Retirement plan

AVMAC 401(K) PLAN

Name: AVMAC, LLC - AVMAC 401(K) PLAN (2024) Form 5500
Creator: AVMAC, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AVMAC 401(K) PLAN, AVMAC, LLC

AVMAC, LLCEIN 27-0432998Plan #001PY 2024

409 INNOVATION DR. - CHESAPEAKE, VA 233203866757-995-2029avmacllc.comLinkedIn501-1000 employeesaviation & aerospace

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.8M

+22.8% from 2023

Total participants

339

-3.1% from 2023

Average account balance

$25,821

+25.7% from 2023

Annual return

18.98%

-1.30 pp from 2023

Benchmarks

See 679 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort679 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.82M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

303

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$810K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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 1 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS4 years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766	Recordkeeping	$17,522

Plan features & details

Pension benefit codes2E2F2G2J2T3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$21K

$77 / participant

Recordkeeping$18K82.7%
Trustee / custodial$3K14.3%
Other / not subdivided$6353.0%

% of EOY assets

0.271%

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: WALL, EINHORN & CHERNITZER, P.C.
Auditor EIN: 541517420
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,821

$55,457-53.4%

$76,119-66.1%

$77,736-66.8%

Participation rate

86.9%

63.6%+23.3pp

69.1%+17.8pp

70.6%+16.3pp

Annual return

18.98%

17.09%+1.9pp

361.25%-342.3pp

31.26%-12.3pp

Employer contribution / active EE

$1,792-100.0%

$2,693-100.0%

$2,728-100.0%

Participant deferral / active EE

$2,945

$3,454-14.7%

$4,259-30.8%

$4,651-36.7%

Admin fee / account holder

$70

$411-83.0%

$6,421-98.9%

$433-83.9%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS4 years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

Recordkeeping

$17,522

AVMAC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVMAC 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