Retirement plan

THE 401(K) PLAN SPONSORED BY AEGIS THERAPIES

Name: AEGIS THERAPIES, INC. - THE 401(K) PLAN SPONSORED BY AEGIS THERAPIES (2023) Form 5500
Creator: AEGIS THERAPIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) PLAN SPONSORED BY AEGIS THERAPIES, AEGIS THERAPIES, INC.

AEGIS THERAPIES, INC.EIN 71-0811574Plan #001PY 2023

4933 OLD GREENWOOD ROAD - FORT SMITH, AR 72903479-201-6071LinkedIn1-10 employees

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$117.3M

+14.3% from 2022

Total participants

5,071

+18.5% from 2022

Average account balance

$51,128

+14.3% from 2022

Annual return

17.65%

+34.90 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$123.46M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

2,347

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.

30.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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
MERCER2 years Filed as: MERCER INVESTMENTS, LLC Service code 16 · EIN 30-0282430	Consulting	$215,548
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$138,234
CLIFTONLARSONALLEN LLP2 years Filed as: CLIFTON LARSONALLEN, LLP Service code 10 1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523	Accounting	$16,538
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12,454

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$374K

$92 / participant

Recordkeeping$138K37.0%
Investment mgmt$12K3.3%
Contract admin$207K55.3%
Other / not subdivided$17K4.4%

% of EOY assets

0.319%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: $16,538
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,128

$50,151+1.9%

$149,696-65.8%

$80,157-36.2%

Participation rate

31.7%

64.3%-32.6pp

78.8%-47.0pp

72.9%-41.2pp

Annual return

17.65%

29.80%-12.2pp

134.46%-116.8pp

40.39%-22.7pp

Employer contribution / active EE

$1,867-100.0%

$4,821-100.0%

$2,977-100.0%

Participant deferral / active EE

$1,630

$3,194-49.0%

$5,682-71.3%

$5,015-67.5%

Admin fee / account holder

$163

$153+6.7%

$13,212-98.8%

$145+12.3%

Provider

Service type

Compensation

MERCER2 years

Filed as: MERCER INVESTMENTS, LLC

Service code 16 · EIN 30-0282430

Consulting

$215,548

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$138,234

CLIFTONLARSONALLEN LLP2 years

Filed as: CLIFTON LARSONALLEN, LLP

Service code 10

1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523

Accounting

$16,538

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12,454

THE 401(K) PLAN SPONSORED BY AEGIS THERAPIES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) PLAN SPONSORED BY AEGIS THERAPIES

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