Retirement plan

AFS INC. 401(K) PROFIT SHARING PLAN

Name: ACCOUNTING FULFILLMENT SERVICES INC - AFS INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: ACCOUNTING FULFILLMENT SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFS INC. 401(K) PROFIT SHARING PLAN, ACCOUNTING FULFILLMENT SERVICES INC

ACCOUNTING FULFILLMENT SERVICES INCEIN 47-1246548Plan #001PY 2018

260 MADISON AVENUE, SUITE 1001 - NEW YORK, NY 10016646-780-1859LinkedIn11-50 employees

Prospect flagsLow participationLow assets / participantLow employer contributionRecently reached 100 employeesLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$1.8M

+6.1% from 2017

Total participants

194

+44.8% from 2017

Average account balance

$12,583

-41.8% from 2017

Annual return

-6.29%

-24.56 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.06M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

266

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

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

+16.54%

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1 year Filed as: COMMONWEALTH EQUITY SERVICES LLC Service code 27 29 SAWYER ROD · WALTHAM, MA 024533483	Advisory (Plan)	$8,937
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: THE PARAGON ALLIANCE GROUP Service code 13 300 HARLEYSVILLE PIKE · SOUDERTON, PA 189642139	Contract Administrator	$2,185
CAPTIAL BANK AND TRUST1 year Filed as: CAPTIAL RESEARCH AND MANAGMENT COI Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$1,361

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$9K

$69 / participant

Contract admin$9K100.0%

% of EOY assets

0.495%

all-in expense ratio

Categories reported

1 / 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: WISS & COMPANY, LLP
Auditor EIN: 221732349
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,583

$73,102-82.8%

$123,553-89.8%

$56,289-77.6%

Participation rate

63.4%

74.3%-11.0pp

82.3%-18.9pp

69.9%-6.5pp

Annual return

-6.29%

3.01%-9.3pp

119.21%-125.5pp

-9.96%+3.7pp

Employer contribution / active EE

$367

$2,977-87.7%

$4,628-92.1%

$2,111-82.6%

Participant deferral / active EE

$2,695

$5,423-50.3%

$6,426-58.1%

$3,350-19.5%

Admin fee / account holder

$62

$554-88.8%

$9,284-99.3%

$521-88.1%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1 year

Filed as: COMMONWEALTH EQUITY SERVICES LLC

Service code 27

29 SAWYER ROD · WALTHAM, MA 024533483

Advisory (Plan)

$8,937

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: THE PARAGON ALLIANCE GROUP

Service code 13

300 HARLEYSVILLE PIKE · SOUDERTON, PA 189642139

Contract Administrator

$2,185

CAPTIAL BANK AND TRUST1 year

Filed as: CAPTIAL RESEARCH AND MANAGMENT COI

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$1,361

AFS INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFS INC. 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