Retirement plan

AMERICAN PROFESSIONAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN

Name: AMERICAN PROFESSIONAL ASSOCIATES, LLC - AMERICAN PROFESSIONAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: AMERICAN PROFESSIONAL ASSOCIATES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN PROFESSIONAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN, AMERICAN PROFESSIONAL ASSOCIATES, LLC

AMERICAN PROFESSIONAL ASSOCIATES, LLCEIN 84-1708057Plan #001PY 2020

3330 PRESTON RIDGE RD, SUITE 300 - ALPHARETTA, GA 30005770-255-7404

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+7.9% from 2019

Total participants

105

-6.3% from 2019

Average account balance

$49,263

+15.6% from 2019

Annual return

13.15%

-8.86 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$942

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-1.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 5 by compensation

Provider	Service type	Compensation
PENSION FINANCIAL SERVICES, INC.5+ years Service code 13 · EIN 58-1485803	Contract Administrator	$6,556
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290	Contract Administrator	$3,825
KESTRA INVESTMENT SERVICES LLC1 year Service code 27 · EIN 74-2794194	Advisory (Plan)	$0
PENSION FINANCIAL SERVICES, INC.3 years Filed as: PENSION FINANCIAL SERVICES, INC Service code 13	Contract Administrator	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$10K

$196 / participant

Contract admin$10K100.0%

% of EOY assets

0.251%

all-in expense ratio

Categories reported

1 / 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: NICHOLS, CAULEY & ASSOCIATES, LLC
Auditor EIN: 582475857
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,263

$91,179-46.0%

$178,499-72.4%

$79,852-38.3%

Participation rate

60.4%

69.2%-8.8pp

81.9%-21.6pp

69.6%-9.3pp

Annual return

13.15%

24.19%-11.0pp

151.10%-138.0pp

31.72%-18.6pp

Employer contribution / active EE

$3,256-100.0%

$5,011-100.0%

$2,471-100.0%

Participant deferral / active EE

$4,115

$3,236+27.2%

$5,202-20.9%

$3,740+10.0%

Admin fee / account holder

$124

$6,749-98.2%

$13,986-99.1%

$5,306-97.7%

Provider

Service type

Compensation

PENSION FINANCIAL SERVICES, INC.5+ years

Service code 13 · EIN 58-1485803

Contract Administrator

$6,556

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,825

KESTRA INVESTMENT SERVICES LLC1 year

Service code 27 · EIN 74-2794194

Advisory (Plan)

PENSION FINANCIAL SERVICES, INC.3 years

Filed as: PENSION FINANCIAL SERVICES, INC

Service code 13

Contract Administrator

WILSHIRE ASSOCIATES INCORPORATED5+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

AMERICAN PROFESSIONAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN PROFESSIONAL ASSOCIATES, LLC 401(K) PROFIT SHARING 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