Retirement plan

ALVIS, INC. 401(K) PROFIT SHARING PLAN

Name: ALVIS, INC. - ALVIS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ALVIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALVIS, INC. 401(K) PROFIT SHARING PLAN, ALVIS, INC.

ALVIS, INC.EIN 31-0743167Plan #002PY 2023

2100 STELLA COURT - COLUMBUS, OH 43215614-252-8402alvis180.orgLinkedIn501-1000 employeesindividual & family services

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.7M

+14.3% from 2022

Total participants

485

+6.4% from 2022

Average account balance

$20,496

+22.5% from 2022

Annual return

13.88%

+28.30 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.15M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

268

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.

43.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$820K

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

+10.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 4 by compensation

Provider	Service type	Compensation
STADION MONEY MANAGEMENT4 years Service code 26 · EIN 58-2099805	Advisory (Participants)	$21,170
LPL FINANCIAL1 year Service code 27 RPCP COMPENSATION PROCESSING · SAN DIEGO, CA 921502533	Advisory (Plan)	$18,240
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-1140070	Contract Administrator	$15,515
BENEFITS ADMINISTRATORS, LLC1 year Service code 15 · EIN 61-1291181 269 WEST MAIN STREET · LEXINGTON, KY 40507	Recordkeeping	$10,937

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$66K

$173 / participant

Contract admin$66K100.0%

% of EOY assets

1.152%

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: BRADY WARE & COMPANY
Auditor EIN: 351476702
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,496

$47,180-56.6%

$149,723-86.3%

$74,473-72.5%

Participation rate

45.8%

63.4%-17.6pp

78.8%-33.0pp

70.7%-25.0pp

Annual return

13.88%

22.75%-8.9pp

134.50%-120.6pp

34.36%-20.5pp

Employer contribution / active EE

$770

$1,907-59.6%

$4,821-84.0%

$2,638-70.8%

Participant deferral / active EE

$1,330

$2,730-51.3%

$5,682-76.6%

$4,530-70.6%

Admin fee / account holder

$236

$343-31.2%

$13,215-98.2%

$347-32.0%

Provider

Service type

Compensation

STADION MONEY MANAGEMENT4 years

Service code 26 · EIN 58-2099805

Advisory (Participants)

$21,170

LPL FINANCIAL1 year

Service code 27

RPCP COMPENSATION PROCESSING · SAN DIEGO, CA 921502533

Advisory (Plan)

$18,240

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-1140070

Contract Administrator

$15,515

BENEFITS ADMINISTRATORS, LLC1 year

Service code 15 · EIN 61-1291181

269 WEST MAIN STREET · LEXINGTON, KY 40507

Recordkeeping

$10,937

ALVIS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALVIS, INC. 401(K) PROFIT SHARING 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