Retirement plan

AVMAX MONTANA, INC. 401(K) P/S PLAN

Name: AVMAX MONTANA, INC. - AVMAX MONTANA, INC. 401(K) P/S PLAN (2020) Form 5500
Creator: AVMAX MONTANA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AVMAX MONTANA, INC. 401(K) P/S PLAN, AVMAX MONTANA, INC.

AVMAX MONTANA, INC.EIN 20-4467616Plan #001PY 2020

1930 AIRPORT COURT - GREAT FALLS, MT 59404406-453-2344LinkedIn201-500 employeesairlines/aviation

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$1.8M

+0.4% from 2019

Total participants

150

-19.4% from 2019

Average account balance

$21,905

+17.1% from 2019

Annual return

10.02%

-9.96 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.90M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

60.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$243K

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2199

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT6+ years Filed as: RBC CAPITAL MARKETS Service code 27 101 RIVER DR. N · GREAT FALLS, MT 59401	Advisory (Plan)	$8,330
PAI6+ years Service code 13 1300 ENTERPRISE DR · DE PERE, WI 54115	Contract Administrator	$8,232
PAI2 years Filed as: PAI TRUST Service code 19 3904 W. TECHNOLOGY CIRCLE · SIOUX FALLS, SD 57106	Securities Custodian	$5,331

Plan features & details

Pension benefit codes2G3D2F2E2J2K2T3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$20K

$167 / participant

Contract admin$20K100.0%

% of EOY assets

1.080%

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: JCCS, P.C.
Auditor EIN: 810348775
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,905

$55,636-60.6%

$81,988-73.3%

$73,493-70.2%

Participation rate

44.5%

62.3%-17.8pp

69.3%-24.7pp

70.7%-26.1pp

Annual return

10.02%

19.07%-9.1pp

41.31%-31.3pp

28.51%-18.5pp

Employer contribution / active EE

$755

$1,625-53.5%

$2,498-69.8%

$2,270-66.7%

Participant deferral / active EE

$1,414

$2,762-48.8%

$3,722-62.0%

$3,740-62.2%

Admin fee / account holder

$237

$493-52.0%

$5,665-95.8%

$513-53.9%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT6+ years

Filed as: RBC CAPITAL MARKETS

Service code 27

101 RIVER DR. N · GREAT FALLS, MT 59401

Advisory (Plan)

$8,330

PAI6+ years

Service code 13

1300 ENTERPRISE DR · DE PERE, WI 54115

Contract Administrator

$8,232

PAI2 years

Filed as: PAI TRUST

Service code 19

3904 W. TECHNOLOGY CIRCLE · SIOUX FALLS, SD 57106

Securities Custodian

$5,331

AVMAX MONTANA, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVMAX MONTANA, INC. 401(K) P/S 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