Retirement plan

APPLAUSE APP QUALITY, INC. 401(K) PLAN

Name: APPLAUSE APP QUALITY, INC. - APPLAUSE APP QUALITY, INC. 401(K) PLAN (2024) Form 5500
Creator: APPLAUSE APP QUALITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPLAUSE APP QUALITY, INC. 401(K) PLAN, APPLAUSE APP QUALITY, INC.

APPLAUSE APP QUALITY, INC.EIN 26-0684005Plan #001PY 2024

100 PENNSYLVANIA AVENUE, SUITE 500 - FRAMINGHAM, MA 01701508-480-9999

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$30.7M

+27.4% from 2023

Total participants

449

+2.5% from 2023

Average account balance

$77,895

+23.2% from 2023

Annual return

22.25%

+0.15 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.69M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

394

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.

81.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.58M

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

+22.25%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PARK AVENUE SECURITIES LLC8 years Filed as: PARK AVENUE SECURITIES Service code 55 · EIN 13-4023176	Other Commissions	$64,621
FIDELITY INVESTMENTS INSTITUTIONAL8 years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$1,450
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 60	Sub-TA Fees	$0
NATIONAL FINANCIAL SERVICES1 year Filed as: NATIONAL FINANCIAL SERVICES LLC Service code 55 · EIN 04-3523567	Other Commissions	$0

Plan features & details

Pension benefit codes2G2J2K3D

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.
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$5 / participant

Recordkeeping$1K100.0%

% of EOY assets

0.005%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERRY, DUNN, MCNEIL & PARKER, LLC
Auditor EIN: 010523282
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,895

$106,230-26.7%

$147,080-47.0%

$77,736+0.2%

Participation rate

81.7%

78.4%+3.3pp

82.2%-0.5pp

70.6%+11.1pp

Annual return

22.25%

56.91%-34.7pp

420.17%-397.9pp

31.26%-9.0pp

Employer contribution / active EE

$892

$4,072-78.1%

$4,933-81.9%

$2,728-67.3%

Participant deferral / active EE

$10,995

$8,001+37.4%

$8,066+36.3%

$4,651+136.4%

Admin fee / account holder

$338-98.9%

$12,989-100.0%

$433-99.2%

Provider

Service type

Compensation

PARK AVENUE SECURITIES LLC8 years

Filed as: PARK AVENUE SECURITIES

Service code 55 · EIN 13-4023176

Other Commissions

$64,621

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$1,450

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 60

Sub-TA Fees

NATIONAL FINANCIAL SERVICES1 year

Filed as: NATIONAL FINANCIAL SERVICES LLC

Service code 55 · EIN 04-3523567

Other Commissions

APPLAUSE APP QUALITY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLAUSE APP QUALITY, INC. 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