Retirement plan

ASCO 401(K) PLAN

Name: ASCO AEROSPACE USA, LLC - ASCO 401(K) PLAN (2022) Form 5500
Creator: ASCO AEROSPACE USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASCO 401(K) PLAN, ASCO AEROSPACE USA, LLC

ASCO AEROSPACE USA, LLCEIN 45-5519685Plan #001PY 2022

3003 NORTH PERKINS RD - STILLWATER, OK 74075405-533-5813

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.5M

-19.8% from 2021

Total participants

144

-4.0% from 2021

Average account balance

$33,910

-9.0% from 2021

Annual return

-13.77%

-25.56 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.09M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

103

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$619K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2856

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,014
CETERA ADVISOR NETWORKS LLC7 years Filed as: CETERA ADVISOR NETWORKS, LLC Service code 27 2301 ROSECRANS AVE, #5100 · EL SEGUNDO, CA 902455670	Advisory (Plan)	$8,978
PASI, LLC7 years Service code 13 10 TALCOTT NOTCH RD. · FARMINGTON, CT 06032	Contract Administrator	$5,776

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$48K

$398 / participant

Investment mgmt$9K18.6%
Contract admin$39K81.4%

% of EOY assets

1.366%

all-in expense ratio

Categories reported

2 / 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: MURETCPA
Auditor EIN: 200541859
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,910

$65,453-48.2%

$86,698-60.9%

$66,938-49.3%

Participation rate

66.9%

75.5%-8.5pp

76.6%-9.6pp

69.8%-2.9pp

Annual return

-13.77%

-10.89%-2.9pp

35.95%-49.7pp

1.58%-15.4pp

Employer contribution / active EE

$1,553

$2,154-27.9%

$2,837-45.3%

$2,545-39.0%

Participant deferral / active EE

$2,193

$4,102-46.5%

$4,656-52.9%

$4,238-48.3%

Admin fee / account holder

$463

$642-27.8%

$7,493-93.8%

$594-22.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,014

CETERA ADVISOR NETWORKS LLC7 years

Filed as: CETERA ADVISOR NETWORKS, LLC

Service code 27

2301 ROSECRANS AVE, #5100 · EL SEGUNDO, CA 902455670

Advisory (Plan)

$8,978

PASI, LLC7 years

Service code 13

10 TALCOTT NOTCH RD. · FARMINGTON, CT 06032

Contract Administrator

$5,776

ASCO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASCO 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