Retirement plan

ALTERNATIVE SERVICES, CONNECTICUT, INC. 403(B) RETIREMENT PLAN

Name: ALTERNATIVE SERVICES, CONNECTICUT, INC. - ALTERNATIVE SERVICES, CONNECTICUT, INC. 403(B) RETIREMENT PLAN (2017) Form 5500
Creator: ALTERNATIVE SERVICES, CONNECTICUT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTERNATIVE SERVICES, CONNECTICUT, INC. 403(B) RETIREMENT PLAN, ALTERNATIVE SERVICES, CONNECTICUT, INC.

ALTERNATIVE SERVICES, CONNECTICUT, INC.EIN 31-1260927Plan #001PY 2017

84 B LINWOOD AVENUE - COLCHESTER, CT 06415860-537-4967asi-ct.orgLinkedIn11-50 employees

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3M

-11.4% from 2016

Total participants

-4.5% from 2016

Average account balance

$76,155

-2.5% from 2016

Annual return

14.67%

+7.44 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.30M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

148.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$482K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+11.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1859

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 codes2F2G2L2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$978K

$30553 / participant

Other / not subdivided$978K100.0%

% of EOY assets

32.096%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$76,155

$84,236-9.6%

$170,435-55.3%

$70,126+8.6%

Participation rate

93.8%

70.8%+22.9pp

83.6%+10.2pp

69.5%+24.2pp

Annual return

14.67%

23.06%-8.4pp

205.94%-191.3pp

73.15%-58.5pp

Employer contribution / active EE

$3,387-100.0%

$5,432-100.0%

$2,343-100.0%

Participant deferral / active EE

$2,505

$3,086-18.8%

$4,939-49.3%

$3,332-24.8%

Admin fee / account holder

$24,443

$5,698+328.9%

$13,881+76.1%

$4,645+426.2%

ALTERNATIVE SERVICES, CONNECTICUT, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTERNATIVE SERVICES, CONNECTICUT, INC. 403(B) RETIREMENT 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