Retirement plan

ACO, INC TAX FAVORED SAVINGS PLAN

Name: ACO, INC. - ACO, INC TAX FAVORED SAVINGS PLAN (2017) Form 5500
Creator: ACO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACO, INC TAX FAVORED SAVINGS PLAN, ACO, INC.

ACO, INC.EIN 34-1238844Plan #001PY 2017

9470 PINECONE DRIVE - MENTOR, OH 44060440-639-7230

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed May 1, 2024 (most recent of 2 filings on file)

Plan administrator

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9470 Pinecone Drive

Mentor, OH 44060

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Plans declared (1)

Nonqualified Deferred Compensation Plan5 emp

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Total assets (EOY)

$10.3M

+14.3% from 2016

Total participants

149

+2.1% from 2016

Average account balance

$81,828

+11.5% from 2016

Annual return

13.90%

+6.98 pp from 2016

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.58M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

152

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.

60.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$366

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL GROUP LLC1 year Service code 27 · EIN 71-0927307	Advisory (Plan)	$31,323
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$22,499
FOLEY BENEFITS GROUP3+ years Service code 13 · EIN 31-1634880	Contract Administrator	$4,661

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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: BENNETT,GROEBER,MULLEN & FELTNER CO
Auditor EIN: 341601163
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,828

$63,314+29.2%

$91,004-10.1%

$62,293+31.4%

Participation rate

81.9%

73.3%+8.6pp

75.6%+6.3pp

69.5%+12.4pp

Annual return

13.90%

21.00%-7.1pp

4.60%+9.3pp

28.90%-15.0pp

Employer contribution / active EE

$2,542

$1,807+40.7%

$2,456+3.5%

$2,042+24.5%

Participant deferral / active EE

$3,938

$2,944+33.8%

$3,548+11.0%

$3,169+24.3%

Admin fee / account holder

$468-100.0%

$5,417-100.0%

$479-100.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC1 year

Service code 27 · EIN 71-0927307

Advisory (Plan)

$31,323

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$22,499

FOLEY BENEFITS GROUP3+ years

Service code 13 · EIN 31-1634880

Contract Administrator

$4,661

ACO, INC TAX FAVORED SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ACO, INC TAX FAVORED SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion