Retirement plan

ASSET PLANNING SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: ASSET PLANNING SERVICES, INC. - ASSET PLANNING SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: ASSET PLANNING SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSET PLANNING SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, ASSET PLANNING SERVICES, INC.

ASSET PLANNING SERVICES, INC.EIN 72-0921343Plan #001PY 2020

509 W. 21ST AVENUE - COVINGTON, LA 70433985-867-8679

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$461K

-53.4% from 2019

Total participants

0.0% from 2019

Average account balance

$92,112

-53.4% from 2019

Annual return

1.06%

-17.83 pp from 2019

Benchmarks

See 32,151 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,151 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$685K

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8K

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

+19.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6241

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 codes2E2J3D2F

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).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$577K

$96099 / participant

Other / not subdivided$577K100.0%

% of EOY assets

125.194%

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

$92,112

$197,625-53.4%

$177,840-48.2%

$158,966-42.1%

Participation rate

83.3%

88.5%-5.2pp

87.7%-4.4pp

82.0%+1.4pp

Annual return

1.06%

58.76%-57.7pp

48.32%-47.3pp

302.95%-301.9pp

Employer contribution / active EE

$6,698-100.0%

$5,919-100.0%

$4,762-100.0%

Participant deferral / active EE

$6,422

$8,405-23.6%

$7,714-16.7%

$5,983+7.3%

Admin fee / account holder

$115,319

$15,405+648.6%

$12,431+827.7%

$11,250+925.1%

ASSET PLANNING SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSET PLANNING SERVICES, INC. 401(K) PROFIT SHARING PLAN AND 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