Retirement plan

ACHIEVEMENT FIRST, INC. 403(B) PLAN

Name: ACHIEVEMENT FIRST, INC. - ACHIEVEMENT FIRST, INC. 403(B) PLAN (2020) Form 5500
Creator: ACHIEVEMENT FIRST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACHIEVEMENT FIRST, INC. 403(B) PLAN, ACHIEVEMENT FIRST, INC.

ACHIEVEMENT FIRST, INC.EIN 65-1203744Plan #001PY 2020

370 JAMES STREET, SUITE 404 - NEW HAVEN, CT 06513718-623-2660

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$62.4M

+10.2% from 2019

Total participants

2,285

+3.9% from 2019

Average account balance

$27,313

+6.1% from 2019

Annual return

2.63%

-2.26 pp from 2019

Benchmarks

See 51 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Cohort51 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.82M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

2,714

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

$7.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 12 · EIN 13-3689044	Account maintenance fees; Shareholder...	$224,295
AMERICAN PORTFOLIOS FINANCIAL3 years Service code 16 4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741	Consulting	$50,819
VALIC RETIREMENT SERVICES COMPANY2 years Filed as: VARIABLE ANNUITY LIFE INSURANCE CO. Service code 26 · EIN 74-1625348	Advisory (Participants)	$41,705
COHN REZNICK LLP1 year Service code 10 · EIN 22-1478099	Accounting	$19,000
NATIONAL FINANCIAL SERVICES3 years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2K2L3H

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$367K

Other / not subdivided$367K100.0%

% of EOY assets

0.587%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,313

$76,653-64.4%

$70,462-61.2%

Participation rate

0.0%

80.3%-80.3pp

75.1%-75.1pp

Annual return

2.63%

4.62%-2.0pp

109.08%-106.4pp

Employer contribution / active EE

$2,510-100.0%

$2,737-100.0%

Participant deferral / active EE

$4,121-100.0%

$3,710-100.0%

Admin fee / account holder

$160

$17,353-99.1%

$3,845-95.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 12 · EIN 13-3689044

Account maintenance fees; Shareholder...

$224,295

AMERICAN PORTFOLIOS FINANCIAL3 years

Service code 16

4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741

Consulting

$50,819

VALIC RETIREMENT SERVICES COMPANY2 years

Filed as: VARIABLE ANNUITY LIFE INSURANCE CO.

Service code 26 · EIN 74-1625348

Advisory (Participants)

$41,705

COHN REZNICK LLP1 year

Service code 10 · EIN 22-1478099

Accounting

$19,000

NATIONAL FINANCIAL SERVICES3 years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

ACHIEVEMENT FIRST, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACHIEVEMENT FIRST, INC. 403(B) 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