Retirement plan

FORENSIC ANALYTICAL RETIREMENT PLAN

Name: FORENSIC ANALYTICAL SPECIALTIES, INC. - FORENSIC ANALYTICAL RETIREMENT PLAN (2021) Form 5500
Creator: FORENSIC ANALYTICAL SPECIALTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORENSIC ANALYTICAL RETIREMENT PLAN, FORENSIC ANALYTICAL SPECIALTIES, INC.

FORENSIC ANALYTICAL SPECIALTIES, INC.EIN 94-3018588Plan #002PY 2021

3777 DEPOT ROAD, SUITE 409 - HAYWARD, CA 94545510-887-8828LinkedIn51-200 employeesenvironmental services

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$38.1M

+23.7% from 2020

Total participants

255

+1.6% from 2020

Average account balance

$154,210

+25.2% from 2020

Annual return

23.92%

+4.01 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.36M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

251

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$687

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 38 · EIN 04-1590850	Participant Communication	$134,010
SAGEVIEW ADVISORY GROUP, LLC7+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$32,136
CARLSON QUINN7+ years Service code 13	Contract Administrator	$25,969
CARLSON QUINN1 year Filed as: CARLSON QUINN, INC. Service code 13 · EIN 94-3210526	Contract Administrator	$19,405
WRIGHT FORD YOUNG & CO4 years Filed as: WRIGHT FORD & YOUNG CO. Service code 10 · EIN 95-3288054	Accounting	$16,750
SEE ATTACHED5 years Service code 13 · EIN 04-1590850	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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.
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

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$127K

$782 / participant

Investment mgmt$32K25.2%
Contract admin$59K46.4%
Other / not subdivided$36K28.4%

% of EOY assets

0.334%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WRIGHT FORD YOUNG & CO
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,210

$104,479+47.6%

$159,474-3.3%

$79,391+94.2%

Participation rate

95.1%

76.6%+18.5pp

82.8%+12.3pp

70.7%+24.4pp

Annual return

23.92%

67.98%-44.1pp

263.68%-239.8pp

116.88%-93.0pp

Employer contribution / active EE

$2,998

$3,417-12.3%

$4,831-37.9%

$2,428+23.5%

Participant deferral / active EE

$8,040

$6,468+24.3%

$7,353+9.3%

$4,046+98.7%

Admin fee / account holder

$516

$711-27.5%

$10,802-95.2%

$627-17.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 38 · EIN 04-1590850

Participant Communication

$134,010

SAGEVIEW ADVISORY GROUP, LLC7+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$32,136

CARLSON QUINN7+ years

Service code 13

Contract Administrator

$25,969

CARLSON QUINN1 year

Filed as: CARLSON QUINN, INC.

Service code 13 · EIN 94-3210526

Contract Administrator

$19,405

WRIGHT FORD YOUNG & CO4 years

Filed as: WRIGHT FORD & YOUNG CO.

Service code 10 · EIN 95-3288054

Accounting

$16,750

SEE ATTACHED5 years

Service code 13 · EIN 04-1590850

Contract Administrator

FORENSIC ANALYTICAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORENSIC ANALYTICAL 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