Retirement plan

ACCE BENEFIT TRUST PROFIT SHARING PLAN

Name: ACCE BENEFIT TRUST - ACCE BENEFIT TRUST PROFIT SHARING PLAN (2019) Form 5500
Creator: ACCE BENEFIT TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCE BENEFIT TRUST PROFIT SHARING PLAN, ACCE BENEFIT TRUST

ACCE BENEFIT TRUSTEIN 54-6487038Plan #001PY 2019

1330 BRADDOCK PLACE, SUITE 300 - ALEXANDRIA, VA 22314800-394-2223

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 17, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$375M

No prior year

Total participants

4,732

No prior year

Average account balance

$83,295

No prior year

Annual return

18.13%

+118.34 pp from 2017

Benchmarks

See 242 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort242 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$464.82M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

5,161

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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 8 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,697,966
FRINGE BENEFITS, INC2 years Service code 13 · EIN 52-0895753	Contract Administrator	$599,597
BKD, LLP2 years Service code 10 · EIN 44-0160260	Accounting	$55,952
TRUST ADMINISTRATORS, LLC2 years Service code 16 · EIN 61-1861358	Consulting	$50,000
HR INVESTMENT CONSULTANTS INC2 years Service code 16 · EIN 52-1662003	Consulting	$42,084
THE NOVICK GROUP2 years Service code 49 · EIN 52-1635321	Other Services	$32,261
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-2923857	Advisory (Participants)	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$1.7M

$508 / participant

Contract admin$2M100.0%
Other / not subdivided$7410.0%

% of EOY assets

0.451%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,295

$44,794+85.9%

$90,336-7.8%

$77,775+7.1%

Participation rate

93.1%

66.6%+26.5pp

73.3%+19.8pp

73.2%+19.9pp

Annual return

18.13%

28.23%-10.1pp

78.15%-60.0pp

32.58%-14.5pp

Employer contribution / active EE

$4,079

$1,809+125.5%

$2,856+42.8%

$2,504+62.9%

Participant deferral / active EE

$5,087

$2,642+92.6%

$3,886+30.9%

$3,966+28.3%

Admin fee / account holder

$376

$94+298.2%

$5,357-93.0%

$100+275.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,697,966

FRINGE BENEFITS, INC2 years

Service code 13 · EIN 52-0895753

Contract Administrator

$599,597

BKD, LLP2 years

Service code 10 · EIN 44-0160260

Accounting

$55,952

TRUST ADMINISTRATORS, LLC2 years

Service code 16 · EIN 61-1861358

Consulting

$50,000

HR INVESTMENT CONSULTANTS INC2 years

Service code 16 · EIN 52-1662003

Consulting

$42,084

THE NOVICK GROUP2 years

Service code 49 · EIN 52-1635321

Other Services

$32,261

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26 · EIN 36-2923857

Advisory (Participants)

WILSHIRE ASSOCIATES INCORPORATED5+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ACCE BENEFIT TRUST PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCE BENEFIT TRUST PROFIT SHARING PLAN

Top hat statement on fileNQDC

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