Retirement plan

ALLIANZ ASSET ACCUMULATION PLAN

Name: AZOA SERVICES CORPORATION - ALLIANZ ASSET ACCUMULATION PLAN (2015) Form 5500
Creator: AZOA SERVICES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLIANZ ASSET ACCUMULATION PLAN, AZOA SERVICES CORPORATION

AZOA SERVICES CORPORATIONEIN 75-1723041Plan #002PY 2015

5701 GOLDEN HILLS DRIVE - MINNEAPOLIS, MN 55416888-899-6844LinkedIn5001-10000 employeesinsurance

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed February 7, 2008

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$1301.2M

No prior year

Total participants

9,277

No prior year

Average account balance

$141,961

No prior year

Annual return

-0.50%

No prior year

Benchmarks

See 73 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort73 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.13B

Not enough data

1 years with asset history on file

Average account balance

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

$247K

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.

8,603

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$124.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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 8 by compensation

Provider	Service type	Compensation
HEWITT ASSOCIATES LLC1+ years Service code 15 · EIN 36-2235791	Recordkeeping	$659,827
QUANTITATIVE MANAGEMENT ASSOCIATES1+ years Service code 28 · EIN 33-1077887	Investment Management	$526,623
FINANCIAL ENGINES1+ years Filed as: FINANCIAL ENGINES, INC. Service code 16 · EIN 94-3250323	Consulting	$510,673
THE BANK OF NEW YORK MELLON1+ years Service code 21 · EIN 13-5160382	Bank Trustee	$222,295
SHENKMAN CAPITAL MANAGEMENT1+ years Filed as: SHENKMAN CAPITAL MANAGEMENT , INC Service code 28 · EIN 13-3280361	Investment Management	$146,898
HEWITT ASSOCIATES LLC1+ years Filed as: HEWITT FINANCIAL SERVICES LLC Service code 33 · EIN 36-3943169	Securities brokerage; Finders' fees /...	$49,519
CURCIO WEBB1+ years Service code 16 100 BUSH STREET, SUITE 2400 · SAN FRANCISCO, CA 94104	Consulting	$16,061
THE BANK OF NEW YORK MELLON1+ years Filed as: PERSHING LLC Service code 59 · EIN 13-2741729	Shareholder Servicing	$11,859

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$408 / participant

Investment mgmt$1M55.7%
Contract admin$704K33.1%
Other / not subdivided$238K11.2%

% of EOY assets

0.163%

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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,961

$83,458+70.1%

$123,106+15.3%

$67,505+110.3%

Participation rate

97.9%

84.5%+13.4pp

86.8%+11.1pp

71.2%+26.7pp

Annual return

-0.50%

1.29%-1.8pp

13.22%-13.7pp

6.52%-7.0pp

Employer contribution / active EE

$8,034

$3,087+160.2%

$5,151+56.0%

$2,173+269.7%

Participant deferral / active EE

$10,441

$5,379+94.1%

$6,229+67.6%

$3,597+190.3%

Admin fee / account holder

$232

$60+288.3%

$9,015-97.4%

$56+313.1%

Provider

Service type

Compensation

HEWITT ASSOCIATES LLC1+ years

Service code 15 · EIN 36-2235791

Recordkeeping

$659,827

QUANTITATIVE MANAGEMENT ASSOCIATES1+ years

Service code 28 · EIN 33-1077887

Investment Management

$526,623

FINANCIAL ENGINES1+ years

Filed as: FINANCIAL ENGINES, INC.

Service code 16 · EIN 94-3250323

Consulting

$510,673

THE BANK OF NEW YORK MELLON1+ years

Service code 21 · EIN 13-5160382

Bank Trustee

$222,295

SHENKMAN CAPITAL MANAGEMENT1+ years

Filed as: SHENKMAN CAPITAL MANAGEMENT , INC

Service code 28 · EIN 13-3280361

Investment Management

$146,898

HEWITT ASSOCIATES LLC1+ years

Filed as: HEWITT FINANCIAL SERVICES LLC

Service code 33 · EIN 36-3943169

Securities brokerage; Finders' fees /...

$49,519

CURCIO WEBB1+ years

Service code 16

100 BUSH STREET, SUITE 2400 · SAN FRANCISCO, CA 94104

Consulting

$16,061

THE BANK OF NEW YORK MELLON1+ years

Filed as: PERSHING LLC

Service code 59 · EIN 13-2741729

Shareholder Servicing

$11,859

ALLIANZ ASSET ACCUMULATION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLIANZ ASSET ACCUMULATION PLAN

Top hat statement on fileNQDC

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