Retirement plan

AVENUE CAPITAL GROUP AND AFFILIATES 401(K) PROFIT SHARING

Name: AVENUE CAPITAL MANAGEMENT II, LP - AVENUE CAPITAL GROUP AND AFFILIATES 401(K) PROFIT SHARING (2019) Form 5500
Creator: AVENUE CAPITAL MANAGEMENT II, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AVENUE CAPITAL GROUP AND AFFILIATES 401(K) PROFIT SHARING, AVENUE CAPITAL MANAGEMENT II, LP

AVENUE CAPITAL MANAGEMENT II, LPEIN 52-2258514Plan #001PY 2019

11 WEST 42ND ST., 9TH FLOOR - NEW YORK, NY 10036212-850-8498

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$26.7M

+28.9% from 2018

Total participants

195

+7.1% from 2018

Average account balance

$170,883

+21.5% from 2018

Annual return

26.84%

+33.22 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.27M

Not enough data

1 years with asset history on file

Average account balance

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

$229K

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.

163

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$616

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 4 by compensation

Provider	Service type	Compensation
FIRST REPUBLIC INVESTMENT MGMT1 year Filed as: FIRST REPUBLIC INVESTMENT MANAGEMEN Service code 15 · EIN 22-3623353	Recordkeeping	$30,618
ADP BROKER-DEALER5+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$21,245
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO Service code 15 · EIN 34-1542819	Recordkeeping	$11,488
ADP BROKER-DEALER5+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

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

$63K

$459 / participant

Other / not subdivided$63K100.0%

% of EOY assets

0.238%

all-in expense ratio

Categories reported

0 / 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: EISNERAMPER
Auditor EIN: 131639826
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,883

$98,982+72.6%

$162,185+5.4%

$65,186+162.1%

Participation rate

71.7%

85.8%-14.0pp

87.6%-15.8pp

70.2%+1.5pp

Annual return

26.84%

24.84%+2.0pp

115.61%-88.8pp

29.39%-2.5pp

Employer contribution / active EE

$3,467-100.0%

$5,613-100.0%

$2,177-100.0%

Participant deferral / active EE

$10,333

$5,384+91.9%

$7,297+41.6%

$3,514+194.0%

Admin fee / account holder

$406

$596-31.9%

$10,844-96.3%

$847-52.1%

Provider

Service type

Compensation

FIRST REPUBLIC INVESTMENT MGMT1 year

Filed as: FIRST REPUBLIC INVESTMENT MANAGEMEN

Service code 15 · EIN 22-3623353

Recordkeeping

$30,618

ADP BROKER-DEALER5+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$21,245

WELLS FARGO BANK, N.A.5+ years

Filed as: WELLS FARGO

Service code 15 · EIN 34-1542819

Recordkeeping

$11,488

ADP BROKER-DEALER5+ years

Service code 49 · EIN 22-3319984

Other Services

AVENUE CAPITAL GROUP AND AFFILIATES 401(K) PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVENUE CAPITAL GROUP AND AFFILIATES 401(K) PROFIT SHARING

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