Retirement plan

ACE PARKING MANAGEMENT, INC. 401(K) SAVINGS PLAN

Name: ACE PARKING MANAGEMENT, INC. - ACE PARKING MANAGEMENT, INC. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: ACE PARKING MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACE PARKING MANAGEMENT, INC. 401(K) SAVINGS PLAN, ACE PARKING MANAGEMENT, INC.

ACE PARKING MANAGEMENT, INC.EIN 95-3131447Plan #001PY 2024

645 ASH STREET - SAN DIEGO, CA 92101619-230-7253LinkedIn1-10 employeesindividual & family services

Prospect flagsLow participationLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$28.2M

+20.5% from 2023

Total participants

4,881

+3.8% from 2023

Average account balance

$7,621

+9.7% from 2023

Annual return

14.42%

-2.75 pp from 2023

Benchmarks

See 287 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort287 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.20M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

3,700

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$231,226
USI CONSULTING GROUP4 years Filed as: USI ADVISORS INC Service code 27 · EIN 06-1397347	Advisory (Plan)	$29,942
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,718

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$271K

$70 / participant

Recordkeeping$231K85.4%
Investment mgmt$36K13.2%
Other / not subdivided$4K1.5%

% of EOY assets

0.961%

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: JGD & ASSOCIATES LLP
Auditor EIN: 953132551
Audit fees: $4,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,621

$55,694-86.3%

$81,882-90.7%

$200,096-96.2%

Participation rate

69.7%

62.7%+7.0pp

72.4%-2.7pp

72.0%-2.4pp

Annual return

14.42%

19.59%-5.2pp

779.47%-765.1pp

34.26%-19.8pp

Employer contribution / active EE

$2,114-100.0%

$2,916-100.0%

$3,038-100.0%

Participant deferral / active EE

$1,220

$3,299-63.0%

$4,323-71.8%

$5,090-76.0%

Admin fee / account holder

$73

$348-79.0%

$7,360-99.0%

$269-72.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$231,226

USI CONSULTING GROUP4 years

Filed as: USI ADVISORS INC

Service code 27 · EIN 06-1397347

Advisory (Plan)

$29,942

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,718

ACE PARKING MANAGEMENT, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACE PARKING MANAGEMENT, INC. 401(K) SAVINGS 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