Retirement plan

ALLIED EMPLOYER GROUP 401(K) RETIREMENT PLAN

Name: ALLIED WORKFORCE, INC. - ALLIED EMPLOYER GROUP 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: ALLIED WORKFORCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLIED EMPLOYER GROUP 401(K) RETIREMENT PLAN, ALLIED WORKFORCE, INC.

ALLIED WORKFORCE, INC.EIN 75-2133642Plan #001PY 2020

4400 BUFFALO GAP ROAD, SUITE 4500 - ABILENE, TX 79606325-695-5822

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

+5.6% from 2019

Total participants

289

-4.3% from 2019

Average account balance

$23,160

+9.6% from 2019

Annual return

6.58%

-7.12 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.31M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

232

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.

66.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$868K

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

+10.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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 5 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP6+ years Filed as: PENSION PLANNING CONSULTANTS, INC. Service code 10 6201 UPTOWN BLVD. NE · ALBUQUERQUE, NM 87110	Accounting	$45,689
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$43,617
JP MORGAN INVESTMENT MANAGEMENT INC6+ years Filed as: MEEDER INVESTMENT MANAGEMENT Service code 26 6125 MEMORIAL DRIVE · DUBLIN, OH 43017	Advisory (Participants)	$10,560
ALLIED EMPLOYER GROUP INC1 year Filed as: ALLIED EMPLOYER GROUP Service code 10 4400 BUFFALO GAP RD. · ABILENE, TX 79606	Accounting	$6,000
AMERIPRISE FINANCIAL SERVICES INC4 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 26 50082 AMERIPRISE FINANCIAL CTR. · MINNEAPOLIS, MN 55474	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$230 / participant

Investment mgmt$11K18.4%
Contract admin$41K71.2%
Other / not subdivided$6K10.4%

% of EOY assets

1.192%

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

$23,160

$100,801-77.0%

$149,745-84.5%

$73,412-68.5%

Participation rate

67.6%

77.7%-10.1pp

82.5%-14.9pp

72.2%-4.6pp

Annual return

6.58%

265.34%-258.8pp

276.72%-270.1pp

59.30%-52.7pp

Employer contribution / active EE

$377

$3,312-88.6%

$4,646-91.9%

$2,234-83.1%

Participant deferral / active EE

$1,677

$6,404-73.8%

$6,843-75.5%

$3,806-55.9%

Admin fee / account holder

$276

$181+52.7%

$9,312-97.0%

$158+74.9%

Provider

Service type

Compensation

PENSION ASSURANCE LLP6+ years

Filed as: PENSION PLANNING CONSULTANTS, INC.

Service code 10

6201 UPTOWN BLVD. NE · ALBUQUERQUE, NM 87110

Accounting

$45,689

NATIONWIDE6+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$43,617

JP MORGAN INVESTMENT MANAGEMENT INC6+ years

Filed as: MEEDER INVESTMENT MANAGEMENT

Service code 26

6125 MEMORIAL DRIVE · DUBLIN, OH 43017

Advisory (Participants)

$10,560

ALLIED EMPLOYER GROUP INC1 year

Filed as: ALLIED EMPLOYER GROUP

Service code 10

4400 BUFFALO GAP RD. · ABILENE, TX 79606

Accounting

$6,000

AMERIPRISE FINANCIAL SERVICES INC4 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 26

50082 AMERIPRISE FINANCIAL CTR. · MINNEAPOLIS, MN 55474

Advisory (Participants)

ALLIED EMPLOYER GROUP 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLIED EMPLOYER GROUP 401(K) RETIREMENT 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