Retirement plan

AFFORDABLE ENGINEERING SERVICES, INC. 401(K) PLAN

Name: AFFORDABLE ENGINEERING SERVICES, INC. - AFFORDABLE ENGINEERING SERVICES, INC. 401(K) PLAN (2023) 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 2023

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)

$13.2M

+14.1% from 2022

Total participants

659

+10.0% from 2022

Average account balance

$34,526

+45.1% from 2022

Annual return

17.33%

+31.61 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$59,821
NFP RETIREMENT INC3 years Service code 27 120 VANTIS · ALISO VIEJO, CA 926562689	Advisory (Plan)	$27,694
ECONOMIC GROUP PENSION SERVICES2 years Service code 13 · EIN 13-3180178 917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609	Contract Administrator	$12,399
JAMES A. REICHERT1 year Filed as: JAMES MILLER CPA PC Service code 10 4800 LAKEWOOD DR · WACO, TX 76710	Accounting	$9,450
FLEXPATH STRATEGIES, LLC3 years Filed as: FLEXPATH STRATEGIES LLC Service code 99 120 VANTIS · ALISO VIEJO, CA 92656	Other Fees	$5,974

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

$108K

$345 / participant

Investment mgmt$108K100.0%

% of EOY assets

0.816%

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

$34,526

$93,010-62.9%

$96,515-64.2%

$74,460-53.6%

Participation rate

11.8%

71.6%-59.7pp

74.3%-62.5pp

70.7%-58.9pp

Annual return

17.33%

37.50%-20.2pp

35.73%-18.4pp

34.38%-17.0pp

Employer contribution / active EE

$1,477

$3,427-56.9%

$3,740-60.5%

$2,638-44.0%

Participant deferral / active EE

$3,995

$3,971+0.6%

$4,880-18.1%

$4,530-11.8%

Admin fee / account holder

$282

$633-55.5%

$6,735-95.8%

$348-19.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$59,821

NFP RETIREMENT INC3 years

Service code 27

120 VANTIS · ALISO VIEJO, CA 926562689

Advisory (Plan)

$27,694

ECONOMIC GROUP PENSION SERVICES2 years

Service code 13 · EIN 13-3180178

917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609

Contract Administrator

$12,399

JAMES A. REICHERT1 year

Filed as: JAMES MILLER CPA PC

Service code 10

4800 LAKEWOOD DR · WACO, TX 76710

Accounting

$9,450

FLEXPATH STRATEGIES, LLC3 years

Filed as: FLEXPATH STRATEGIES LLC

Service code 99

120 VANTIS · ALISO VIEJO, CA 92656

Other Fees

$5,974

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