Retirement plan

AMERICAN APARTMENT MANAGEMENT TAX DEFERRED SAVINGS PLAN

Name: AMERICAN APARTMENT MANAGEMENT COMPANY - AMERICAN APARTMENT MANAGEMENT TAX DEFERRED SAVINGS PLAN (2017) Form 5500
Creator: AMERICAN APARTMENT MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN APARTMENT MANAGEMENT TAX DEFERRED SAVINGS PLAN, AMERICAN APARTMENT MANAGEMENT COMPANY

AMERICAN APARTMENT MANAGEMENT COMPANYEIN 62-0882160Plan #001PY 2017

708 S GAY STREET SUITE 200 - KNOXVILLE, TN 379021708865-525-7500

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.5M

+22.8% from 2016

Total participants

204

+6.3% from 2016

Average account balance

$22,600

+11.6% from 2016

Annual return

13.37%

+7.85 pp from 2016

Benchmarks

See 939 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.94M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

125

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$439K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$468

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 3 by compensation

Provider	Service type	Compensation
RATHER & KITTRELL, INC.3+ years Filed as: RATHER & KITTRELL Service code 27 · EIN 91-2046298	Advisory (Plan)	$12,000
PURKEY, C, C, W & CARTER1 year Service code 10 · EIN 62-0883238	Accounting	$6,500
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$6,328

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$139 / participant

Investment mgmt$12K48.3%
Contract admin$6K25.5%
Other / not subdivided$6K26.2%

% of EOY assets

0.557%

all-in expense ratio

Categories reported

2 / 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: PURKEY, CARTER, COMPTON, SWANN & CA
Auditor EIN: 620882329
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,600

$52,639-57.1%

$185,117-87.8%

$62,293-63.7%

Participation rate

96.1%

63.9%+32.2pp

77.3%+18.8pp

69.5%+26.6pp

Annual return

13.37%

19.57%-6.2pp

40.50%-27.1pp

28.90%-15.5pp

Employer contribution / active EE

$1,651

$1,483+11.3%

$4,182-60.5%

$2,042-19.2%

Participant deferral / active EE

$2,390

$3,097-22.8%

$5,045-52.6%

$3,169-24.6%

Admin fee / account holder

$126

$374-66.3%

$8,159-98.5%

$479-73.7%

Provider

Service type

Compensation

RATHER & KITTRELL, INC.3+ years

Filed as: RATHER & KITTRELL

Service code 27 · EIN 91-2046298

Advisory (Plan)

$12,000

PURKEY, C, C, W & CARTER1 year

Service code 10 · EIN 62-0883238

Accounting

$6,500

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$6,328

AMERICAN APARTMENT MANAGEMENT TAX DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN APARTMENT MANAGEMENT TAX DEFERRED SAVINGS 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