Retirement plan

ALTRES 401(K) RETIREMENT PLAN

Name: ALTRES GLOBAL BUSINESS SERVICES, INC. - ALTRES 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: ALTRES GLOBAL BUSINESS SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTRES 401(K) RETIREMENT PLAN, ALTRES GLOBAL BUSINESS SERVICES, INC.

ALTRES GLOBAL BUSINESS SERVICES, INC.EIN 99-0338459Plan #333PY 2021

967 KAPIOLANI BOULEVARD - HONOLULU, HI 96814808-591-4900LinkedIn5001-10000 employeeshuman resources

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$118.4M

-13.5% from 2020

Total participants

4,526

-0.0% from 2020

Average account balance

$44,259

-15.7% from 2020

Annual return

-18.16%

-34.94 pp from 2020

Benchmarks

See 323 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort323 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$163.07M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

3,854

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.

51.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION7+ years Service code 15 · EIN 65-0608221	Recordkeeping	$507,666
SLAVIC INTEGRATED ADMINISTRATION7+ years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$136,879
KOBO WEALTH CONSERVANCY1 year Filed as: KOBO WEALTH CONSERVANCY LLC Service code 26 · EIN 20-8546080	Advisory (Participants)	$100,124

Plan features & details

Pension benefit codes2E2F2G2J2K3H2T

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$745K

$209 / participant

Investment mgmt$237K31.8%
Contract admin$508K68.2%

% of EOY assets

0.629%

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: SOMERSET CPAS, P.C.
Auditor EIN: 201717681
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,259

$45,719-3.2%

$96,171-54.0%

$93,010-52.4%

Participation rate

48.2%

45.8%+2.3pp

68.4%-20.3pp

73.9%-25.7pp

Annual return

-18.16%

3211.95%-3230.1pp

192.04%-210.2pp

158.70%-176.9pp

Employer contribution / active EE

$1,122

$1,139-1.4%

$2,799-59.9%

$2,705-58.5%

Participant deferral / active EE

$2,467

$2,344+5.2%

$4,350-43.3%

$4,561-45.9%

Admin fee / account holder

$278

$128+117.4%

$5,538-95.0%

$152+83.5%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION7+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$507,666

SLAVIC INTEGRATED ADMINISTRATION7+ years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$136,879

KOBO WEALTH CONSERVANCY1 year

Filed as: KOBO WEALTH CONSERVANCY LLC

Service code 26 · EIN 20-8546080

Advisory (Participants)

$100,124

ALTRES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTRES 401(K) 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