Retirement plan

ASSOCIATION MANAGEMENT CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: ASSOCIATION MANAGEMENT CENTER, INC. - ASSOCIATION MANAGEMENT CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: ASSOCIATION MANAGEMENT CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATION MANAGEMENT CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST, ASSOCIATION MANAGEMENT CENTER, INC.

ASSOCIATION MANAGEMENT CENTER, INC.EIN 36-2610120Plan #001PY 2020

8735 WEST HIGGINS ROAD, SUITE 300 - CHICAGO, IL 60631847-375-4808connect2amc.comLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$25.9M

-6.3% from 2019

Total participants

280

-2.4% from 2019

Average account balance

$98,423

-1.0% from 2019

Annual return

5.37%

-13.68 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.96M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

224

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$445

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 5 by compensation

Provider	Service type	Compensation
SAVANT CAPITAL MANAGEMENT6+ years Filed as: SAVANT CAPITAL MANAGEMENT, INC. Service code 26 · EIN 36-3859937	Advisory (Participants)	$54,475
ASPIRE FINANCIAL SERVICES6+ years Filed as: ASPIRE FINANCIAL SERVICES, LLC Service code 15 · EIN 27-1033755	Recordkeeping	$14,004
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	$10,446
FOSTER GROUP1 year Filed as: FOSTER GROUP INC Service code 27 · EIN 42-1361385	Advisory (Plan)	$9,149
TD AMERITRADE, INC.6+ years Filed as: TD AMERITRADE Service code 12 · EIN 47-0533629	Trustee (directed); Claims processing...	$6,349

Plan features & details

Pension benefit codes2F2G2T3D2J2K2E

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$127K

$681 / participant

Other / not subdivided$127K100.0%

% of EOY assets

0.489%

all-in expense ratio

Categories reported

0 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,423

$99,957-1.5%

$149,715-34.3%

$73,493+33.9%

Participation rate

90.9%

75.7%+15.2pp

82.5%+8.4pp

70.7%+20.2pp

Annual return

5.37%

53.87%-48.5pp

276.66%-271.3pp

28.51%-23.1pp

Employer contribution / active EE

$839

$3,191-73.7%

$4,645-81.9%

$2,270-63.0%

Participant deferral / active EE

$6,951

$6,073+14.5%

$6,842+1.6%

$3,740+85.9%

Admin fee / account holder

$482

$551-12.5%

$9,310-94.8%

$513-6.1%

Provider

Service type

Compensation

SAVANT CAPITAL MANAGEMENT6+ years

Filed as: SAVANT CAPITAL MANAGEMENT, INC.

Service code 26 · EIN 36-3859937

Advisory (Participants)

$54,475

ASPIRE FINANCIAL SERVICES6+ years

Filed as: ASPIRE FINANCIAL SERVICES, LLC

Service code 15 · EIN 27-1033755

Recordkeeping

$14,004

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

$10,446

FOSTER GROUP1 year

Filed as: FOSTER GROUP INC

Service code 27 · EIN 42-1361385

Advisory (Plan)

$9,149

TD AMERITRADE, INC.6+ years

Filed as: TD AMERITRADE

Service code 12 · EIN 47-0533629

Trustee (directed); Claims processing...

$6,349

ASSOCIATION MANAGEMENT CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATION MANAGEMENT CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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