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 (2023) 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 2023

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)

$4.3M

+22.9% from 2022

Total participants

286

+9.6% from 2022

Average account balance

$32,277

+3.3% from 2022

Annual return

18.86%

+35.10 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
BWS ADVISORS LLC4 years Service code 27 2770 ELECTRIC RD · ROANOKE, VA 24018	Advisory (Plan)	$7,016
METRO BENEFITS, INC.2 years Service code 13 8150 PERRY HWY STE 311 · PITTSBURGH, PA 15237	Contract Administrator	$6,250

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

$86 / participant

Contract admin$22K100.0%

% of EOY assets

0.519%

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: 814474059
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,277

$47,163-31.6%

$149,696-78.4%

$74,460-56.7%

Participation rate

39.8%

63.4%-23.6pp

78.8%-38.9pp

70.7%-30.9pp

Annual return

18.86%

22.75%-3.9pp

134.46%-115.6pp

34.38%-15.5pp

Employer contribution / active EE

$1,057

$1,907-44.6%

$4,821-78.1%

$2,638-60.0%

Participant deferral / active EE

$934

$2,730-65.8%

$5,682-83.6%

$4,530-79.4%

Admin fee / account holder

$168

$343-51.1%

$13,212-98.7%

$348-51.8%

Provider

Service type

Compensation

BWS ADVISORS LLC4 years

Service code 27

2770 ELECTRIC RD · ROANOKE, VA 24018

Advisory (Plan)

$7,016

METRO BENEFITS, INC.2 years

Service code 13

8150 PERRY HWY STE 311 · PITTSBURGH, PA 15237

Contract Administrator

$6,250

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