Retirement plan

AAA FLAG & BANNER MFG. CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: AAA FLAG & BANNER MFG. CO., INC. - AAA FLAG & BANNER MFG. CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: AAA FLAG & BANNER MFG. CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AAA FLAG & BANNER MFG. CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST, AAA FLAG & BANNER MFG. CO., INC.

AAA FLAG & BANNER MFG. CO., INC.EIN 95-2921050Plan #002PY 2022

8955 NATIONAL BLVD. - LOS ANGELES, CA 90034310-836-3341LinkedIn1-10 employees

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$3.7M

-23.8% from 2021

Total participants

194

+8.4% from 2021

Average account balance

$34,297

-20.3% from 2021

Annual return

-14.93%

-31.77 pp from 2021

Benchmarks

See 473 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort473 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.56M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

59.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$393K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6218

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LEE CPA AUDIT GROUP2 years Filed as: LEE CPA GROUP Service code 10 · EIN 95-2921050	Accounting	$4,750
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 13 · EIN 95-2921050 36-3297908 · SAN DIEGO, CA 92101	Contract Administrator	$3,958
MORNINGSTAR8+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$512

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$8K

$50 / participant

Contract admin$7K93.3%
Other / not subdivided$5256.7%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,297

$44,714-23.3%

$91,227-62.4%

$66,949-48.8%

Participation rate

44.5%

65.0%-20.5pp

73.2%-28.7pp

69.8%-25.3pp

Annual return

-14.93%

-12.25%-2.7pp

114.14%-129.1pp

1.57%-16.5pp

Employer contribution / active EE

$1,710-100.0%

$2,851-100.0%

$2,545-100.0%

Participant deferral / active EE

$1,542

$3,355-54.0%

$4,234-63.6%

$4,239-63.6%

Admin fee / account holder

$72

$521-86.1%

$5,423-98.7%

$594-87.8%

Provider

Service type

Compensation

LEE CPA AUDIT GROUP2 years

Filed as: LEE CPA GROUP

Service code 10 · EIN 95-2921050

Accounting

$4,750

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 13 · EIN 95-2921050

36-3297908 · SAN DIEGO, CA 92101

Contract Administrator

$3,958

MORNINGSTAR8+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$512

AAA FLAG & BANNER MFG. CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AAA FLAG & BANNER MFG. CO., INC. 401(K) PROFIT SHARING 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