Retirement plan

APPALACHIAN AGENCY FOR SENIOR CITIZENS, INC. 403(B) PLAN

Name: APPALACHIAN AGENCY FOR SENIOR CITIZENS - APPALACHIAN AGENCY FOR SENIOR CITIZENS, INC. 403(B) PLAN (2020) Form 5500
Creator: APPALACHIAN AGENCY FOR SENIOR CITIZENS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPALACHIAN AGENCY FOR SENIOR CITIZENS, INC. 403(B) PLAN, APPALACHIAN AGENCY FOR SENIOR CITIZENS

APPALACHIAN AGENCY FOR SENIOR CITIZENSEIN 54-0990533Plan #001PY 2020

216 COLLEGE RIDGE ROAD - CEDAR BLUFF, VA 24609276-964-4915aasc.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

+16.3% from 2019

Total participants

138

-53.7% from 2019

Average account balance

$35,630

+8.9% from 2019

Annual return

18.82%

+0.73 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.34M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

159

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.

55.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$643K

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

+12.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
BWS ADVISORS LLC1 year Service code 27 2770 ELECTRIC RD · ROANOKE, VA 24018	Advisory (Plan)	$6,905
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$788

Plan features & details

Pension benefit codes2E2F2G2K2L2T3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$22K

$187 / participant

Investment mgmt$22K100.0%

% of EOY assets

0.643%

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: LALLY & CO, LLC
Auditor EIN: 251846963
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,630

$58,895-39.5%

$178,503-80.0%

$73,497-51.5%

Participation rate

61.7%

66.2%-4.5pp

81.9%-20.2pp

70.7%-8.9pp

Annual return

18.82%

24.86%-6.0pp

151.12%-132.3pp

28.51%-9.7pp

Employer contribution / active EE

$1,751

$2,236-21.7%

$5,011-65.1%

$2,270-22.9%

Participant deferral / active EE

$1,180

$2,567-54.0%

$5,202-77.3%

$3,740-68.5%

Admin fee / account holder

$229

$400-42.7%

$13,987-98.4%

$513-55.3%

Provider

Service type

Compensation

BWS ADVISORS LLC1 year

Service code 27

2770 ELECTRIC RD · ROANOKE, VA 24018

Advisory (Plan)

$6,905

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$788

APPALACHIAN AGENCY FOR SENIOR CITIZENS, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPALACHIAN AGENCY FOR SENIOR CITIZENS, INC. 403(B) 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