Retirement plan

ADVANCED NETWORK MANAGEMENT, INC 401(K) PROFIT SHARING PLAN

Name: ADVANCED NETWORK MANAGEMENT INC. - ADVANCED NETWORK MANAGEMENT, INC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: ADVANCED NETWORK MANAGEMENT INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCED NETWORK MANAGEMENT, INC 401(K) PROFIT SHARING PLAN, ADVANCED NETWORK MANAGEMENT INC.

ADVANCED NETWORK MANAGEMENT INC.EIN 85-0427142Plan #001PY 2018

4001 JEFFERSON PLAZA NE - ALBUQUERQUE, NM 87109505-217-0750

Prospect flagsLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.7M

+25.9% from 2017

Total participants

166

+30.7% from 2017

Average account balance

$28,806

-1.9% from 2017

Annual return

-4.48%

-27.18 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.83M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

320

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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 2 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER1 year Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$23,536
FIRST HEARTLAND CONSULTANTS, INC.1 year Filed as: FIRST HEARTLAND CONSULTANTS, INC Service code 15 · EIN 43-1635589	Recordkeeping	$19,391

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

3 tripped

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

$43K

$328 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.914%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,806

$73,102-60.6%

$123,552-76.7%

$56,287-48.8%

Participation rate

97.7%

74.3%+23.4pp

82.3%+15.4pp

69.9%+27.9pp

Annual return

-4.48%

3.01%-7.5pp

119.20%-123.7pp

-9.96%+5.5pp

Employer contribution / active EE

$3,780

$2,977+27.0%

$4,628-18.3%

$2,111+79.0%

Participant deferral / active EE

$6,162

$5,423+13.6%

$6,426-4.1%

$3,350+84.0%

Admin fee / account holder

$263

$554-52.4%

$9,285-97.2%

$521-49.4%

Provider

Service type

Compensation

ADP BROKER-DEALER1 year

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$23,536

FIRST HEARTLAND CONSULTANTS, INC.1 year

Filed as: FIRST HEARTLAND CONSULTANTS, INC

Service code 15 · EIN 43-1635589

Recordkeeping

$19,391

ADVANCED NETWORK MANAGEMENT, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCED NETWORK MANAGEMENT, INC 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