Retirement plan

ABO 401(K) AND PROFIT SHARING PLAN

Name: AMERICA'S BACK OFFICE, INC. - ABO 401(K) AND PROFIT SHARING PLAN (2016) Form 5500
Creator: AMERICA'S BACK OFFICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABO 401(K) AND PROFIT SHARING PLAN, AMERICA'S BACK OFFICE, INC.

AMERICA'S BACK OFFICE, INC.EIN 47-4975107Plan #001PY 2016

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$18.2M

+1.8% from 2015

Total participants

1,752

+66.5% from 2015

Average account balance

$34,303

-28.1% from 2015

Annual return

7.63%

+6.32 pp from 2015

Benchmarks

See 280 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort280 peers

Snapshot2016

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE Service code 15 · EIN 36-6071399	Recordkeeping	$37,824
APPLIED PLAN ADMINISTRATORS LLC1 year Filed as: APPLIED PLAN ADMINISTRATORS, LLC Service code 15 · EIN 38-2626966	Recordkeeping	$24,539
JASON UNDERWOOD CPA, PLLC2+ years Filed as: JASON F. CLAUSEN & ASSOC Service code 10 · EIN 27-4097479	Accounting	$7,000
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 22 · EIN 74-2794194	Insurance Broker	$3,371
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSUR AND ANNUITY Service code 27 · EIN 71-0294708	Advisory (Plan)	$1,625
MORNINGSTAR2+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$716

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$74K

$46 / participant

Contract admin$67K90.5%
Other / not subdivided$7K9.5%

% of EOY assets

0.406%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,303

$31,370+9.3%

$74,577-54.0%

$63,975-46.4%

Participation rate

23.4%

42.6%-19.1pp

68.1%-44.7pp

71.1%-47.7pp

Annual return

7.63%

-105.16%+112.8pp

20.47%-12.8pp

48.65%-41.0pp

Employer contribution / active EE

$221

$822-73.2%

$2,525-91.3%

$2,182-89.9%

Participant deferral / active EE

$765

$1,560-51.0%

$3,458-77.9%

$3,356-77.2%

Admin fee / account holder

$139

$77+81.2%

$4,138-96.6%

$70+97.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE

Service code 15 · EIN 36-6071399

Recordkeeping

$37,824

APPLIED PLAN ADMINISTRATORS LLC1 year

Filed as: APPLIED PLAN ADMINISTRATORS, LLC

Service code 15 · EIN 38-2626966

Recordkeeping

$24,539

JASON UNDERWOOD CPA, PLLC2+ years

Filed as: JASON F. CLAUSEN & ASSOC

Service code 10 · EIN 27-4097479

Accounting

$7,000

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 22 · EIN 74-2794194

Insurance Broker

$3,371

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSUR AND ANNUITY

Service code 27 · EIN 71-0294708

Advisory (Plan)

$1,625

MORNINGSTAR2+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$716

ABO 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABO 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