Retirement plan

ALLEGIANT POWER, LLC PROFIT SHARING / 401K PLAN

Name: ALLEGIANT POWER, LLC - ALLEGIANT POWER, LLC PROFIT SHARING / 401K PLAN (2024) Form 5500
Creator: ALLEGIANT POWER, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLEGIANT POWER, LLC PROFIT SHARING / 401K PLAN, ALLEGIANT POWER, LLC

ALLEGIANT POWER, LLCEIN 47-1183164Plan #001PY 2024

2180 IMMOKALEE ROAD, SUITE 205 - NAPLES, FL 34110901-674-0989allegiantpower.comLinkedIn1-10 employeesautomotive

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$761K

+3.4% from 2023

Total participants

-25.0% from 2023

Average account balance

$152,148

+44.7% from 2023

Annual return

9.92%

-4.91 pp from 2023

Benchmarks

See 23,845 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$761K

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+9.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26057

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$130K

$21714 / participant

Other / not subdivided$130K100.0%

% of EOY assets

17.126%

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

$152,148

$166,268-8.5%

$165,100-7.8%

$145,897+4.3%

Participation rate

83.3%

82.0%+1.3pp

78.6%+4.7pp

80.3%+3.0pp

Annual return

9.92%

100.52%-90.6pp

70.21%-60.3pp

552.29%-542.4pp

Employer contribution / active EE

$4,706

$5,284-10.9%

$4,348+8.2%

$4,663+0.9%

Participant deferral / active EE

$8,985

$6,964+29.0%

$6,035+48.9%

$6,689+34.3%

Admin fee / account holder

$26,057

$16,659+56.4%

$12,696+105.2%

$13,390+94.6%

ALLEGIANT POWER, LLC PROFIT SHARING / 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLEGIANT POWER, LLC PROFIT SHARING / 401K 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