Retirement plan

ACRONYM MEDIA, INC. 401(K) P/S PLAN

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

ACRONYM MEDIA, INC.EIN 81-0591647Plan #001PY 2023

350 5TH AVENUE, SUITE 6520 - NEW YORK, NY 10118212-691-7051

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$5.3M

+36.0% from 2022

Total participants

142

+4.4% from 2022

Average account balance

$40,459

+24.6% from 2022

Annual return

20.10%

+31.07 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.13M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

134

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$754K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+20.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PAI4 years Service code 13 1201 ENTERPRISE DRIVE · DE PERE, WI 54115	Contract Administrator	$7,090
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$2,906
PAI1 year Filed as: PAI TRUST Service code 19 3904 W. TECHNOLOGY CIRCLE · SIOUX FALLS, SD 57106	Securities Custodian	$2,259
JP MORGAN INVESTMENT MANAGEMENT INC3 years Filed as: NYLIFE SECURITIES, LLC Service code 27 120 N OLIVER AVE · WICHITA, KS 67208	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$45 / participant

Contract admin$11K282.1%

% of EOY assets

0.076%

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: PRAGER METIS CPAS, LLC
Auditor EIN: 061667465
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,459

$93,598-56.8%

$135,974-70.2%

$75,173-46.2%

Participation rate

88.9%

75.2%+13.7pp

81.9%+7.0pp

67.2%+21.7pp

Annual return

20.10%

30.89%-10.8pp

68.30%-48.2pp

160.72%-140.6pp

Employer contribution / active EE

$2,024

$3,538-42.8%

$4,859-58.3%

$2,671-24.2%

Participant deferral / active EE

$6,316

$6,405-1.4%

$7,760-18.6%

$4,126+53.1%

Admin fee / account holder

$31

$6,978-99.6%

$10,767-99.7%

$5,651-99.5%

Provider

Service type

Compensation

PAI4 years

Service code 13

1201 ENTERPRISE DRIVE · DE PERE, WI 54115

Contract Administrator

$7,090

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$2,906

PAI1 year

Filed as: PAI TRUST

Service code 19

3904 W. TECHNOLOGY CIRCLE · SIOUX FALLS, SD 57106

Securities Custodian

$2,259

JP MORGAN INVESTMENT MANAGEMENT INC3 years

Filed as: NYLIFE SECURITIES, LLC

Service code 27

120 N OLIVER AVE · WICHITA, KS 67208

Advisory (Plan)

ACRONYM MEDIA, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACRONYM MEDIA, INC. 401(K) P/S 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