.

AGILE SOURCING PARTNERS, INC.EIN 20-8142827Plan #001PY 2024

2385 RAILROAD STREET - CORONA, CA 92880714-655-7139agilesourcingpartners.comLinkedIn201-500 employeesutilities

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.2M

+15.3% from 2023

Total participants

129

-0.8% from 2023

Average account balance

$52,634

+20.0% from 2023

Annual return

19.48%

-2.76 pp from 2023

Benchmarks

See 18,526 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,526 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.21M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

67.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$795K

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

+19.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$498

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANOCCK LIFE INSURANCE COMPANY Service code 15 · EIN 01-0233346	Recordkeeping	$1,230

Plan features & details

Pension benefit codes2A2E2F2G2J

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

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

$542 / participant

Recordkeeping$4K7.1%
Contract admin$46K92.9%

% of EOY assets

0.947%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,634

$81,504-35.4%

$102,437-48.6%

$80,959-35.0%

Participation rate

67.0%

66.9%+0.2pp

74.5%-7.5pp

67.7%-0.6pp

Annual return

19.48%

25.60%-6.1pp

24.95%-5.5pp

35.67%-16.2pp

Employer contribution / active EE

$2,773

$3,104-10.6%

$3,871-28.4%

$2,757+0.6%

Participant deferral / active EE

$5,966

$3,871+54.1%

$5,060+17.9%

$4,300+38.7%

Admin fee / account holder

$498

$6,719-92.6%

$8,388-94.1%

$6,925-92.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANOCCK LIFE INSURANCE COMPANY

Service code 15 · EIN 01-0233346

Recordkeeping

$1,230

AGILE SOURCING PARTNERS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGILE SOURCING PARTNERS, INC. RETIREMENT 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