Retirement plan

ASSOCIA, INC. 401(K) PLAN

Name: ASSOCIATIONS, INC. - ASSOCIA, INC. 401(K) PLAN (2019) 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, INC.EIN 75-3014941Plan #001PY 2019

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

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$101.3M

+14.3% from 2018

Total participants

6,094

-9.0% from 2018

Average account balance

$47,312

+10.8% from 2018

Annual return

19.58%

+20.11 pp from 2018

Benchmarks

See 1,116 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,116 peers

Snapshot2019

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 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 38 · EIN 04-1590850	Participant Communication	$325,089
IPS RIA, LLC4 years Filed as: IPS RIA LLC Service code 50 · EIN 47-1445310	Direct Payment	$28,365
SHERIDAN ROAD ADVISORS LLC1 year Filed as: HUB INTERNATIONAL Service code 27 · EIN 82-2966199	Advisory (Plan)	$15,000
SHERIDAN ROAD ADVISORS LLC1 year Filed as: HUB INTERNATIONAL INV ADV SERVS INC Service code 27 · EIN 82-2966199	Advisory (Plan)	$15,000
SHERIDAN ROAD ADVISORS LLC1 year Filed as: HUB INTERNATIONAL INVESTMENT AD Service code 50 · EIN 82-2966199	Direct Payment	$14,785
IPS RIA, LLC5+ years Service code 27 · EIN 47-1445310	Advisory (Plan)	$14,534
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
LEGG MASON3 years Service code 52 · EIN 95-2705767	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: PUTNAM Service code 52 · EIN 04-6407893	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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$413K

$76 / participant

Investment mgmt$356K86.2%
Contract admin$43K10.4%
Other / not subdivided$14K3.3%

% of EOY assets

0.407%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,312

$82,204-42.4%

$182,540-74.1%

$82,204-42.4%

Participation rate

27.3%

73.4%-46.1pp

78.0%-50.7pp

73.4%-46.1pp

Annual return

19.58%

26.31%-6.7pp

148.58%-129.0pp

26.31%-6.7pp

Employer contribution / active EE

$47

$2,707-98.3%

$4,076-98.9%

$2,707-98.3%

Participant deferral / active EE

$1,181

$4,246-72.2%

$5,525-78.6%

$4,246-72.2%

Admin fee / account holder

$193

$76+154.9%

$8,593-97.8%

$76+154.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 38 · EIN 04-1590850

Participant Communication

$325,089

IPS RIA, LLC4 years

Filed as: IPS RIA LLC

Service code 50 · EIN 47-1445310

Direct Payment

$28,365

SHERIDAN ROAD ADVISORS LLC1 year

Filed as: HUB INTERNATIONAL

Service code 27 · EIN 82-2966199

Advisory (Plan)

$15,000

SHERIDAN ROAD ADVISORS LLC1 year

Filed as: HUB INTERNATIONAL INV ADV SERVS INC

Service code 27 · EIN 82-2966199

Advisory (Plan)

$15,000

SHERIDAN ROAD ADVISORS LLC1 year

Filed as: HUB INTERNATIONAL INVESTMENT AD

Service code 50 · EIN 82-2966199

Direct Payment

$14,785

IPS RIA, LLC5+ years

Service code 27 · EIN 47-1445310

Advisory (Plan)

$14,534

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

LEGG MASON3 years

Service code 52 · EIN 95-2705767

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: PUTNAM

Service code 52 · EIN 04-6407893

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