Retirement plan

ASEA 401(K) PLAN

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

ASEA, LLCEIN 26-0871950Plan #001PY 2024

1488 WEST PLEASANT VIEW DRIVE, SUITE 100 - PLEASANT GROVE, UT 84062801-928-2100aseaglobal.comLinkedIn201-500 employeeshealth, wellness and fitness

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.4M

+21.1% from 2023

Total participants

273

-4.5% from 2023

Average account balance

$56,161

+22.9% from 2023

Annual return

13.75%

-7.79 pp from 2023

Benchmarks

See 939 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.40M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

203

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.

64.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 27 · EIN 26-4311657	Advisory (Plan)	$5,409
NATIONAL BENEFIT SERVICES, LLC4 years Filed as: NATIONAL BENEFIT SERVICES LLC Service code 15 · EIN 20-3886993	Recordkeeping	$3,375
NATIONWIDE8 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$2,464
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INSURANCE AGENCY, LLC Service code 27 PO BOX 9500 · SPRINGFIELD, MA 01102	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2G2F2J2K3D2E

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$9K

$45 / participant

Contract admin$9K100.0%

% of EOY assets

0.077%

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: SQUIRE & COMPANY, PC
Auditor EIN: 870343246
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,161

$62,177-9.7%

$81,370-31.0%

$74,478-24.6%

Participation rate

64.1%

64.1%0pp

69.5%-5.4pp

67.2%-3.1pp

Annual return

13.75%

16.62%-2.9pp

24.85%-11.1pp

1370.56%-1356.8pp

Employer contribution / active EE

$2,350

$1,881+25.0%

$2,464-4.6%

$2,626-10.5%

Participant deferral / active EE

$4,080

$3,219+26.7%

$3,885+5.0%

$4,350-6.2%

Admin fee / account holder

$43

$1,927-97.8%

$5,749-99.2%

$1,946-97.8%

Provider

Service type

Compensation

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 27 · EIN 26-4311657

Advisory (Plan)

$5,409

NATIONAL BENEFIT SERVICES, LLC4 years

Filed as: NATIONAL BENEFIT SERVICES LLC

Service code 15 · EIN 20-3886993

Recordkeeping

$3,375

NATIONWIDE8 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$2,464

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INSURANCE AGENCY, LLC

Service code 27

PO BOX 9500 · SPRINGFIELD, MA 01102

Advisory (Plan)

ASEA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASEA 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