Retirement plan

ABSOLUT RETIREMENT SAVINGS PLAN

Name: AVANTE CARE MANAGEMENT LLC - ABSOLUT RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: AVANTE CARE MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABSOLUT RETIREMENT SAVINGS PLAN, AVANTE CARE MANAGEMENT LLC

AVANTE CARE MANAGEMENT LLCEIN 47-1678841Plan #001PY 2024

225 WARNER AVENUE - ROSLYN HEIGHTS, NY 11577516-621-5400

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.3M

+4.4% from 2023

Total participants

1,011

+9.3% from 2023

Average account balance

$14,786

+7.2% from 2023

Annual return

11.13%

-1.24 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.32M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

698

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.

60.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$752K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$945

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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 6 by compensation

Provider	Service type	Compensation
PENSIONS PLUS, INC.5+ years Filed as: G&C PENSIONS, LLC Service code 15 · EIN 16-1613026 616 NORTH FRENCH ROAD · AMHERST, NY 14228	Recordkeeping	$60,658
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA INVESTMENT ADVISERS LLC Service code 31 · EIN 36-3258176 2301 ROSENCRANS AVENUE · EL SEGUNDO, CA 90245	Named fiduciary	$55,657
NORTH AMERICAN KTRADE ALLIANCE, LLC5+ years Service code 64 · EIN 32-0169227 1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563	Recordkeeping Fees	$49,874
KESTRA INVESTMENT SERVICES LLC4 years Filed as: KESTRA ADVISORY SERVICES, LLC Service code 28 · EIN 74-2794194 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Investment Management	$22,318
TPS GROUP 3(16) SERVICES, LLC5+ years Service code 31 · EIN 82-3348747 616 NORTH FRENCH ROAD · AMHERST, NY 14228	Named fiduciary	$10,181
EFPR GROUP, CPAS, PLLC3 years Filed as: EFPR GROUP CPAS Service code 10 6390 MAIN ST · WILLIAMSVILLE, NY 14221	Accounting	$7,600

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T2X3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$175K

$220 / participant

Trustee / custodial$45K25.7%
Investment mgmt$45K25.5%
Contract admin$43K24.3%
Other / not subdivided$43K24.6%

% of EOY assets

1.699%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EFPR GROUP, CPAS, PLLC
Auditor EIN: 474526160
Audit fees: $5,927
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,786

$50,902-71.0%

$155,534-90.5%

$77,736-81.0%

Participation rate

60.7%

63.1%-2.4pp

78.2%-17.5pp

70.6%-9.9pp

Annual return

11.13%

34.85%-23.7pp

64.92%-53.8pp

31.26%-20.1pp

Employer contribution / active EE

$77

$1,991-96.1%

$4,675-98.4%

$2,728-97.2%

Participant deferral / active EE

$869

$2,824-69.2%

$5,630-84.6%

$4,651-81.3%

Admin fee / account holder

$251

$437-42.5%

$15,900-98.4%

$433-42.0%

Provider

Service type

Compensation

PENSIONS PLUS, INC.5+ years

Filed as: G&C PENSIONS, LLC

Service code 15 · EIN 16-1613026

616 NORTH FRENCH ROAD · AMHERST, NY 14228

Recordkeeping

$60,658

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA INVESTMENT ADVISERS LLC

Service code 31 · EIN 36-3258176

2301 ROSENCRANS AVENUE · EL SEGUNDO, CA 90245

Named fiduciary

$55,657

NORTH AMERICAN KTRADE ALLIANCE, LLC5+ years

Service code 64 · EIN 32-0169227

1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563

Recordkeeping Fees

$49,874

KESTRA INVESTMENT SERVICES LLC4 years

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 28 · EIN 74-2794194

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Investment Management

$22,318

TPS GROUP 3(16) SERVICES, LLC5+ years

Service code 31 · EIN 82-3348747

616 NORTH FRENCH ROAD · AMHERST, NY 14228

Named fiduciary

$10,181

EFPR GROUP, CPAS, PLLC3 years

Filed as: EFPR GROUP CPAS

Service code 10

6390 MAIN ST · WILLIAMSVILLE, NY 14221

Accounting

$7,600

ABSOLUT RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABSOLUT RETIREMENT SAVINGS 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