Retirement plan

ADVANCED ELECTRICAL SRVS GRP INC SAV PLAN & TRUST

Name: ADVANCED ELECTRICAL SERVICES GROUP, INC. - ADVANCED ELECTRICAL SRVS GRP INC SAV PLAN & TRUST (2023) Form 5500
Creator: ADVANCED ELECTRICAL SERVICES GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCED ELECTRICAL SRVS GRP INC SAV PLAN & TRUST, ADVANCED ELECTRICAL SERVICES GROUP, INC.

ADVANCED ELECTRICAL SERVICES GROUP, INC.EIN 71-0983574Plan #001PY 2023

1612 WENDY WAY - GARNET VALLEY, PA 19060610-308-8881

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.6M

+22.4% from 2022

Total participants

+5.5% from 2022

Average account balance

$49,565

+15.3% from 2022

Annual return

15.76%

+32.93 pp from 2022

Benchmarks

See 18,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,037 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.98M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

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.

127.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$157K

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

+10.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1141

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$40K

$1091 / participant

Other / not subdivided$40K100.0%

% of EOY assets

1.567%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,565

$73,978-33.0%

$96,515-48.6%

$75,173-34.1%

Participation rate

83.8%

66.4%+17.4pp

74.3%+9.4pp

67.2%+16.6pp

Annual return

15.76%

26.72%-11.0pp

35.73%-20.0pp

160.72%-145.0pp

Employer contribution / active EE

$1,857

$2,931-36.6%

$3,740-50.3%

$2,671-30.5%

Participant deferral / active EE

$2,292

$3,660-37.4%

$4,880-53.0%

$4,126-44.4%

Admin fee / account holder

$776

$5,219-85.1%

$6,735-88.5%

$5,651-86.3%

ADVANCED ELECTRICAL SRVS GRP INC SAV PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCED ELECTRICAL SRVS GRP INC SAV PLAN & TRUST

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