Retirement plan

AFFORDABLE ENGINEERING SERVICES, INC. 401(K) PLAN

Name: AFFORDABLE ENGINEERING SERVICES, INC. - AFFORDABLE ENGINEERING SERVICES, INC. 401(K) PLAN (2021) Form 5500
Creator: AFFORDABLE ENGINEERING SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFFORDABLE ENGINEERING SERVICES, INC. 401(K) PLAN, AFFORDABLE ENGINEERING SERVICES, INC.

AFFORDABLE ENGINEERING SERVICES, INC.EIN 59-3812042Plan #001PY 2021

1455 FRAZEE RD, STE 860 - SAN DIEGO, CA 92108619-522-9800affordservices.comLinkedIn501-1000 employeesdefense & space

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$14M

+14.0% from 2020

Total participants

699

-49.9% from 2020

Average account balance

$27,687

+70.4% from 2020

Annual return

15.02%

+2.59 pp from 2020

Benchmarks

See 1,300 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,300 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.88M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

428

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.

46.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$307

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 4 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1 year Service code 27 120 VANTIS · ALISO VIEJO, CA 926562689	Advisory (Plan)	$51,734
MALCOLM THOMPSON & ASSOCIATES1 year Filed as: MALCOLM THOMPSON & ASSOCIATES INC Service code 13 20445 STATE HWY 249 · HOUSTON, TX 77070	Contract Administrator	$21,419
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,430
FLEXPATH STRATEGIES, LLC1 year Filed as: FLEXPATH STRATEGIES LLC Service code 99 120 VANTIS · ALISO VIEJO, CA 92656	Other Fees	$4,405

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$93K

$238 / participant

Contract admin$93K100.0%

% of EOY assets

0.659%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JAMES MILLER, P.C.
Auditor EIN: 271127796
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,687

$78,275-64.6%

$109,163-74.6%

$86,813-68.1%

Participation rate

50.6%

73.8%-23.2pp

75.9%-25.2pp

72.3%-21.6pp

Annual return

15.02%

19.14%-4.1pp

25.75%-10.7pp

97.93%-82.9pp

Employer contribution / active EE

$1,840

$3,105-40.7%

$3,723-50.6%

$2,406-23.5%

Participant deferral / active EE

$2,927

$3,641-19.6%

$4,654-37.1%

$4,131-29.2%

Admin fee / account holder

$183

$198-8.0%

$6,754-97.3%

$170+7.6%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Service code 27

120 VANTIS · ALISO VIEJO, CA 926562689

Advisory (Plan)

$51,734

MALCOLM THOMPSON & ASSOCIATES1 year

Filed as: MALCOLM THOMPSON & ASSOCIATES INC

Service code 13

20445 STATE HWY 249 · HOUSTON, TX 77070

Contract Administrator

$21,419

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,430

FLEXPATH STRATEGIES, LLC1 year

Filed as: FLEXPATH STRATEGIES LLC

Service code 99

120 VANTIS · ALISO VIEJO, CA 92656

Other Fees

$4,405

AFFORDABLE ENGINEERING SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFFORDABLE ENGINEERING SERVICES, 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