Retirement plan

AMERICAN BUSINESS GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: AMERICAN BUSINESS GROUP, INC. - AMERICAN BUSINESS GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2016) Form 5500
Creator: AMERICAN BUSINESS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN BUSINESS GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, AMERICAN BUSINESS GROUP, INC.

AMERICAN BUSINESS GROUP, INC.EIN 36-4665325Plan #001PY 2016

2392 BATEMAN AVE - IRWINDALE, CA 910103312626-357-4400LinkedIn1-10 employeesinsurance

Other plans on this EIN

1 filing

#003Retirement-$6.2M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$18.1M

+61.2% from 2015

Total participants

+32.7% from 2015

Average account balance

$306,544

+33.9% from 2015

Annual return

53.55%

+39.18 pp from 2015

Benchmarks

See 13,704 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort13,704 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$58.05M

Not enough data

1 years with asset history on file

Average account balance

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

$533K

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.

109

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24448

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 codes2P2Q2I3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$769K

$16361 / participant

Other / not subdivided$769K100.0%

% of EOY assets

4.252%

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

$306,544

$56,894+438.8%

$84,753+261.7%

$62,881+387.5%

Participation rate

87.2%

68.5%+18.7pp

76.6%+10.6pp

69.3%+17.9pp

Annual return

53.55%

6.30%+47.3pp

22.78%+30.8pp

20.14%+33.4pp

Employer contribution / active EE

$23,159

$2,400+865.0%

$3,574+547.9%

$2,281+915.3%

Participant deferral / active EE

$2,709-100.0%

$3,712-100.0%

$3,203-100.0%

Admin fee / account holder

$13,034

$3,581+264.0%

$5,333+144.4%

$4,296+203.4%

AMERICAN BUSINESS GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN BUSINESS GROUP, INC. EMPLOYEE STOCK OWNERSHIP 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