Retirement plan

APPLIED ENGINEERING SOLUTIONS, INC. 401K PLAN

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

APPLIED ENGINEERING SOLUTIONS, INC.EIN 57-1069096Plan #001PY 2020

250 COMMONWEALTH DR STE 200 - GREENVILLE, SC 29615864-404-3028

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed May 29, 2024 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

P.O. Box 26566

Greenville, SC 29616

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Plans declared (1)

aeSolutions Phantom Equity Compensation Plan6 emp

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Total assets (EOY)

$16.1M

+13.3% from 2019

Total participants

229

+1.8% from 2019

Average account balance

$70,242

+11.3% from 2019

Annual return

16.47%

-10.06 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.43M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

178

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$376

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 2 by compensation

Provider	Service type	Compensation
LOCKTON INVESTMENT ADVISORS, LLC4 years Filed as: LOCKTON INVESTMENT ADVISORS Service code 99 · EIN 20-8874282	Other Fees	$34,798
VOYA RETIREMENT INSURANCE & ANNUITY6+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$3,097

Plan features & details

Pension benefit codes2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$4K

$37 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

0 / 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: POPE, SMITH, BROWN AND KING PA
Auditor EIN: 570839686
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,242

$99,957-29.7%

$149,745-53.1%

$73,497-4.4%

Participation rate

100.0%

75.7%+24.3pp

82.5%+17.5pp

70.7%+29.3pp

Annual return

16.47%

53.87%-37.4pp

276.72%-260.3pp

28.51%-12.0pp

Employer contribution / active EE

$3,357

$3,191+5.2%

$4,646-27.7%

$2,270+47.9%

Participant deferral / active EE

$7,336

$6,073+20.8%

$6,843+7.2%

$3,740+96.2%

Admin fee / account holder

$19

$551-96.5%

$9,312-99.8%

$513-96.2%

Provider

Service type

Compensation

LOCKTON INVESTMENT ADVISORS, LLC4 years

Filed as: LOCKTON INVESTMENT ADVISORS

Service code 99 · EIN 20-8874282

Other Fees

$34,798

VOYA RETIREMENT INSURANCE & ANNUITY6+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$3,097

APPLIED ENGINEERING SOLUTIONS, INC. 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLIED ENGINEERING SOLUTIONS, INC. 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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