Retirement plan

AADAP, INC. 401(K) PROFIT SHARING PLAN

Name: ASIAN AMERICAN DRUG ABUSE PROGRAM, INC. - AADAP, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: ASIAN AMERICAN DRUG ABUSE PROGRAM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AADAP, INC. 401(K) PROFIT SHARING PLAN, ASIAN AMERICAN DRUG ABUSE PROGRAM, INC.

ASIAN AMERICAN DRUG ABUSE PROGRAM, INC.EIN 95-2848695Plan #002PY 2019

2900 SOUTH CRENSHAW - LOS ANGELES, CA 90016323-293-6284

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.4M

+3.4% from 2018

Total participants

145

-5.2% from 2018

Average account balance

$65,079

+9.1% from 2018

Annual return

6.66%

-1.70 pp from 2018

Benchmarks

See 8,598 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,598 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.61M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

215

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$804K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$473

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
QBI, LLC4+ years Service code 15 · EIN 26-2768667 21031 VENTURA BLVD 12TH FLOOR · WOODLAND HILLS, CA 913642203	Recordkeeping	$11,569
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON-CO-FID COMPREHENSIVE Service code 28 · EIN 65-0802319 SUITE 200 · NORTHBROOK, IL 60062	Investment Management	$0
LPL FINANCIAL4+ years Filed as: LPL Service code 28 P.O. BOX 502308 · SAN DIEGO, CA 92150	Investment Management	$0
NATIONWIDE4+ years Service code 64 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$21K

$254 / participant

Contract admin$21K100.0%

% of EOY assets

0.220%

all-in expense ratio

Categories reported

1 / 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: QUIGLEY & MIRON
Auditor EIN: 320530003
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,079

$54,763+18.8%

$90,324-28.0%

$72,976-10.8%

Participation rate

100.0%

65.2%+34.8pp

73.3%+26.7pp

69.5%+30.5pp

Annual return

6.66%

30.63%-24.0pp

78.15%-71.5pp

81.02%-74.4pp

Employer contribution / active EE

$2,346

$2,093+12.1%

$2,856-17.9%

$2,440-3.9%

Participant deferral / active EE

$3,140

$2,887+8.7%

$3,885-19.2%

$3,608-13.0%

Admin fee / account holder

$143

$3,973-96.4%

$5,356-97.3%

$5,124-97.2%

Provider

Service type

Compensation

QBI, LLC4+ years

Service code 15 · EIN 26-2768667

21031 VENTURA BLVD 12TH FLOOR · WOODLAND HILLS, CA 913642203

Recordkeeping

$11,569

IRON-CO-FID-COMPREHENSIVE2 years

Filed as: IRON-CO-FID COMPREHENSIVE

Service code 28 · EIN 65-0802319

SUITE 200 · NORTHBROOK, IL 60062

Investment Management

LPL FINANCIAL4+ years

Filed as: LPL

Service code 28

P.O. BOX 502308 · SAN DIEGO, CA 92150

Investment Management

NATIONWIDE4+ years

Service code 64 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

AADAP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AADAP, 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