Retirement plan

ALPHA SERVICES COMPANY OF ROCHESTER 401(K) PLAN

Name: ALPHA SERVICES COMPANY OF ROCHESTER - ALPHA SERVICES COMPANY OF ROCHESTER 401(K) PLAN (2024) Form 5500
Creator: ALPHA SERVICES COMPANY OF ROCHESTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALPHA SERVICES COMPANY OF ROCHESTER 401(K) PLAN, ALPHA SERVICES COMPANY OF ROCHESTER

ALPHA SERVICES COMPANY OF ROCHESTEREIN 41-1992713Plan #001PY 2024

3900 FAIRWAY PL NW - ROCHESTER, MN 559015039888-995-4742LinkedIn201-500 employeesmedical practice

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.8M

+22.4% from 2023

Total participants

424

+9.3% from 2023

Average account balance

$25,257

+20.0% from 2023

Annual return

12.18%

-5.68 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.76M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

149

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.

30.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$708K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290	Contract Administrator	$44,048
EDWARD JONES5 years Service code 27 · EIN 43-0345811	Advisory (Plan)	$15,151
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$44K

$112 / participant

Contract admin$44K100.0%

% of EOY assets

1.171%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH SCHAFER & ASSOCIATES, LTD.
Auditor EIN: 411489071
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,257

$50,919-50.4%

$155,556-83.8%

$77,762-67.5%

Participation rate

30.4%

63.1%-32.7pp

78.2%-47.8pp

70.6%-40.2pp

Annual return

12.18%

34.84%-22.7pp

64.84%-52.7pp

31.27%-19.1pp

Employer contribution / active EE

$565

$1,991-71.6%

$4,675-87.9%

$2,728-79.3%

Participant deferral / active EE

$1,226

$2,824-56.6%

$5,631-78.2%

$4,651-73.6%

Admin fee / account holder

$296

$437-32.3%

$15,885-98.1%

$433-31.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

Contract Administrator

$44,048

EDWARD JONES5 years

Service code 27 · EIN 43-0345811

Advisory (Plan)

$15,151

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

ALPHA SERVICES COMPANY OF ROCHESTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALPHA SERVICES COMPANY OF ROCHESTER 401(K) 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