Retirement plan

ADVANCED TESTING LABORATORY, INC. 401(K) PLAN

Name: ADVANCED TESTING LABORATORY, INC. - ADVANCED TESTING LABORATORY, INC. 401(K) PLAN (2018) Form 5500
Creator: ADVANCED TESTING LABORATORY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCED TESTING LABORATORY, INC. 401(K) PLAN, ADVANCED TESTING LABORATORY, INC.

ADVANCED TESTING LABORATORY, INC.EIN 31-1217849Plan #001PY 2018

6954 CORNELL ROAD, SUITE 200 - CINCINNATI, OH 45242513-489-8447

Prospect flagsHigh retiree %Low returnsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$5M

-5.2% from 2017

Total participants

400

-4.8% from 2017

Average account balance

$14,200

+4.7% from 2017

Annual return

-6.74%

-24.64 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.92M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

625

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.

44.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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 6 by compensation

Provider	Service type	Compensation
PROSPERA FINANCIAL SERVICES1 year Filed as: PROSPERA Service code 27 · EIN 75-1832551	Advisory (Plan)	$23,627
TRI-AD ACTUARIES, INC.4+ years Filed as: TRI-STATE PLAN ADMINISTRATION, INC. Service code 37 · EIN 31-1214674	Loan Processing	$15,161
CLARK, SCHAEFER, HACKETT & CO.4+ years Service code 10 · EIN 31-0800053	Accounting	$9,775
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$5,406
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 28 · EIN 61-1732930	Investment Management	$0
MILLENNIUM INVESTMENT & RETIREMENT1 year Filed as: MILLENNIUM TRUST COMPANY Service code 49	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$54K

$188 / participant

Investment mgmt$24K43.8%
Other / not subdivided$30K56.2%

% of EOY assets

1.071%

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: CLARK, SCHAEFER, HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,200

$75,388-81.2%

$123,552-88.5%

$55,725-74.5%

Participation rate

84.3%

75.7%+8.7pp

82.3%+2.0pp

70.9%+13.5pp

Annual return

-6.74%

4.48%-11.2pp

119.20%-125.9pp

244.93%-251.7pp

Employer contribution / active EE

$337

$3,063-89.0%

$4,628-92.7%

$2,078-83.8%

Participant deferral / active EE

$2,455

$5,651-56.6%

$6,426-61.8%

$3,356-26.8%

Admin fee / account holder

$152

$120+26.9%

$9,285-98.4%

$115+32.0%

Provider

Service type

Compensation

PROSPERA FINANCIAL SERVICES1 year

Filed as: PROSPERA

Service code 27 · EIN 75-1832551

Advisory (Plan)

$23,627

TRI-AD ACTUARIES, INC.4+ years

Filed as: TRI-STATE PLAN ADMINISTRATION, INC.

Service code 37 · EIN 31-1214674

Loan Processing

$15,161

CLARK, SCHAEFER, HACKETT & CO.4+ years

Service code 10 · EIN 31-0800053

Accounting

$9,775

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$5,406

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 28 · EIN 61-1732930

Investment Management

MILLENNIUM INVESTMENT & RETIREMENT1 year

Filed as: MILLENNIUM TRUST COMPANY

Service code 49

Other Services

ADVANCED TESTING LABORATORY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCED TESTING LABORATORY, 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