Retirement plan

ASSOCIA, INC. 401(K) PLAN

Name: ASSOCIATIONS, INC - ASSOCIA, INC. 401(K) PLAN (2017) Form 5500
Creator: ASSOCIATIONS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIA, INC. 401(K) PLAN, ASSOCIATIONS, INC

ASSOCIATIONS, INCEIN 75-3014941Plan #001PY 2017

5401 N. CENTRAL EXPRESSWAY, SUITE 315 - DALLAS, TX 75205214-953-3009

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$94.1M

+15.4% from 2016

Total participants

6,457

+6.9% from 2016

Average account balance

$48,525

+2.1% from 2016

Annual return

21.89%

+15.34 pp from 2016

Benchmarks

See 1,075 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,075 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$129.63M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

2,733

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.

24.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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 10 of 18 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$268,279
IPS RIA, LLC3+ years Service code 27 · EIN 47-1445310	Advisory (Plan)	$54,813
BAKER TILLY US, LLP2 years Filed as: MONTGOMERY COSCIA GREILICH LLP Service code 10 · EIN 75-2919818	Accounting	$17,544
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 38 · EIN 04-1590850	Participant Communication	$9,721
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BUFFALO FUNDS1 year Filed as: BUFFALO Service code 52 · EIN 48-1069845	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 04-3276558	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 76-0343427	Indirect Investment Fees	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 52 · EIN 04-3279774	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
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

5 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.
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

$350K

$60 / participant

Investment mgmt$284K81.2%
Contract admin$38K11.0%
Other / not subdivided$28K7.9%

% of EOY assets

0.372%

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: MONTGOMERY COSCIA GREILICH LLP
Auditor EIN: 752919818
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,525

$177,276-72.6%

$185,117-73.8%

$177,276-72.6%

Participation rate

23.2%

74.8%-51.6pp

77.3%-54.0pp

74.8%-51.6pp

Annual return

21.89%

21.25%+0.6pp

40.50%-18.6pp

21.25%+0.6pp

Employer contribution / active EE

$39

$2,479-98.4%

$4,182-99.1%

$2,479-98.4%

Participant deferral / active EE

$979

$3,881-74.8%

$5,045-80.6%

$3,881-74.8%

Admin fee / account holder

$181

$154+17.3%

$8,159-97.8%

$154+17.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$268,279

IPS RIA, LLC3+ years

Service code 27 · EIN 47-1445310

Advisory (Plan)

$54,813

BAKER TILLY US, LLP2 years

Filed as: MONTGOMERY COSCIA GREILICH LLP

Service code 10 · EIN 75-2919818

Accounting

$17,544

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 38 · EIN 04-1590850

Participant Communication

$9,721

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BUFFALO FUNDS1 year

Filed as: BUFFALO

Service code 52 · EIN 48-1069845

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 56-0906609

Indirect Investment Fees

HARRIS1 year

Service code 52 · EIN 04-3276558

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 76-0343427

Indirect Investment Fees

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 52 · EIN 04-3279774

Indirect Investment Fees

ASSOCIA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIA, INC. 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