Retirement plan

ASMG 401K PLAN AND TRUST

Name: ALL STATES MATERIALS GROUP, INC. - ASMG 401K PLAN AND TRUST (2024) Form 5500
Creator: ALL STATES MATERIALS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASMG 401K PLAN AND TRUST, ALL STATES MATERIALS GROUP, INC.

ALL STATES MATERIALS GROUP, INC.EIN 87-1118566Plan #001PY 2024

11 INTERSTATE DRIVE, SUITE 301 - WEST SPRINGFIELD, MA 01089413-665-7021asmg.comLinkedIn501-1000 employeesconsumer goods

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$62M

+29.0% from 2023

Total participants

810

+30.9% from 2023

Average account balance

$76,584

-1.7% from 2023

Annual return

21.78%

+7.28 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.96M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

809

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+21.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$564

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 4 by compensation

Provider	Service type	Compensation
MOODY LYNN3+ years Service code 28 · EIN 04-2972753	Investment Management	$281,280
SENTINEL PENSION ADVISORS3+ years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$113,360
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$36,691
EDELSTEIN & COMPANY, LLP3+ years Service code 10 · EIN 04-2442519	Accounting	$25,050

Plan features & details

Pension benefit codes2A2E2J2K3D3H2S

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$456K

$734 / participant

Recordkeeping$113K24.8%
Trustee / custodial$37K8.0%
Investment mgmt$281K61.6%
Other / not subdivided$25K5.5%

% of EOY assets

0.737%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: $25,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,584

$82,979-7.7%

$102,412-25.2%

$77,736-1.5%

Participation rate

99.8%

71.5%+28.3pp

74.5%+25.3pp

70.6%+29.3pp

Annual return

21.78%

19.11%+2.7pp

24.94%-3.2pp

31.26%-9.5pp

Employer contribution / active EE

$5,187

$3,554+46.0%

$3,870+34.0%

$2,728+90.1%

Participant deferral / active EE

$4,917

$4,109+19.7%

$5,060-2.8%

$4,651+5.7%

Admin fee / account holder

$564

$639-11.7%

$8,388-93.3%

$433+30.2%

Provider

Service type

Compensation

MOODY LYNN3+ years

Service code 28 · EIN 04-2972753

Investment Management

$281,280

SENTINEL PENSION ADVISORS3+ years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$113,360

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

$36,691

EDELSTEIN & COMPANY, LLP3+ years

Service code 10 · EIN 04-2442519

Accounting

$25,050

ASMG 401K PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASMG 401K PLAN AND TRUST

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