Retirement plan

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

Name: AFTER-SCHOOL ALL-STARS - AFTER-SCHOOL ALL-STARS 403(B) RETIREMENT PLAN (2023) 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 2023

6420 WILSHIRE BLVD., SUITE 1250 - LOS ANGELES, CA 90048323-938-3232asasohio.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

+14.2% from 2022

Total participants

121

-11.0% from 2022

Average account balance

$45,317

-2.5% from 2022

Annual return

11.04%

+23.69 pp from 2022

Benchmarks

See 4,430 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,430 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$25,480
CHARLESWORTH & RUGG, INC.1 year Filed as: CHARLESWORTH & RUGG INC DBA HIGHLIN Service code 27 20750 VENTURA BLVD · WOODLAND HILLS, CA 91364	Advisory (Plan)	$13,786
ASCENSUS LLC1 year Filed as: ASCENSUS INC Service code 99 1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814	Other Fees	$1,379
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$750

Plan features & details

Pension benefit codes2L2K2F2G2T3D

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.
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.
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.)
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

$35K

$432 / participant

Investment mgmt$35K100.0%

% of EOY assets

0.857%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,317

$46,553-2.7%

$64,056-29.3%

$75,163-39.7%

Participation rate

60.0%

65.9%-5.9pp

72.3%-12.3pp

67.2%-7.2pp

Annual return

11.04%

26.03%-15.0pp

33.69%-22.6pp

160.62%-149.6pp

Employer contribution / active EE

$1,101

$1,974-44.2%

$2,747-59.9%

$2,670-58.8%

Participant deferral / active EE

$5,664

$2,837+99.7%

$3,880+46.0%

$4,125+37.3%

Admin fee / account holder

$388

$2,952-86.8%

$3,068-87.3%

$5,651-93.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$25,480

CHARLESWORTH & RUGG, INC.1 year

Filed as: CHARLESWORTH & RUGG INC DBA HIGHLIN

Service code 27

20750 VENTURA BLVD · WOODLAND HILLS, CA 91364

Advisory (Plan)

$13,786

ASCENSUS LLC1 year

Filed as: ASCENSUS INC

Service code 99

1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814

Other Fees

$1,379

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 13

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$750

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