Retirement plan

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

Name: AFTER-SCHOOL ALL-STARS - AFTER-SCHOOL ALL-STARS 403(B) RETIREMENT PLAN (2022) 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 2022

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)

$3.5M

-15.3% from 2021

Total participants

136

+0.7% from 2021

Average account balance

$46,467

-20.9% from 2021

Annual return

-12.64%

-42.81 pp from 2021

Benchmarks

See 1,479 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,479 peers

Snapshot2022

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.3 years Filed as: MASSACHUSSETS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$38,856
CHARLESWORTH & RUGG, INC.2 years Service code 27 · EIN 95-3517087	Advisory (Plan)	$20,418
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 50 · EIN 82-3719843	Direct Payment	$2,815
ASCENSUS LLC1 year Filed as: ASCENSUS C/O FUTUREPLAN Service code 14 · EIN 82-3719843	Plan Administrator	$1,845
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 26-2768667	Contract Administrator	$1,470
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS - QBI Service code 14	Plan Administrator	$150
ASCENSUS LLC1 year Filed as: FUTUREPLAN CONSULTING - FORTWAYNE Service code 13 · EIN 11-3665754	Contract Administrator	$0
QBI, LLC4 years 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

$64K

$633 / participant

Investment mgmt$57K89.3%
Contract admin$5K7.8%
Other / not subdivided$2K2.9%

% of EOY assets

1.810%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,467

$60,989-23.8%

$60,919-23.7%

$66,949-30.6%

Participation rate

40.6%

74.5%-33.9pp

73.1%-32.5pp

69.8%-29.2pp

Annual return

-12.64%

-9.60%-3.0pp

16.96%-29.6pp

1.57%-14.2pp

Employer contribution / active EE

$1,473

$2,661-44.6%

$2,704-45.5%

$2,545-42.1%

Participant deferral / active EE

$3,436

$3,615-4.9%

$3,814-9.9%

$4,239-18.9%

Admin fee / account holder

$841

$338+148.5%

$3,228-73.9%

$594+41.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSSETS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$38,856

CHARLESWORTH & RUGG, INC.2 years

Service code 27 · EIN 95-3517087

Advisory (Plan)

$20,418

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 50 · EIN 82-3719843

Direct Payment

$2,815

ASCENSUS LLC1 year

Filed as: ASCENSUS C/O FUTUREPLAN

Service code 14 · EIN 82-3719843

Plan Administrator

$1,845

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13 · EIN 26-2768667

Contract Administrator

$1,470

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS - QBI

Service code 14

Plan Administrator

$150

ASCENSUS LLC1 year

Filed as: FUTUREPLAN CONSULTING - FORTWAYNE

Service code 13 · EIN 11-3665754

Contract Administrator

QBI, LLC4 years

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