Retirement plan

AMERICAN PAYROLL SERVICE 401(K) RETIREMENT PLAN

Name: AMERICAN PAYROLL SERVICE LLC - AMERICAN PAYROLL SERVICE 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: AMERICAN PAYROLL SERVICE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN PAYROLL SERVICE 401(K) RETIREMENT PLAN, AMERICAN PAYROLL SERVICE LLC

AMERICAN PAYROLL SERVICE LLCEIN 47-1078916Plan #001PY 2017

6140 PARKLAND BLVD - MAYFIELD HEIGHTS, OH 44124440-919-0403LinkedIn1-10 employees

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$6.4M

-2.7% from 2016

Total participants

455

-7.5% from 2016

Average account balance

$25,247

+32.5% from 2016

Annual return

4.51%

-1.45 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.14M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

119

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.

71.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$739K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$827

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

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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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$47,818
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN PAYROLL SERVICE Service code 35 · EIN 47-1078916	Employee (plan sponsor)	$23,500
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118	Advisory (Plan)	$15,590
COHEN & COMPANY1 year Filed as: COHEN AND CO Service code 10 · EIN 34-1912961	Accounting	$12,500

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$99K

$280 / participant

Investment mgmt$16K15.7%
Other / not subdivided$83K84.3%

% of EOY assets

1.545%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHEN & COMPANY LTD
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,247

$155,795-83.8%

$136,294-81.5%

$69,631-63.7%

Participation rate

43.2%

75.2%-32.0pp

81.9%-38.7pp

70.7%-27.5pp

Annual return

4.51%

232464.33%-232459.8pp

5155.94%-5151.4pp

27571.02%-27566.5pp

Employer contribution / active EE

$724

$2,991-75.8%

$4,695-84.6%

$2,032-64.4%

Participant deferral / active EE

$1,056

$5,394-80.4%

$6,247-83.1%

$3,224-67.3%

Admin fee / account holder

$390

$128+204.1%

$9,243-95.8%

$110+253.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$47,818

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN PAYROLL SERVICE

Service code 35 · EIN 47-1078916

Employee (plan sponsor)

$23,500

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27 · EIN 47-1411118

Advisory (Plan)

$15,590

COHEN & COMPANY1 year

Filed as: COHEN AND CO

Service code 10 · EIN 34-1912961

Accounting

$12,500

AMERICAN PAYROLL SERVICE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN PAYROLL SERVICE 401(K) RETIREMENT 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