Retirement plan

THE ASSOCIATION OF SCIENCE - TECHNOLOGY CENTERS TAX SHELTERED ANNUITY

Name: THE ASSOCIATION OF SCIENCE-TECHNOLOGY CENTERS - THE ASSOCIATION OF SCIENCE - TECHNOLOGY CENTERS TAX SHELTERED ANNUITY (2019) Form 5500
Creator: THE ASSOCIATION OF SCIENCE-TECHNOLOGY CENTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ASSOCIATION OF SCIENCE - TECHNOLOGY CENTERS TAX SHELTERED ANNUITY, THE ASSOCIATION OF SCIENCE-TECHNOLOGY CENTERS

THE ASSOCIATION OF SCIENCE-TECHNOLOGY CENTERSEIN 52-1926756Plan #002PY 2019

818 CONNECTICUT AVE NW FL 7 - WASHINGTON, DC 200062702202-783-7200astc.orgLinkedIn11-50 employeesmuseums and institutions

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+25.6% from 2018

Total participants

+15.2% from 2018

Average account balance

$94,277

+8.2% from 2018

Annual return

20.04%

+24.74 pp from 2018

Benchmarks

See 35,105 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort35,105 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.48M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

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.

168.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$310K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19247

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

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

$38K

$1985 / participant

Other / not subdivided$38K100.0%

% of EOY assets

1.111%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,277

$103,038-8.5%

$90,324+4.4%

$152,909-38.3%

Participation rate

89.5%

75.9%+13.6pp

73.3%+16.2pp

82.5%+7.0pp

Annual return

20.04%

95.25%-75.2pp

78.15%-58.1pp

345.46%-325.4pp

Employer contribution / active EE

$3,860

$3,141+22.9%

$2,856+35.2%

$4,764-19.0%

Participant deferral / active EE

$5,509

$4,282+28.7%

$3,885+41.8%

$5,851-5.8%

Admin fee / account holder

$1,048

$6,177-83.0%

$5,356-80.4%

$11,601-91.0%

THE ASSOCIATION OF SCIENCE - TECHNOLOGY CENTERS TAX SHELTERED ANNUITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ASSOCIATION OF SCIENCE - TECHNOLOGY CENTERS TAX SHELTERED ANNUITY

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