Retirement plan

ASTEC EMPLOYEES 401(K) PLAN

Name: AEROSPACE SCIENCE AND TECHNOLOGY CENTER, INC. - ASTEC EMPLOYEES 401(K) PLAN (2019) Form 5500
Creator: AEROSPACE SCIENCE AND TECHNOLOGY CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASTEC EMPLOYEES 401(K) PLAN, AEROSPACE SCIENCE AND TECHNOLOGY CENTER, INC.

AEROSPACE SCIENCE AND TECHNOLOGY CENTER, INC.EIN 73-1577092Plan #002PY 2019

2401 NW 23RD, SUITE 39A - OKLAHOMA CITY, OK 73107405-947-6272

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.7M

+26.3% from 2018

Total participants

-50.6% from 2018

Average account balance

$21,248

+165.0% from 2018

Annual return

37.22%

+31.30 pp from 2018

Benchmarks

See 3,898 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,898 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.55M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

205

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.

78.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$410K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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 7 by compensation

Provider	Service type	Compensation
ASTEC CHARTER SCHOOLS1 year Service code 99 2401 NW 23RD ST · OKLAHOMA CITY, OK 73107	Other Fees	$19,333
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,893
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERPRISE FINANCIAL SERVICES Service code 55	Other Commissions	$6,664
PENSION ASSURANCE LLP1 year Filed as: PENSION SOLUTIONS Service code 13 9116 N KELLEY AVE · OKLAHOMA CITY, OK 73131	Contract Administrator	$2,579
PENSION ASSURANCE LLP5+ years Filed as: PENSION SOLUTIONS, INC Service code 13	Contract Administrator	$1,377
MCAFEE & TAFT1 year Service code 10 211 N ROBINSON 10TH FLOOR · OKLAHOMA CITY, OK 73102	Accounting	$1,278
AMERIPRISE FINANCIAL SERVICES INC3 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 55 70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$40K

$691 / participant

Investment mgmt$38K93.6%
Contract admin$3K6.4%

% of EOY assets

2.329%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,248

$45,087-52.9%

$69,483-69.4%

$72,976-70.9%

Participation rate

87.9%

68.5%+19.5pp

74.6%+13.3pp

69.5%+18.4pp

Annual return

37.22%

22.67%+14.5pp

28.99%+8.2pp

81.02%-43.8pp

Employer contribution / active EE

$1,336

$2,055-35.0%

$2,780-51.9%

$2,440-45.2%

Participant deferral / active EE

$2,076

$2,603-20.3%

$3,537-41.3%

$3,608-42.5%

Admin fee / account holder

$495

$3,057-83.8%

$3,841-87.1%

$5,124-90.3%

Provider

Service type

Compensation

ASTEC CHARTER SCHOOLS1 year

Service code 99

2401 NW 23RD ST · OKLAHOMA CITY, OK 73107

Other Fees

$19,333

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,893

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERPRISE FINANCIAL SERVICES

Service code 55

Other Commissions

$6,664

PENSION ASSURANCE LLP1 year

Filed as: PENSION SOLUTIONS

Service code 13

9116 N KELLEY AVE · OKLAHOMA CITY, OK 73131

Contract Administrator

$2,579

PENSION ASSURANCE LLP5+ years

Filed as: PENSION SOLUTIONS, INC

Service code 13

Contract Administrator

$1,377

MCAFEE & TAFT1 year

Service code 10

211 N ROBINSON 10TH FLOOR · OKLAHOMA CITY, OK 73102

Accounting

$1,278

AMERIPRISE FINANCIAL SERVICES INC3 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 55

70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Other Commissions

ASTEC EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASTEC EMPLOYEES 401(K) 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