Retirement plan

APPLIED INFORMATION SCIENCES, INC. EMPLOYEES' 401(K) RETIREMENT PLAN

Name: APPLIED INFORMATION SCIENCES, INC. - APPLIED INFORMATION SCIENCES, INC. EMPLOYEES' 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: APPLIED INFORMATION SCIENCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPLIED INFORMATION SCIENCES, INC. EMPLOYEES' 401(K) RETIREMENT PLAN, APPLIED INFORMATION SCIENCES, INC.

APPLIED INFORMATION SCIENCES, INC.EIN 52-1237004Plan #002PY 2023

11440 COMMERCE PARK DRIVE SUITE 600 - RESTON, VA 20191703-860-7800appliedinformationsciences.comLinkedIn201-500 employees

Other plans on this EIN

1 filing

#003Retirement-$38.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$86.1M

+24.7% from 2022

Total participants

650

-7.8% from 2022

Average account balance

$135,853

+26.3% from 2022

Annual return

20.12%

+35.05 pp from 2022

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$100.00M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

629

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.

88.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$330

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION9+ years Service code 13 · EIN 35-0472300 PO BOX 7877 · FORT WAYNE, IN 46802	Contract Administrator	$192,025
PENNSYLVANIA PENSION PLANNERS, INC.7 years Filed as: PENNSYLVANIA PENSION PLANNERS Service code 15 · EIN 45-2712335 2090 LINGLESTOWN ROAD SUITE 201 · HARRISBURG, PA 17110	Recordkeeping	$42,806

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$198K

$452 / participant

Contract admin$198K100.0%

% of EOY assets

0.229%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GROSSBERG COMPANY LLP
Auditor EIN: 520807134
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$135,853

$95,438+42.3%

$135,982-0.1%

$74,473+82.4%

Participation rate

96.3%

78.2%+18.1pp

81.9%+14.4pp

70.7%+25.6pp

Annual return

20.12%

32.61%-12.5pp

68.32%-48.2pp

34.36%-14.2pp

Employer contribution / active EE

$6,635

$3,878+71.1%

$4,859+36.6%

$2,638+151.5%

Participant deferral / active EE

$13,431

$7,790+72.4%

$7,760+73.1%

$4,530+196.5%

Admin fee / account holder

$312

$259+20.3%

$10,767-97.1%

$347-10.2%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION9+ years

Service code 13 · EIN 35-0472300

PO BOX 7877 · FORT WAYNE, IN 46802

Contract Administrator

$192,025

PENNSYLVANIA PENSION PLANNERS, INC.7 years

Filed as: PENNSYLVANIA PENSION PLANNERS

Service code 15 · EIN 45-2712335

2090 LINGLESTOWN ROAD SUITE 201 · HARRISBURG, PA 17110

Recordkeeping

$42,806

APPLIED INFORMATION SCIENCES, INC. EMPLOYEES' 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLIED INFORMATION SCIENCES, INC. EMPLOYEES' 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