Retirement plan

ASTEC EMPLOYEES 401(K) PLAN

Name: AEROSPACE SCIENCE TECHNOLOGY CENTER, INC. - ASTEC EMPLOYEES 401(K) PLAN (2022) Form 5500
Creator: AEROSPACE SCIENCE TECHNOLOGY CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASTEC EMPLOYEES 401(K) PLAN, AEROSPACE SCIENCE TECHNOLOGY CENTER, INC.

AEROSPACE SCIENCE TECHNOLOGY CENTER, INC.EIN 73-1577092Plan #002PY 2022

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-6.5% from 2021

Total participants

124

+6.0% from 2021

Average account balance

$13,346

-14.5% from 2021

Annual return

-19.55%

-48.40 pp from 2021

Benchmarks

See 4,249 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,249 peers

Snapshot2022

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE8+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,870
EIDE BAILLY LLP3 years Service code 10 P.O. BOX 1914 · BISMARCK, ND 58502	Accounting	$12,100
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES LLC Service code 55 70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Other Commissions	$8,522
PENSION ASSURANCE LLP8+ years Filed as: PENSION SOLUTIONS, INC. Service code 13 9116 N. KELLEY AVE. · OKLAHOMA CITY, OK 73131	Contract Administrator	$5,562

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$41K

$526 / participant

Investment mgmt$24K58.2%
Contract admin$5K12.3%
Other / not subdivided$12K29.5%

% of EOY assets

2.626%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,346

$42,910-68.9%

$60,919-78.1%

$68,490-80.5%

Participation rate

91.0%

66.8%+24.3pp

73.1%+17.9pp

67.9%+23.1pp

Annual return

-19.55%

-13.99%-5.6pp

16.96%-36.5pp

-7.85%-11.7pp

Employer contribution / active EE

$2,023

$1,978+2.3%

$2,704-25.2%

$2,597-22.1%

Participant deferral / active EE

$2,653

$2,866-7.4%

$3,814-30.5%

$4,028-34.1%

Admin fee / account holder

$351

$3,104-88.7%

$3,228-89.1%

$5,403-93.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE8+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,870

EIDE BAILLY LLP3 years

Service code 10

P.O. BOX 1914 · BISMARCK, ND 58502

Accounting

$12,100

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES LLC

Service code 55

70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Other Commissions

$8,522

PENSION ASSURANCE LLP8+ years

Filed as: PENSION SOLUTIONS, INC.

Service code 13

9116 N. KELLEY AVE. · OKLAHOMA CITY, OK 73131

Contract Administrator

$5,562

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