Retirement plan

ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH MULTIPLE EMPLOYER RETIREMENT PLAN

Name: ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH - ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH MULTIPLE EMPLOYER RETIREMENT PLAN (2024) Form 5500
Creator: ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH MULTIPLE EMPLOYER RETIREMENT PLAN, ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH

ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTHEIN 83-3122688Plan #001PY 2024

PO BOX 4095 - OCEANSIDE, CA 92056301-523-7807

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$21.7M

+81.8% from 2023

Total participants

5,763

+159.5% from 2023

Average account balance

$7,386

-93.3% from 2023

Annual return

30.01%

-38.69 pp from 2023

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.68M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

2,936

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.

44.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+30.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 5 by compensation

Provider	Service type	Compensation
TRUST INTEGRITAS1 year Service code 16 · EIN 99-2058408 15275 COLLIER BLVD · NAPLES, FL 34119	Consulting	$66,650
SHERIDAN ROAD ADVISORS LLC1 year Filed as: HUB INTERNATIONAL Service code 27 · EIN 84-4758315 900 S CAPITAL OF TEXAS HWY · AUSTIN, TX 78746	Advisory (Plan)	$37,958
LEADING RETIREMENT SOLUTIONS1 year Filed as: LEADING RETIREMENT SOLUTIONS, LLC Service code 15 · EIN 45-1200308 2226 EASTLAKE AVENUE EAST · SEATTLE, WA 98102	Recordkeeping	$24,829
MID ATLANTIC CAPITAL CORPORATION1 year Filed as: MID ATLANTIC TRUST COMPANY Service code 19 · EIN 27-3169253 251 WATERFRONT PLACE · PITTSBURG, PA 152224236	Securities Custodian	$16,013
LIGHTHOUSE BIZ SOLUTIONS LLC1 year Service code 19 · EIN 83-2398406 229 PARKER ST. · GARDNER, MA 01440	Securities Custodian	$10,280

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$159K

$31 / participant

Recordkeeping$102K63.9%
Trustee / custodial$16K10.0%
Investment mgmt$42K26.1%

% of EOY assets

0.735%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: METZ CPA, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,386

$145,513-94.9%

$184,260-96.0%

$99,314-92.6%

Participation rate

44.9%

90.3%-45.3pp

86.8%-41.9pp

71.7%-26.8pp

Annual return

30.01%

21.25%+8.8pp

28.84%+1.2pp

17.67%+12.3pp

Employer contribution / active EE

$444

$5,354-91.7%

$6,427-93.1%

$3,264-86.4%

Participant deferral / active EE

$1,145

$8,423-86.4%

$9,133-87.5%

$5,346-78.6%

Admin fee / account holder

$54

$78-30.1%

$13,898-99.6%

$109-50.3%

Provider

Service type

Compensation

TRUST INTEGRITAS1 year

Service code 16 · EIN 99-2058408

15275 COLLIER BLVD · NAPLES, FL 34119

Consulting

$66,650

SHERIDAN ROAD ADVISORS LLC1 year

Filed as: HUB INTERNATIONAL

Service code 27 · EIN 84-4758315

900 S CAPITAL OF TEXAS HWY · AUSTIN, TX 78746

Advisory (Plan)

$37,958

LEADING RETIREMENT SOLUTIONS1 year

Filed as: LEADING RETIREMENT SOLUTIONS, LLC

Service code 15 · EIN 45-1200308

2226 EASTLAKE AVENUE EAST · SEATTLE, WA 98102

Recordkeeping

$24,829

MID ATLANTIC CAPITAL CORPORATION1 year

Filed as: MID ATLANTIC TRUST COMPANY

Service code 19 · EIN 27-3169253

251 WATERFRONT PLACE · PITTSBURG, PA 152224236

Securities Custodian

$16,013

LIGHTHOUSE BIZ SOLUTIONS LLC1 year

Service code 19 · EIN 83-2398406

229 PARKER ST. · GARDNER, MA 01440

Securities Custodian

$10,280

ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH MULTIPLE EMPLOYER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATION OF ECONOMIC COLLABORATION AND GROWTH MULTIPLE EMPLOYER 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