Retirement plan

EMPLOYEE BENEFIT PLAN OF ALASKA BUSINESS GROWTH CORPORATION

Name: ALASKA BUSINESS GROWTH CORPORATION - EMPLOYEE BENEFIT PLAN OF ALASKA BUSINESS GROWTH CORPORATION (2021) Form 5500
Creator: ALASKA BUSINESS GROWTH CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF ALASKA BUSINESS GROWTH CORPORATION, ALASKA BUSINESS GROWTH CORPORATION

ALASKA BUSINESS GROWTH CORPORATIONEIN 92-0041798Plan #001PY 2021

PO BOX 1309 - HAINES, AK 998271309907-766-2040LinkedIn11-50 employeesfood & beverages

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+17.5% from 2020

Total participants

-5.9% from 2020

Average account balance

$134,292

+25.3% from 2020

Annual return

16.72%

-2.46 pp from 2020

Benchmarks

See 19,956 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort19,956 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.30M

Not enough data

1 years with asset history on file

Average account balance

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

$192K

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.

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.

60.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6690

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

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

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

Expense breakdown

Schedule H Part II

Admin total

$66K

$5493 / participant

Other / not subdivided$66K100.0%

% of EOY assets

3.272%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,292

$118,877+13.0%

$96,570+39.1%

$167,536-19.8%

Participation rate

91.7%

75.5%+16.2pp

69.8%+21.8pp

82.1%+9.6pp

Annual return

16.72%

50.50%-33.8pp

37.79%-21.1pp

478.82%-462.1pp

Employer contribution / active EE

$1,973

$3,121-36.8%

$2,357-16.3%

$4,839-59.2%

Participant deferral / active EE

$4,598

$4,617-0.4%

$3,849+19.5%

$6,342-27.5%

Admin fee / account holder

$4,394

$8,069-45.5%

$6,182-28.9%

$12,315-64.3%

EMPLOYEE BENEFIT PLAN OF ALASKA BUSINESS GROWTH CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF ALASKA BUSINESS GROWTH CORPORATION

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