Retirement plan

A.S.F. HEARING AID CENTERS 401(K) PROFIT SHARING PLAN AND TRUST

Name: A.S.F. HEARING AID CENTERS, INC. - A.S.F. HEARING AID CENTERS 401(K) PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: A.S.F. HEARING AID CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A.S.F. HEARING AID CENTERS 401(K) PROFIT SHARING PLAN AND TRUST, A.S.F. HEARING AID CENTERS, INC.

A.S.F. HEARING AID CENTERS, INC.EIN 55-0842888Plan #001PY 2019

12 JUSTIN COURT - CORTLANDT MANOR, NY 10567914-262-8414

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$337K

No prior year

Total participants

+22.2% from 2018

Average account balance

$42,092

No prior year

Annual return

13.77%

+113.77 pp from 2018

Benchmarks

See 18,795 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,795 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$635K

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+32.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$431

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 codes2E2F2G2J2T3D

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.
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

$388K

$35296 / participant

Other / not subdivided$388K100.0%

% of EOY assets

115.299%

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

$42,092

$106,905-60.6%

$84,020-49.9%

$152,885-72.5%

Participation rate

72.7%

75.2%-2.5pp

69.0%+3.7pp

82.5%-9.7pp

Annual return

13.77%

105.00%-91.2pp

71.31%-57.5pp

345.39%-331.6pp

Employer contribution / active EE

$2,735-100.0%

$1,984-100.0%

$4,763-100.0%

Participant deferral / active EE

$1,850

$4,012-53.9%

$3,239-42.9%

$5,851-68.4%

Admin fee / account holder

$48,532

$8,287+485.7%

$6,101+695.5%

$11,598+318.4%

A.S.F. HEARING AID CENTERS 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A.S.F. HEARING AID CENTERS 401(K) PROFIT SHARING PLAN AND TRUST

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