Retirement plan

ATHENA TECHNOLOGY GROUP, INC. 401(K) PLAN

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

ATHENA TECHNOLOGY GROUP, INC.EIN 27-2806707Plan #001PY 2024

P.O. BOX 487 - EAST SETAUKET, NY 11733703-483-3700LinkedIn11-50 employeescomputer software

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+47.8% from 2023

Total participants

140

-4.1% from 2023

Average account balance

$28,672

+52.4% from 2023

Annual return

15.69%

-20.81 pp from 2023

Benchmarks

See 10,689 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,689 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.70M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

129

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

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

+15.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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

See the 3-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.1 year Filed as: THE VANGUARD GROUP, INC Service code 15 · EIN 23-1945930 100 VANGUARD BOULEVARD · MALVERN, PA 19355	Recordkeeping	$13,813
TIGERS EYE BENEFITS CONSULTING1 year Service code 14 147 W WASHINGTON ST · HAGERSTOWN, MD 21740	Plan Administrator	$10,545
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Participants)	$9,088
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 51-0492818 4000 MACARTHUR BLVD · NEWPORT BEACH, CA 92660	Advisory (Participants)	$832

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S3D

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$28K

$320 / participant

Recordkeeping$28K100.0%

% of EOY assets

0.762%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: APRIO, LLP
Auditor EIN: 571157523
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,672

$58,234-50.8%

$81,783-64.9%

$80,874-64.5%

Participation rate

87.5%

63.4%+24.1pp

72.4%+15.1pp

67.6%+19.9pp

Annual return

15.69%

41.70%-26.0pp

775.05%-759.4pp

35.62%-19.9pp

Employer contribution / active EE

$4,204

$2,341+79.5%

$2,913+44.3%

$2,756+52.6%

Participant deferral / active EE

$8,003

$3,283+143.8%

$4,320+85.2%

$4,297+86.3%

Admin fee / account holder

$219

$4,982-95.6%

$7,380-97.0%

$6,935-96.8%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP, INC

Service code 15 · EIN 23-1945930

100 VANGUARD BOULEVARD · MALVERN, PA 19355

Recordkeeping

$13,813

TIGERS EYE BENEFITS CONSULTING1 year

Service code 14

147 W WASHINGTON ST · HAGERSTOWN, MD 21740

Plan Administrator

$10,545

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26 · EIN 47-1411118

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Participants)

$9,088

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP

Service code 26 · EIN 51-0492818

4000 MACARTHUR BLVD · NEWPORT BEACH, CA 92660

Advisory (Participants)

$832

ATHENA TECHNOLOGY GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATHENA TECHNOLOGY GROUP, INC. 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