Retirement plan

AFTER-SCHOOL ALL-STARS 403(B) RETIREMENT PLAN

Name: AFTER-SCHOOL ALL-STARS - AFTER-SCHOOL ALL-STARS 403(B) RETIREMENT PLAN (2021) Form 5500
Creator: AFTER-SCHOOL ALL-STARS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFTER-SCHOOL ALL-STARS 403(B) RETIREMENT PLAN, AFTER-SCHOOL ALL-STARS

AFTER-SCHOOL ALL-STARSEIN 95-4441208Plan #002PY 2021

5760 WILSHIRE BLVD., SUITE 1800 - LOS ANGELES, CA 90036323-938-3232asasohio.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsHigh feesLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.2M

+24.0% from 2020

Total participants

135

-38.6% from 2020

Average account balance

$58,758

+17.0% from 2020

Annual return

30.17%

+24.81 pp from 2020

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.01M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

15.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$676K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$399

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSSETS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$35,368
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: AMERICAN FIN NETWORK ADV SVCS LLC Service code 27 · EIN 90-0897271	Advisory (Plan)	$10,785
CHARLESWORTH & RUGG, INC.1 year Service code 27 · EIN 95-3517087	Advisory (Plan)	$7,798
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 50 · EIN 82-3719843	Direct Payment	$6,495
QBI, LLC1 year Filed as: QBI LLC Service code 13	Contract Administrator	$1,800
QBI, LLC3 years Service code 13 · EIN 26-2768667	Contract Administrator	$1,636
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN LLP Service code 10 · EIN 41-0746749	Accounting	$677
QBI, LLC3 years Filed as: QBI,LLC Service code 13 · EIN 26-2768667	Contract Administrator	$0

Plan features & details

Pension benefit codes2F2G2L2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$61K

$593 / participant

Investment mgmt$52K85.8%
Contract admin$8K13.1%
Other / not subdivided$6771.1%

% of EOY assets

1.465%

all-in expense ratio

Categories reported

2 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,758

$74,706-21.3%

$75,714-22.4%

$79,391-26.0%

Participation rate

37.9%

75.3%-37.5pp

74.8%-37.0pp

70.7%-32.8pp

Annual return

30.17%

18.52%+11.6pp

104.62%-74.5pp

116.88%-86.7pp

Employer contribution / active EE

$1,219

$2,590-52.9%

$2,744-55.6%

$2,428-49.8%

Participant deferral / active EE

$2,559

$3,533-27.6%

$3,820-33.0%

$4,046-36.8%

Admin fee / account holder

$861

$374+129.9%

$3,619-76.2%

$627+37.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSSETS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$35,368

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: AMERICAN FIN NETWORK ADV SVCS LLC

Service code 27 · EIN 90-0897271

Advisory (Plan)

$10,785

CHARLESWORTH & RUGG, INC.1 year

Service code 27 · EIN 95-3517087

Advisory (Plan)

$7,798

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 50 · EIN 82-3719843

Direct Payment

$6,495

QBI, LLC1 year

Filed as: QBI LLC

Service code 13

Contract Administrator

$1,800

QBI, LLC3 years

Service code 13 · EIN 26-2768667

Contract Administrator

$1,636

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN LLP

Service code 10 · EIN 41-0746749

Accounting

$677

QBI, LLC3 years

Filed as: QBI,LLC

Service code 13 · EIN 26-2768667

Contract Administrator

AFTER-SCHOOL ALL-STARS 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFTER-SCHOOL ALL-STARS 403(B) 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