Retirement plan

ALLIED STAFF AUGMENTATION PARTNERS, INC. 401(K) PLAN

Name: ALLIED STAFF AUGMENTATION PARTNERS, INC. - ALLIED STAFF AUGMENTATION PARTNERS, INC. 401(K) PLAN (2017) 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, INC. 401(K) PLAN, ALLIED STAFF AUGMENTATION PARTNERS, INC.

ALLIED STAFF AUGMENTATION PARTNERS, INC.EIN 27-4780384Plan #001PY 2017

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

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$5.8M

-2.8% from 2016

Total participants

317

-22.3% from 2016

Average account balance

$43,235

+0.1% from 2016

Annual return

13.95%

+3.88 pp from 2016

Benchmarks

See 945 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort945 peers

Snapshot2017

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$27,282
PARSONS CPA PLLC1 year Filed as: PARSONS CPA, PLLC Service code 10 · EIN 27-4214364	Accounting	$5,020
WLR & ASSOCIATES, INC.2 years Service code 13 · EIN 01-0556586	Contract Administrator	$3,070
SECURITIES AMERICA INC3+ years Filed as: SECURITIES AMERICA, INC. Service code 49 · EIN 11-2551174	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES, INC. Service code 27 · EIN 95-2755361	Advisory (Plan)	$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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$112 / participant

Contract admin$25K90.4%
Other / not subdivided$3K9.6%

% of EOY assets

0.474%

all-in expense ratio

Categories reported

1 / 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: PARSONS CPA, PLLC
Auditor EIN: 274214364
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,235

$36,767+17.6%

$81,473-46.9%

$62,293-30.6%

Participation rate

24.3%

54.4%-30.2pp

68.0%-43.7pp

69.5%-45.2pp

Annual return

13.95%

173.80%-159.8pp

38.78%-24.8pp

28.90%-14.9pp

Employer contribution / active EE

$1,128-100.0%

$2,568-100.0%

$2,042-100.0%

Participant deferral / active EE

$5,621

$2,111+166.3%

$3,537+58.9%

$3,169+77.4%

Admin fee / account holder

$205

$797-74.3%

$4,561-95.5%

$479-57.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$27,282

PARSONS CPA PLLC1 year

Filed as: PARSONS CPA, PLLC

Service code 10 · EIN 27-4214364

Accounting

$5,020

WLR & ASSOCIATES, INC.2 years

Service code 13 · EIN 01-0556586

Contract Administrator

$3,070

SECURITIES AMERICA INC3+ years

Filed as: SECURITIES AMERICA, INC.

Service code 49 · EIN 11-2551174

Other Services

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES, INC.

Service code 27 · EIN 95-2755361

Advisory (Plan)

ALLIED STAFF AUGMENTATION PARTNERS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLIED STAFF AUGMENTATION PARTNERS, 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