Alembic Animation Sync issues when playing/rendering in sequencer

Alembic Animation Sync issues when playing/rendering in sequencer

1. Download the attached project
2. PIE, then exit PIE
3. Open the sequence
4. Render at 25 fps

Result: Rectangular sheet (Alembic asset) is out of sync with the sphere (skeletal animation)
Expected: Both are in sync and traveling at offset as before PIE

Alembic don't synchronize