Retirement plan

ALATION, INC. RETIREMENT TRUST

Name: ALATION, INC. - ALATION, INC. RETIREMENT TRUST (2024) Form 5500
Creator: ALATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALATION, INC. RETIREMENT TRUST, ALATION, INC.

ALATION, INC.EIN 46-1989601Plan #001PY 2024

3 LAGOON DRIVE, SUITE 300 - REDWOOD CITY, CA 94065844-401-2253alation.comLinkedIn501-1000 employeescomputer software

Prospect flagsHigh feesLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$34.7M

+17.3% from 2023

Total participants

520

-9.7% from 2023

Average account balance

$67,287

+29.2% from 2023

Annual return

16.00%

-11.00 pp from 2023

Benchmarks

See 614 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort614 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.65M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

515

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+16.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$349

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
ASCENSUS LLC6 years Filed as: FORUSALL ADVISORS Service code 27 · EIN 46-1803145	Advisory (Plan)	$115,929
THE VANGUARD GROUP, INC.6 years Service code 15 · EIN 23-1945930	Recordkeeping	$50,265
FRANK RIMERMAN & CO LLP1 year Filed as: FRANK RIMERMAN & CO LLP. Service code 10 DEPT. 880667 · PHOENIX, AZ 85038	Accounting	$13,650

Plan features & details

Pension benefit codes2A2S2E3D2G2J2K2F2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$180K

$645 / participant

Investment mgmt$116K64.5%
Contract admin$50K27.9%
Other / not subdivided$14K7.6%

% of EOY assets

0.519%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANK RIMMERMAN CO. LLP
Auditor EIN: 941341042
Audit fees: $13,650
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,287

$89,808-25.1%

$100,383-33.0%

$77,671-13.4%

Participation rate

98.2%

81.2%+17.0pp

81.5%+16.7pp

70.6%+27.6pp

Annual return

16.00%

20.62%-4.6pp

49.26%-33.3pp

31.21%-15.2pp

Employer contribution / active EE

$3,224

$3,039+6.1%

$3,944-18.3%

$2,726+18.2%

Participant deferral / active EE

$22,049

$8,284+166.2%

$8,086+172.7%

$4,648+374.4%

Admin fee / account holder

$349

$174+100.3%

$7,900-95.6%

$430-18.9%

Provider

Service type

Compensation

ASCENSUS LLC6 years

Filed as: FORUSALL ADVISORS

Service code 27 · EIN 46-1803145

Advisory (Plan)

$115,929

THE VANGUARD GROUP, INC.6 years

Service code 15 · EIN 23-1945930

Recordkeeping

$50,265

FRANK RIMERMAN & CO LLP1 year

Filed as: FRANK RIMERMAN & CO LLP.

Service code 10

DEPT. 880667 · PHOENIX, AZ 85038

Accounting

$13,650

ALATION, INC. RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALATION, INC. RETIREMENT 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