Retirement plan

ASPIRA INC. OF PENNSYLVANIA 401(K) PLAN

Name: ASPIRA INC. OF PENNSYLVANIA - ASPIRA INC. OF PENNSYLVANIA 401(K) PLAN (2020) Form 5500
Creator: ASPIRA INC. OF PENNSYLVANIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASPIRA INC. OF PENNSYLVANIA 401(K) PLAN, ASPIRA INC. OF PENNSYLVANIA

ASPIRA INC. OF PENNSYLVANIAEIN 23-1712644Plan #001PY 2020

4322 N 5TH ST 3RD FL - PHILADELPHIA, PA 191402302215-455-1300aspirapa.orgLinkedIn501-1000 employeeseducation management

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$2.7M

No prior year

Total participants

275

No prior year

Average account balance

$9,991

No prior year

Annual return

15.81%

No prior year

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.24M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

236

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

$526K

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

+8.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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 10 of 23 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP1+ years Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$21,532
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$9,944
MMA SECURITIES LLC1+ years Service code 27 · EIN 22-3570392	Advisory (Plan)	$7,989
ASCENSUS LLC1+ years Filed as: ADMIN PARTNERS, LLC Service code 13	Contract Administrator	$270
ASCENSUS LLC1+ years Filed as: ADMIN PARTNERS Service code 13 · EIN 26-3310639	Contract Administrator	$0
AMERICAN CENTURY1+ years Service code 52 · EIN 43-1567889	Indirect Investment Fees	$0
AMERICAN FUNDS1+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
EATON VANCE1+ years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1+ years Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$39K

$192 / participant

Investment mgmt$7K18.5%
Contract admin$32K81.5%

% of EOY assets

1.436%

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: BBD, LLP
Auditor EIN: 232896692
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,991

$65,322-84.7%

$70,462-85.8%

$73,493-86.4%

Participation rate

100.0%

77.0%+23.0pp

75.1%+24.9pp

70.7%+29.3pp

Annual return

15.81%

15.71%+0.1pp

109.08%-93.3pp

28.51%-12.7pp

Employer contribution / active EE

$1,114

$2,460-54.7%

$2,737-59.3%

$2,270-50.9%

Participant deferral / active EE

$1,443

$3,375-57.2%

$3,710-61.1%

$3,740-61.4%

Admin fee / account holder

$144

$214-33.0%

$3,845-96.3%

$513-72.0%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP1+ years

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$21,532

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$9,944

MMA SECURITIES LLC1+ years

Service code 27 · EIN 22-3570392

Advisory (Plan)

$7,989

ASCENSUS LLC1+ years

Filed as: ADMIN PARTNERS, LLC

Service code 13

Contract Administrator

$270

ASCENSUS LLC1+ years

Filed as: ADMIN PARTNERS

Service code 13 · EIN 26-3310639

Contract Administrator

AMERICAN CENTURY1+ years

Service code 52 · EIN 43-1567889

Indirect Investment Fees

AMERICAN FUNDS1+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

EATON VANCE1+ years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-6056833

Indirect Investment Fees

FRANKLIN TEMPLETON1+ years

Service code 52 · EIN 13-3151768

Indirect Investment Fees

ASPIRA INC. OF PENNSYLVANIA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASPIRA INC. OF PENNSYLVANIA 401(K) 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