Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER, INC.

Name: ASPERMONT SMALL BUSINESS DEVEL - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER, INC. (2024) Form 5500
Creator: ASPERMONT SMALL BUSINESS DEVEL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER, INC., ASPERMONT SMALL BUSINESS DEVEL

ASPERMONT SMALL BUSINESS DEVELEIN 75-1218257Plan #002PY 2024

9660 US HIGHWAY 83 S - ASPERMONT, TX 795022220940-989-3538LinkedIn1-10 employeesnon-profit organization management

Other plans on this EIN

1 filing

#001Retirement-$314K assets

Prospect flagsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$252K

+36.8% from 2023

Total participants

-13.6% from 2023

Average account balance

$14,019

+52.0% from 2023

Annual return

10.94%

-4.89 pp from 2023

Benchmarks

See 37,071 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,071 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$252K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$788

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 codes2G3D2J2E2T

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$14K

$886 / participant

Other / not subdivided$14K100.0%

% of EOY assets

5.619%

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

$14,019

$201,370-93.0%

$184,256-92.4%

$145,897-90.4%

Participation rate

93.8%

87.5%+6.3pp

86.8%+6.9pp

80.3%+13.4pp

Annual return

10.94%

29.05%-18.1pp

28.85%-17.9pp

552.29%-541.3pp

Employer contribution / active EE

$2,622

$7,024-62.7%

$6,427-59.2%

$4,663-43.8%

Participant deferral / active EE

$1,235

$9,808-87.4%

$9,133-86.5%

$6,689-81.5%

Admin fee / account holder

$788

$16,364-95.2%

$13,899-94.3%

$13,390-94.1%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER, INC.

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