Retirement plan

ACCOUNTING BUSINESS SERVICES & TAXES, INC. 401(K) PROFIT SHARING PLAN

Name: ACCOUNTING BUSINESS SERVICES & TAXES, INC. - ACCOUNTING BUSINESS SERVICES & TAXES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ACCOUNTING BUSINESS SERVICES & TAXES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCOUNTING BUSINESS SERVICES & TAXES, INC. 401(K) PROFIT SHARING PLAN, ACCOUNTING BUSINESS SERVICES & TAXES, INC.

ACCOUNTING BUSINESS SERVICES & TAXES, INC.EIN 26-2009925Plan #002PY 2024

P.O. BOX 638 - CAPITOLA, CA 95010831-475-8795

Other plans on this EIN

1 filing

#001Retirement-$487K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$164K

+66.5% from 2023

Total participants

0.0% from 2023

Average account balance

$54,633

+66.5% from 2023

Annual return

3.20%

-6.46 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$164K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+3.20%

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$54,633

$160,040-65.9%

$147,096-62.9%

$145,877-62.5%

Participation rate

100.0%

84.0%+16.0pp

82.2%+17.8pp

80.3%+19.7pp

Annual return

3.20%

98.49%-95.3pp

419.75%-416.5pp

551.28%-548.1pp

Employer contribution / active EE

$4,792

$5,289-9.4%

$4,936-2.9%

$4,663+2.8%

Participant deferral / active EE

$15,974

$8,429+89.5%

$8,071+97.9%

$6,691+138.7%

Admin fee / account holder

$15,050-100.0%

$13,005-100.0%

$13,402-100.0%

ACCOUNTING BUSINESS SERVICES & TAXES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ACCOUNTING BUSINESS SERVICES & TAXES, INC. 401(K) PROFIT SHARING 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