Retirement plan

ADMINISTRATIVE EMPLOYER SERVICES INC. 401(K) AND PROFIT SHARING PLAN

Name: AMERICA'S BACK OFFICE, INC. - ADMINISTRATIVE EMPLOYER SERVICES INC. 401(K) AND PROFIT SHARING PLAN (2015) Form 5500
Creator: AMERICA'S BACK OFFICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADMINISTRATIVE EMPLOYER SERVICES INC. 401(K) AND PROFIT SHARING PLAN, AMERICA'S BACK OFFICE, INC.

AMERICA'S BACK OFFICE, INC.EIN 47-4975107Plan #001PY 2015

13900 LAKESIDE CIRCLE, STE 200 - STERLING HEIGHTS, MI 48313586-997-3377americasbackoffice.comLinkedIn11-50 employeeshuman resources

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$17.9M

No prior year

Total participants

1,052

No prior year

Average account balance

$47,732

No prior year

Annual return

1.32%

No prior year

Benchmarks

See 563 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort563 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.26M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

2,528

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.

29.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+30.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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 7 by compensation

Provider	Service type	Compensation
JASON F CLAUSEN PC1+ years Filed as: JASON F. CLAUSEN, P.C. Service code 10	Accounting	$12,200
KRI PENSION SERVICES1+ years Service code 15 · EIN 26-3160357	Recordkeeping	$11,487
APPLIED PLAN ADMINISTRATORS LLC1+ years Filed as: APPLIED PLAN ADMINISTRATORS Service code 15 · EIN 46-5761416	Recordkeeping	$8,670
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 15 · EIN 71-0294708	Recordkeeping	$7,075
MORNINGSTAR1+ years Filed as: MORINGSTAR Service code 27	Advisory (Plan)	$4,814
JASON UNDERWOOD CPA, PLLC1+ years Filed as: JASON F. CLAUSEN & ASSOC Service code 10 · EIN 27-4097479	Accounting	$0
MORNINGSTAR1+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$27K

$30 / participant

Contract admin$27K100.0%

% of EOY assets

0.153%

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: JASEN CLAUSEN PC
Auditor EIN: 274097479
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,732

$27,330+74.7%

$67,704-29.5%

$55,191-13.5%

Participation rate

25.3%

47.5%-22.2pp

67.5%-42.2pp

69.2%-43.8pp

Annual return

1.32%

8.81%-7.5pp

25.41%-24.1pp

10.78%-9.5pp

Employer contribution / active EE

$399

$855-53.3%

$2,559-84.4%

$1,899-79.0%

Participant deferral / active EE

$1,280

$1,709-25.1%

$3,585-64.3%

$3,046-58.0%

Admin fee / account holder

$73

$109-33.4%

$4,255-98.3%

$91-19.8%

Provider

Service type

Compensation

JASON F CLAUSEN PC1+ years

Filed as: JASON F. CLAUSEN, P.C.

Service code 10

Accounting

$12,200

KRI PENSION SERVICES1+ years

Service code 15 · EIN 26-3160357

Recordkeeping

$11,487

APPLIED PLAN ADMINISTRATORS LLC1+ years

Filed as: APPLIED PLAN ADMINISTRATORS

Service code 15 · EIN 46-5761416

Recordkeeping

$8,670

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 15 · EIN 71-0294708

Recordkeeping

$7,075

MORNINGSTAR1+ years

Filed as: MORINGSTAR

Service code 27

Advisory (Plan)

$4,814

JASON UNDERWOOD CPA, PLLC1+ years

Filed as: JASON F. CLAUSEN & ASSOC

Service code 10 · EIN 27-4097479

Accounting

MORNINGSTAR1+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

ADMINISTRATIVE EMPLOYER SERVICES INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADMINISTRATIVE EMPLOYER SERVICES INC. 401(K) AND 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