Retirement plan

FORENSIC ANALYTICAL RETIREMENT PLAN

Name: FORENSIC ANALYTICAL SPECIALTIES, INC. - FORENSIC ANALYTICAL RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$31.9M

+2.3% from 2022

Total participants

257

-0.8% from 2022

Average account balance

$129,187

+2.3% from 2022

Annual return

16.50%

+33.66 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 38 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Participant Communication	$111,402
SAGEVIEW ADVISORY GROUP, LLC9+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$35,096
CARLSON QUINN3 years Filed as: CARLSON QUINN, INC. Service code 13 · EIN 94-3210526	Contract Administrator	$24,755
WRIGHT FORD YOUNG & CO1 year Filed as: WRIGHT FORD YOUNG & CO. Service code 10 16140 SAND CANYON AVENUE · IRVINE, CA 92618	Accounting	$21,050
FORENSIC ANALYTICAL CONSULTING1 year Service code 10 21228 CABOT BOULEVARD · HAYWARD, CA 94545	Accounting	$19,750
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS. CO. OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$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

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

$184K

$1133 / participant

Recordkeeping$107K58.3%
Investment mgmt$36K19.5%
Other / not subdivided$41K22.2%

% of EOY assets

0.575%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WRIGHT FORD YOUNG & CO
Auditor EIN: 953288054
Audit fees: $40,800
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,187

$91,407+41.3%

$135,903-4.9%

$71,457+80.8%

Participation rate

93.8%

75.7%+18.2pp

81.9%+11.9pp

67.9%+25.9pp

Annual return

16.50%

29.90%-13.4pp

68.23%-51.7pp

28.85%-12.3pp

Employer contribution / active EE

$3,177

$3,703-14.2%

$4,856-34.6%

$2,588+22.8%

Participant deferral / active EE

$7,852

$7,092+10.7%

$7,758+1.2%

$4,289+83.1%

Admin fee / account holder

$743

$1,266-41.3%

$10,762-93.1%

$1,587-53.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 38

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Participant Communication

$111,402

SAGEVIEW ADVISORY GROUP, LLC9+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$35,096

CARLSON QUINN3 years

Filed as: CARLSON QUINN, INC.

Service code 13 · EIN 94-3210526

Contract Administrator

$24,755

WRIGHT FORD YOUNG & CO1 year

Filed as: WRIGHT FORD YOUNG & CO.

Service code 10

16140 SAND CANYON AVENUE · IRVINE, CA 92618

Accounting

$21,050

FORENSIC ANALYTICAL CONSULTING1 year

Service code 10

21228 CABOT BOULEVARD · HAYWARD, CA 94545

Accounting

$19,750

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS. CO. OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

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