Retirement plan

THE AVE MARIA 401(K) PLAN

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

THE AVE MARIA FOUNDATIONEIN 38-2514364Plan #001PY 2024

ONE AVE MARIA DRIVE, P.O. BOX 373 - ANN ARBOR, MI 481060373734-930-3150avemariafoundation.comLinkedIn51-200 employeeshigher education

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$27M

+11.6% from 2023

Total participants

792

+24.3% from 2023

Average account balance

$97,037

+14.4% from 2023

Annual return

14.67%

-2.31 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.98M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

278

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.

28.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.20M

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$314

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
M HOLDINGS SECURITIES INC4 years Filed as: M HOLDINGS Service code 99 · EIN 91-1802259 1125 NW COUCH ST #900 · PORTLAND, OR 97209	Other Fees	$12,624
THE BENEFIT ADVANTAGE, INC.1 year Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Contract Administrator	$4,015

Plan features & details

Pension benefit codes2F2G2J2K

Plan features

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$87K

$121 / participant

Investment mgmt$52K59.9%
Contract admin$32K36.2%
Other / not subdivided$3K3.9%

% of EOY assets

0.324%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MYLER & SZCZYPKA, P.C.
Auditor EIN: 383194639
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,037

$65,960+47.1%

$81,844+18.6%

$77,736+24.8%

Participation rate

28.6%

65.8%-37.2pp

72.4%-43.8pp

70.6%-42.0pp

Annual return

14.67%

26.64%-12.0pp

778.87%-764.2pp

31.26%-16.6pp

Employer contribution / active EE

$1,098

$2,375-53.8%

$2,916-62.3%

$2,728-59.7%

Participant deferral / active EE

$1,962

$3,505-44.0%

$4,323-54.6%

$4,651-57.8%

Admin fee / account holder

$314

$526-40.4%

$7,355-95.7%

$433-27.5%

Provider

Service type

Compensation

M HOLDINGS SECURITIES INC4 years

Filed as: M HOLDINGS

Service code 99 · EIN 91-1802259

1125 NW COUCH ST #900 · PORTLAND, OR 97209

Other Fees

$12,624

THE BENEFIT ADVANTAGE, INC.1 year

Filed as: THE BENEFIT ADVANTAGE

Service code 13 · EIN 38-3254950

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Contract Administrator

$4,015

THE AVE MARIA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE AVE MARIA 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