Retirement plan

AVOX SYSTEMS RETIREMENT SAVINGS PLAN

Name: AVOX SYSTEMS, INC. - AVOX SYSTEMS RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: AVOX SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AVOX SYSTEMS RETIREMENT SAVINGS PLAN, AVOX SYSTEMS, INC.

AVOX SYSTEMS, INC.EIN 26-3112854Plan #004PY 2024

225 ERIE STREET - LANCASTER, NY 14086716-686-1537avoxsys.comLinkedIn201-500 employeesaviation & aerospace

Other plans on this EIN

3 filings

#001Retirement-$31.7M assets #002Retirement-$6.5M assets #003Retirement-$259K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.9M

+4.7% from 2023

Total participants

214

+7.5% from 2023

Average account balance

$23,777

-5.9% from 2023

Annual return

10.09%

-2.88 pp from 2023

Benchmarks

See 1,227 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,227 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.95M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

208

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$367K

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

+10.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$342

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 2 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP10+ years Filed as: BURKE GROUP Service code 15 · EIN 80-0688755	Recordkeeping	$54,455
ALESCO ADVISORS10+ years Filed as: ALESCO ADVISORS, INC. Service code 27 · EIN 16-1579300	Advisory (Plan)	$16,723

Plan features & details

Pension benefit codes2A2E2F2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$71K

$465 / participant

Investment mgmt$17K23.5%
Contract admin$54K76.5%

% of EOY assets

1.439%

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: SBFR PARTNERS LLP
Auditor EIN: 472554597
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,777

$54,674-56.5%

$76,089-68.8%

$74,429-68.1%

Participation rate

96.1%

60.3%+35.8pp

69.1%+27.0pp

67.2%+28.9pp

Annual return

10.09%

31.89%-21.8pp

360.94%-350.9pp

1368.38%-1358.3pp

Employer contribution / active EE

$2,396

$1,781+34.5%

$2,690-10.9%

$2,625-8.7%

Participant deferral / active EE

$3,071-100.0%

$4,259-100.0%

$4,348-100.0%

Admin fee / account holder

$342

$2,238-84.7%

$6,418-94.7%

$1,944-82.4%

Provider

Service type

Compensation

USI CONSULTING GROUP10+ years

Filed as: BURKE GROUP

Service code 15 · EIN 80-0688755

Recordkeeping

$54,455

ALESCO ADVISORS10+ years

Filed as: ALESCO ADVISORS, INC.

Service code 27 · EIN 16-1579300

Advisory (Plan)

$16,723

AVOX SYSTEMS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVOX SYSTEMS RETIREMENT SAVINGS 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