Retirement plan

ABCM CORPORATION 401(K) PROFIT SHARING PLAN

Name: ABCM CORPORATION - ABCM CORPORATION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ABCM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABCM CORPORATION 401(K) PROFIT SHARING PLAN, ABCM CORPORATION

ABCM CORPORATIONEIN 42-1008939Plan #001PY 2023

1320 4TH STREET NE - HAMPTON, IA 504411104641-456-5636abcmcorp.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow returnsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$26.4M

+8.5% from 2022

Total participants

2,111

-10.3% from 2022

Average account balance

$13,860

+1.9% from 2022

Annual return

14.77%

+27.93 pp from 2022

Benchmarks

See 1,407 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,407 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.11M

Not enough data

1 years with asset history on file

Average account balance

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

$3K

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.

2,366

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

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$960

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

-72.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
THE FINWAY GROUP1 year Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266	Contract Administrator	$33,253
LION STREET ADVISORS LLC1 year Filed as: LION STREET ADVISORS Service code 27 515 CONGRESS AVE STE 2500 · AUSTIN, TX 78701	Advisory (Plan)	$12,559
ABCM CORPORATION5 years Service code 99 PO BOX 436 · HAMPTON, IA 50441	Other Fees	$10,600
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$7,132
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$148K

$70 / participant

Other trustee fees$136K92.2%
Other / not subdivided$12K7.8%

% of EOY assets

0.561%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

The opinion is qualified. A specific issue limited the scope or accuracy of the audit.

Auditor firm: DENMAN CPA LLP
Auditor EIN: 420794029
Audit fees: $11,600
Opinion code: Qualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,860

$50,127-72.4%

$149,673-90.7%

$80,160-82.7%

Participation rate

90.2%

64.3%+26.0pp

78.8%+11.5pp

72.9%+17.3pp

Annual return

14.77%

29.82%-15.0pp

134.42%-119.6pp

40.38%-25.6pp

Employer contribution / active EE

$1,865-100.0%

$4,818-100.0%

$2,978-100.0%

Participant deferral / active EE

$1,601

$3,194-49.9%

$5,680-71.8%

$5,017-68.1%

Admin fee / account holder

$78

$153-49.1%

$13,210-99.4%

$145-46.4%

Provider

Service type

Compensation

THE FINWAY GROUP1 year

Filed as: THE FINWAY GROUP LLC

Service code 13

5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266

Contract Administrator

$33,253

LION STREET ADVISORS LLC1 year

Filed as: LION STREET ADVISORS

Service code 27

515 CONGRESS AVE STE 2500 · AUSTIN, TX 78701

Advisory (Plan)

$12,559

ABCM CORPORATION5 years

Service code 99

PO BOX 436 · HAMPTON, IA 50441

Other Fees

$10,600

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$7,132

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

ABCM CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABCM CORPORATION 401(K) PROFIT SHARING 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