Retirement plan

AST DEVELOPMENT CORP 401(K) PLAN

Name: AST DEVELOPMENT CORP - AST DEVELOPMENT CORP 401(K) PLAN (2021) Form 5500
Creator: AST DEVELOPMENT CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AST DEVELOPMENT CORP 401(K) PLAN, AST DEVELOPMENT CORP

AST DEVELOPMENT CORPEIN 22-2610374Plan #001PY 2021

111 MAGEE AVE - LAVALETTE, NJ 08735732-854-9080

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+34.0% from 2020

Total participants

+25.0% from 2020

Average account balance

$267,481

+34.0% from 2020

Annual return

11.89%

+0.48 pp from 2020

Benchmarks

See 44,711 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort44,711 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$361K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$267,481

$124,314+115.2%

$109,163+145.0%

$167,518+59.7%

Participation rate

80.0%

79.4%+0.6pp

75.9%+4.1pp

82.1%-2.1pp

Annual return

11.89%

26.04%-14.2pp

25.75%-13.9pp

478.71%-466.8pp

Employer contribution / active EE

$24,000

$4,209+470.2%

$3,723+544.7%

$4,838+396.0%

Participant deferral / active EE

$11,360

$5,256+116.1%

$4,654+144.1%

$6,342+79.1%

Admin fee / account holder

$7,973-100.0%

$6,754-100.0%

$12,312-100.0%

AST DEVELOPMENT CORP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

AST DEVELOPMENT CORP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion