Retirement plan

ASCEND FINANCIAL NETWORK, LLC EMPLOYEES RETIREMENT PLAN

Name: ASCEND FINANCIAL NETWORK, LLC - ASCEND FINANCIAL NETWORK, LLC EMPLOYEES RETIREMENT PLAN (2022) Form 5500
Creator: ASCEND FINANCIAL NETWORK, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASCEND FINANCIAL NETWORK, LLC EMPLOYEES RETIREMENT PLAN, ASCEND FINANCIAL NETWORK, LLC

ASCEND FINANCIAL NETWORK, LLCEIN 83-0502359Plan #001PY 2022

250 STATE STREET, UNIT F2 - NORTH HAVEN, CT 06473203-787-9892

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$222K

+2.8% from 2021

Total participants

0.0% from 2021

Average account balance

$55,514

+2.8% from 2021

Annual return

-25.68%

-51.83 pp from 2021

Benchmarks

See 35,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,209 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$410K

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J3B3D2T

Plan features

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

Expense breakdown

Schedule H Part II

Admin total

$42

$8 / participant

Other / not subdivided$42100.0%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,514

$167,522-66.9%

$151,639-63.4%

$134,532-58.7%

Participation rate

80.0%

88.4%-8.4pp

87.5%-7.5pp

81.2%-1.2pp

Annual return

-25.68%

7.81%-33.5pp

3.34%-29.0pp

418.27%-443.9pp

Employer contribution / active EE

$2,913

$6,828-57.3%

$6,165-52.8%

$4,741-38.6%

Participant deferral / active EE

$9,404

$8,986+4.6%

$8,363+12.4%

$6,401+46.9%

Admin fee / account holder

$11

$13,780-99.9%

$11,613-99.9%

$11,429-99.9%

ASCEND FINANCIAL NETWORK, LLC EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASCEND FINANCIAL NETWORK, LLC EMPLOYEES 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