Retirement plan

AHI 401(K) PLAN

Name: AVASURE HOLDINGS, INC. - AHI 401(K) PLAN (2019) Form 5500
Creator: AVASURE HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AHI 401(K) PLAN, AVASURE HOLDINGS, INC.

AVASURE HOLDINGS, INC.EIN 20-3347607Plan #001PY 2019

5801 SAFETY DRIVE NE - BELMONT, MI 49306616-301-0129LinkedIn51-200 employeesmedical practice

Prospect flagsRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

+68.5% from 2018

Total participants

148

+4.2% from 2018

Average account balance

$32,974

+43.4% from 2018

Annual return

28.71%

+36.78 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.35M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

266

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+19.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 3 by compensation

Provider	Service type	Compensation
EDWARD JONES1 year Service code 17 · EIN 43-0345811 12555 MANCHESTER RD · ST. LOUIS, MO 631313710	Pension Consulting	$13,399
EPIC RETIREMENT PLAN SERVICES1 year Filed as: KDP RETIREMENT PLAN SERVICES Service code 10 · EIN 38-3478073 3060 LAKE ESTBROOK BLVD SE · GRAND RAPIDS, MI 49512	Accounting	$450
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 15 333 S. HOPE ST. · LOS ANGELES, CA 90071	Recordkeeping	$150

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$600

$5 / participant

Contract admin$600100.0%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FOX & COMPANY
Auditor EIN: 382633492
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,974

$65,378-49.6%

$87,103-62.1%

$65,186-49.4%

Participation rate

73.6%

75.3%-1.7pp

76.9%-3.2pp

70.2%+3.4pp

Annual return

28.71%

31.28%-2.6pp

28.19%+0.5pp

29.39%-0.7pp

Employer contribution / active EE

$2,818

$1,823+54.6%

$2,521+11.8%

$2,177+29.5%

Participant deferral / active EE

$4,553

$3,389+34.4%

$4,049+12.5%

$3,514+29.6%

Admin fee / account holder

$520-99.0%

$7,491-99.9%

$847-99.4%

Provider

Service type

Compensation

EDWARD JONES1 year

Service code 17 · EIN 43-0345811

12555 MANCHESTER RD · ST. LOUIS, MO 631313710

Pension Consulting

$13,399

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: KDP RETIREMENT PLAN SERVICES

Service code 10 · EIN 38-3478073

3060 LAKE ESTBROOK BLVD SE · GRAND RAPIDS, MI 49512

Accounting

$450

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 15

333 S. HOPE ST. · LOS ANGELES, CA 90071

Recordkeeping

$150

AHI 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AHI 401(K) 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