Retirement plan

ANALYTICAL SERVICES & MATERIALS, INC. 401(K) PROFIT SHARING PLAN

Name: ANALYTICAL SERVICES & MATERIALS, INC. - ANALYTICAL SERVICES & MATERIALS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: ANALYTICAL SERVICES & MATERIALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANALYTICAL SERVICES & MATERIALS, INC. 401(K) PROFIT SHARING PLAN, ANALYTICAL SERVICES & MATERIALS, INC.

ANALYTICAL SERVICES & MATERIALS, INC.EIN 54-1244719Plan #001PY 2016

107 RESEARCH DR - HAMPTON, VA 236661340757-865-7093asm-usa.comLinkedIn51-200 employeesdefense & space

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13.8M

+3.0% from 2015

Total participants

117

-7.9% from 2015

Average account balance

$133,534

+18.0% from 2015

Annual return

6.63%

+5.37 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.02M

Not enough data

1 years with asset history on file

Average account balance

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

$199K

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.

131

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$928K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$837

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$24,234
RAYMOND JAMES FINANCIAL SERVICES2+ years Filed as: RAYMOND JAMES FINANCIAL SERVICES IN Service code 49 · EIN 59-1531281	Other Services	$14,197
MALVIN RIGGINS & COMPANY PC1 year Filed as: MALVIN,RIGGINS & CO,P.C. Service code 10 · EIN 54-1383985	Accounting	$11,550
RAYMOND JAMES FINANCIAL SERVICES2+ years Filed as: RAYMOND JAMES INSURANCE GROUP INC Service code 49 · EIN 59-1199408	Other Services	$3,166
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$651 / participant

Contract admin$24K67.7%
Other / not subdivided$12K32.3%

% of EOY assets

0.260%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MALVIN, RIGGINS & COMPANY, P.C.
Auditor EIN: 541383985
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,534

$76,551+74.4%

$123,894+7.8%

$62,881+112.4%

Participation rate

74.5%

73.0%+1.6pp

81.4%-6.9pp

69.3%+5.2pp

Annual return

6.63%

18.68%-12.0pp

47.52%-40.9pp

20.14%-13.5pp

Employer contribution / active EE

$1,722

$2,882-40.2%

$4,617-62.7%

$2,281-24.5%

Participant deferral / active EE

$6,631

$4,840+37.0%

$5,984+10.8%

$3,203+107.0%

Admin fee / account holder

$347

$4,826-92.8%

$8,357-95.8%

$4,296-91.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$24,234

RAYMOND JAMES FINANCIAL SERVICES2+ years

Filed as: RAYMOND JAMES FINANCIAL SERVICES IN

Service code 49 · EIN 59-1531281

Other Services

$14,197

MALVIN RIGGINS & COMPANY PC1 year

Filed as: MALVIN,RIGGINS & CO,P.C.

Service code 10 · EIN 54-1383985

Accounting

$11,550

RAYMOND JAMES FINANCIAL SERVICES2+ years

Filed as: RAYMOND JAMES INSURANCE GROUP INC

Service code 49 · EIN 59-1199408

Other Services

$3,166

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ANALYTICAL SERVICES & MATERIALS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANALYTICAL SERVICES & MATERIALS, INC. 401(K) PROFIT SHARING 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