Retirement plan

ALLIED STAFF AUGMENTATION PARTNERS 401K PLAN

Name: ALLIED STAFF AUGMENTATION PARTNERS, INC. - ALLIED STAFF AUGMENTATION PARTNERS 401K PLAN (2016) Form 5500
Creator: ALLIED STAFF AUGMENTATION PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLIED STAFF AUGMENTATION PARTNERS 401K PLAN, ALLIED STAFF AUGMENTATION PARTNERS, INC.

ALLIED STAFF AUGMENTATION PARTNERS, INC.EIN 27-4780384Plan #001PY 2016

7421 CARMEL EXECUTIVE PARK DR, SUITE 225 - CHARLOTTE, NC 28226980-219-8477asap.us.comLinkedIn501-1000 employeesstaffing and recruiting

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5.9M

+25.7% from 2015

Total participants

408

-1.9% from 2015

Average account balance

$43,201

+22.9% from 2015

Annual return

10.08%

+5.40 pp from 2015

Benchmarks

See 631 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort631 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.64M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$195K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14720

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

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$23,056
WLE & ASSOCIATES, INC.1 year Service code 13	Contract Administrator	$5,937
SECURITIES AMERICA INC2+ years Filed as: SECURITIES AMERICA, INC. Service code 49 · EIN 11-2551174	Other Services	$0
WLR & ASSOCIATES, INC.1 year Service code 13 · EIN 01-0556486	Contract Administrator	$0

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$23K

$65 / participant

Investment mgmt$2K10.3%
Contract admin$21K89.7%

% of EOY assets

0.390%

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: PARSON, CPA
Auditor EIN: 274214364
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,201

$30,599+41.2%

$74,577-42.1%

$57,658-25.1%

Participation rate

24.1%

49.1%-25.0pp

68.1%-44.0pp

70.2%-46.1pp

Annual return

10.08%

14.24%-4.2pp

20.47%-10.4pp

5.13%+4.9pp

Employer contribution / active EE

$1,000-100.0%

$2,525-100.0%

$1,974-100.0%

Participant deferral / active EE

$5,316

$1,805+194.5%

$3,458+53.7%

$3,061+73.7%

Admin fee / account holder

$168

$98+71.7%

$4,138-95.9%

$95+78.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$23,056

WLE & ASSOCIATES, INC.1 year

Service code 13

Contract Administrator

$5,937

SECURITIES AMERICA INC2+ years

Filed as: SECURITIES AMERICA, INC.

Service code 49 · EIN 11-2551174

Other Services

WLR & ASSOCIATES, INC.1 year

Service code 13 · EIN 01-0556486

Contract Administrator

ALLIED STAFF AUGMENTATION PARTNERS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLIED STAFF AUGMENTATION PARTNERS 401K 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