Retirement plan

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

Name: ALTERNATIVE SERVICES, CONNECTICUT, INC. - ALTERNATIVE SERVICES, CONNECTICUT, INC. 403(B) RETIREMENT PLAN (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.3M

+1.1% from 2019

Total participants

-7.5% from 2019

Average account balance

$72,627

+9.9% from 2019

Annual return

10.03%

-9.84 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

1 tripped

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

$481K

$15043 / participant

Other / not subdivided$481K100.0%

% of EOY assets

14.409%

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

$72,627

$91,179-20.3%

$178,499-59.3%

$79,852-9.0%

Participation rate

90.6%

69.2%+21.4pp

81.9%+8.7pp

69.6%+21.0pp

Annual return

10.03%

24.19%-14.2pp

151.10%-141.1pp

31.72%-21.7pp

Employer contribution / active EE

$4,156

$3,256+27.7%

$5,011-17.1%

$2,471+68.2%

Participant deferral / active EE

$1,650

$3,236-49.0%

$5,202-68.3%

$3,740-55.9%

Admin fee / account holder

$10,465

$6,749+55.1%

$13,986-25.2%

$5,306+97.2%

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