Retirement plan

AVESTA HOMES, LLC 401(K) PLAN & TRUST

Name: AVESTA HOMES, LLC - AVESTA HOMES, LLC 401(K) PLAN & TRUST (2022) Form 5500
Creator: AVESTA HOMES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AVESTA HOMES, LLC 401(K) PLAN & TRUST, AVESTA HOMES, LLC

AVESTA HOMES, LLCEIN 45-2015136Plan #001PY 2022

1101 W. 34TH STREET #323 - AUSTIN, TX 78750813-444-1500

Prospect flagsHigh feesHigh cashLow participationLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.6M

-13.5% from 2021

Total participants

303

+68.3% from 2021

Average account balance

$28,007

+0.5% from 2021

Annual return

-16.62%

-21.59 pp from 2021

Benchmarks

See 1,393 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,393 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.05M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

297

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.

76.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

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

+13.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2502

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

0 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
WELLINGTON TRUST COMPANY8+ years Filed as: WELLINGTON FINANCIAL GROUP Service code 26 · EIN 54-1620949 14325 WILLARD ROAD · CHANTILLY, VA 20151	Advisory (Participants)	$29,691
CHARLES SCHWAB & CO., INC.8+ years Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.8+ years Filed as: CHARLES SCHWAB AND COMPANY Service code 33 · EIN 94-1737782	Securities brokerage	$0
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 33 · EIN 82-3967259	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$30K

$118 / participant

Other / not subdivided$30K100.0%

% of EOY assets

1.140%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHN REZNICK
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,007

$106,236-73.6%

$112,263-75.1%

$64,824-56.8%

Participation rate

16.3%

71.7%-55.3pp

75.1%-58.7pp

71.5%-55.1pp

Annual return

-16.62%

-6.02%-10.6pp

27.49%-44.1pp

32.84%-49.5pp

Employer contribution / active EE

$465

$3,167-85.3%

$3,636-87.2%

$2,507-81.4%

Participant deferral / active EE

$1,248

$3,786-67.0%

$4,729-73.6%

$4,311-71.0%

Admin fee / account holder

$319

$452-29.3%

$6,410-95.0%

$188+70.0%

Provider

Service type

Compensation

WELLINGTON TRUST COMPANY8+ years

Filed as: WELLINGTON FINANCIAL GROUP

Service code 26 · EIN 54-1620949

14325 WILLARD ROAD · CHANTILLY, VA 20151

Advisory (Participants)

$29,691

CHARLES SCHWAB & CO., INC.8+ years

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.8+ years

Filed as: CHARLES SCHWAB AND COMPANY

Service code 33 · EIN 94-1737782

Securities brokerage

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 33 · EIN 82-3967259

Securities brokerage

AVESTA HOMES, LLC 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVESTA HOMES, LLC 401(K) PLAN & TRUST

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