Retirement plan

ACOUSTICAL SHEETMETAL CO. 401(K) PLAN

Name: ASI ACQUISITION LLC D/B/A ACOUSTICAL SHEETMETAL CO. - ACOUSTICAL SHEETMETAL CO. 401(K) PLAN (2020) Form 5500
Creator: ASI ACQUISITION LLC D/B/A ACOUSTICAL SHEETMETAL CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACOUSTICAL SHEETMETAL CO. 401(K) PLAN, ASI ACQUISITION LLC D/B/A ACOUSTICAL SHEETMETAL CO.

ASI ACQUISITION LLC D/B/A ACOUSTICAL SHEETMETAL CO.EIN 83-3041028Plan #001PY 2020

2600 PRODUCTION RD. - VIRGINIA BEACH, VA 23454757-456-9720

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.9M

+36.1% from 2019

Total participants

146

-4.6% from 2019

Average account balance

$34,878

+5.0% from 2019

Annual return

14.08%

+14.08 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.00M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

222

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$11,171
RAYMOND JAMES FINANCIAL SERVICES2+ years Service code 27 · EIN 59-2937883	Advisory (Plan)	$5,611
ENVESTNET RETIREMENT SOLUTIONS, LLC2+ years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$17K

$119 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.583%

all-in expense ratio

Categories reported

0 / 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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,878

$73,638-52.6%

$95,960-63.7%

$73,493-52.5%

Participation rate

55.6%

76.2%-20.5pp

77.1%-21.4pp

70.7%-15.0pp

Annual return

14.08%

16.78%-2.7pp

91.63%-77.6pp

28.51%-14.4pp

Employer contribution / active EE

$1,343

$1,863-27.9%

$2,541-47.2%

$2,270-40.9%

Participant deferral / active EE

$2,685

$3,617-25.8%

$4,167-35.6%

$3,740-28.2%

Admin fee / account holder

$203

$482-57.8%

$6,797-97.0%

$513-60.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$11,171

RAYMOND JAMES FINANCIAL SERVICES2+ years

Service code 27 · EIN 59-2937883

Advisory (Plan)

$5,611

ENVESTNET RETIREMENT SOLUTIONS, LLC2+ years

Service code 27 · EIN 61-1732930

Advisory (Plan)

ACOUSTICAL SHEETMETAL CO. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACOUSTICAL SHEETMETAL CO. 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