Retirement plan

ALTAGAS SERVICES (U.S.) INC. 401(K) PLAN

Name: ALTAGAS SERVICES (U.S.) INC. - ALTAGAS SERVICES (U.S.) INC. 401(K) PLAN (2023) Form 5500
Creator: ALTAGAS SERVICES (U.S.) INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTAGAS SERVICES (U.S.) INC. 401(K) PLAN, ALTAGAS SERVICES (U.S.) INC.

ALTAGAS SERVICES (U.S.) INC.EIN 81-0540879Plan #006PY 2023

1411 THIRD STREET, SUITE A - PORT HURON, MI 48060810-987-2200LinkedIn51-200 employeesinvestment management

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed June 25, 2015

Plan administrator

Plan administrator name— Sign in and upgrade to view

Suite 1040, Park Seventeen; 1717 McKinney Avenue

Dallas State: TX Zip Code: 75202

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Plans declared (1)

AltaGas Services (U.S.) Inc. NonQualified Deferred Compensation Plan2 emp

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Total assets (EOY)

$117.6M

-36.9% from 2022

Total participants

718

-38.5% from 2022

Average account balance

$170,938

+3.5% from 2022

Annual return

-33.53%

-16.37 pp from 2022

Benchmarks

See 258 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort258 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$125.57M

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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.

706

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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 3 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Service code 15 · EIN 52-1714114 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$5,348
CHARLES SCHWAB & CO., INC.7+ years Service code 33 · EIN 94-1737782	Other commissions; Securities brokera...	$7
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO., INC Service code 33	Other commissions; Securities brokera...	$0

Plan features & details

Pension benefit codes2E2F2G2J2R3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$11 / participant

Recordkeeping$5K100.0%

% of EOY assets

0.005%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,938

$82,978+106.0%

$130,231+31.3%

$74,460+129.6%

Participation rate

93.8%

73.7%+20.1pp

76.3%+17.5pp

70.7%+23.0pp

Annual return

-33.53%

123.05%-156.6pp

38.86%-72.4pp

34.38%-67.9pp

Employer contribution / active EE

$6,636

$3,391+95.7%

$4,126+60.9%

$2,638+151.6%

Participant deferral / active EE

$9,718

$5,370+81.0%

$6,799+42.9%

$4,530+114.5%

Admin fee / account holder

$354-97.8%

$6,020-99.9%

$348-97.8%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Service code 15 · EIN 52-1714114

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$5,348

CHARLES SCHWAB & CO., INC.7+ years

Service code 33 · EIN 94-1737782

Other commissions; Securities brokera...

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO., INC

Service code 33

Other commissions; Securities brokera...

ALTAGAS SERVICES (U.S.) INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTAGAS SERVICES (U.S.) INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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