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 (2021) 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 2021

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)

$3.8M

-6.9% from 2020

Total participants

0.0% from 2020

Average account balance

$94,868

-6.9% from 2020

Annual return

15.11%

+1.80 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

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

$1.2M

$60757 / participant

Other / not subdivided$1M100.0%

% of EOY assets

30.421%

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

$94,868

$109,872-13.7%

$98,483-3.7%

$167,536-43.4%

Participation rate

94.7%

75.8%+18.9pp

73.3%+21.4pp

82.1%+12.6pp

Annual return

15.11%

1959.31%-1944.2pp

1494.38%-1479.3pp

478.82%-463.7pp

Employer contribution / active EE

$6,098

$3,225+89.1%

$2,961+106.0%

$4,839+26.0%

Participant deferral / active EE

$6,658

$4,673+42.5%

$4,276+55.7%

$6,342+5.0%

Admin fee / account holder

$28,860

$6,757+327.1%

$5,953+384.8%

$12,315+134.4%

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