Retirement plan

AVALON FREIGHT SERVICES 401(K) PLAN AND TRUST

Name: AVALON FREIGHT SERVICES - AVALON FREIGHT SERVICES 401(K) PLAN AND TRUST (2024) Form 5500
Creator: AVALON FREIGHT SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AVALON FREIGHT SERVICES 401(K) PLAN AND TRUST, AVALON FREIGHT SERVICES

AVALON FREIGHT SERVICESEIN 46-5154084Plan #001PY 2024

385 SWINFORD ST. - SAN PEDRO, CA 90731310-221-6290LinkedIn11-50 employeesmaritime

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+6.6% from 2023

Total participants

+7.1% from 2023

Average account balance

$57,287

+2.5% from 2023

Annual return

11.37%

-2.74 pp from 2023

Benchmarks

See 4,589 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,589 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.49M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$244K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12627

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

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

$328K

$12159 / participant

Other / not subdivided$328K100.0%

% of EOY assets

22.041%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,287

$55,889+2.5%

$76,119-24.7%

$80,935-29.2%

Participation rate

85.2%

62.1%+23.1pp

69.1%+16.1pp

67.7%+17.5pp

Annual return

11.37%

20.58%-9.2pp

361.25%-349.9pp

35.66%-24.3pp

Employer contribution / active EE

$2,235

$1,866+19.8%

$2,693-17.0%

$2,757-18.9%

Participant deferral / active EE

$6,784

$3,051+122.3%

$4,259+59.3%

$4,299+57.8%

Admin fee / account holder

$12,627

$5,241+140.9%

$6,421+96.6%

$6,924+82.4%

AVALON FREIGHT SERVICES 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVALON FREIGHT SERVICES 401(K) PLAN AND 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