Retirement plan

A.S. MANAGEMENT, INC 401(K) PLAN

Name: A.S. MANAGEMENT, INC. - A.S. MANAGEMENT, INC 401(K) PLAN (2020) Form 5500
Creator: A.S. MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A.S. MANAGEMENT, INC 401(K) PLAN, A.S. MANAGEMENT, INC.

A.S. MANAGEMENT, INC.EIN 56-2169489Plan #001PY 2020

P. O. BOX 4387, 131 CROSSLAKE PARK DR. SUITE 207 - MOORESVILLE, NC 28117704-662-9152

Prospect flagsLow returnsHigh feesLow participationLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+0.3% from 2019

Total participants

129

-35.2% from 2019

Average account balance

$64,650

+0.3% from 2019

Annual return

11.16%

-10.97 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.63M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

27.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$138K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9345

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 P O BOX 219602 · KANSAS CITY, MO 64105	Recordkeeping	$7,480
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 49 · EIN 36-2429599 P O BOX 21962 · KANSAS CITY, MO 64105	Other Services	$6,100
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LUNCH LIFE AGENCY Service code 49 · EIN 13-2808480	Other Services	$3,942
MAXUS PLAN SOLUTIONS5+ years Filed as: MAXUS PLAN SOLUTIONS, INC Service code 63 · EIN 45-4012897 13850 BALLANTYPE CORP PL · CHARLOTTE, NC 28277	12b-1 Fees	$710
OTHER2 years Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
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

$14K

$117 / participant

Contract admin$14K100.0%

% of EOY assets

0.840%

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: ELLIOTT GROUP CPA'S PLLC
Auditor EIN: 454771754
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,650

$43,133+49.9%

$89,400-27.7%

$73,493-12.0%

Participation rate

10.3%

55.0%-44.6pp

68.0%-57.6pp

70.7%-60.3pp

Annual return

11.16%

135.66%-124.5pp

245.64%-234.5pp

28.51%-17.4pp

Employer contribution / active EE

$222

$1,438-84.5%

$2,586-91.4%

$2,270-90.2%

Participant deferral / active EE

$490

$2,445-80.0%

$3,890-87.4%

$3,740-86.9%

Admin fee / account holder

$543

$444+22.4%

$4,882-88.9%

$513+5.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 15 · EIN 04-1590850

P O BOX 219602 · KANSAS CITY, MO 64105

Recordkeeping

$7,480

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 49 · EIN 36-2429599

P O BOX 21962 · KANSAS CITY, MO 64105

Other Services

$6,100

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LUNCH LIFE AGENCY

Service code 49 · EIN 13-2808480

Other Services

$3,942

MAXUS PLAN SOLUTIONS5+ years

Filed as: MAXUS PLAN SOLUTIONS, INC

Service code 63 · EIN 45-4012897

13850 BALLANTYPE CORP PL · CHARLOTTE, NC 28277

12b-1 Fees

$710

OTHER2 years

Service code 15

Recordkeeping

A.S. MANAGEMENT, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A.S. MANAGEMENT, INC 401(K) 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