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 (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.7M

+7.9% from 2022

Total participants

189

-4.1% from 2022

Average account balance

$196,914

+7.9% from 2022

Annual return

16.70%

+32.66 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
FIRST REPUBLIC INVESTMENT MGMT5 years Filed as: FIRST REPUBLIC INVESTMENT MANAGEMEN Service code 15 · EIN 22-3623353	Recordkeeping	$74,524
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$32,444
ADP BROKER-DEALER9+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$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

$107K

$823 / participant

Recordkeeping$32K30.3%
Investment mgmt$75K69.7%

% of EOY assets

0.337%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$196,914

$130,294+51.1%

$170,043+15.8%

$71,511+175.4%

Participation rate

78.5%

86.2%-7.7pp

87.0%-8.5pp

67.9%+10.5pp

Annual return

16.70%

20.36%-3.7pp

53.40%-36.7pp

28.86%-12.2pp

Employer contribution / active EE

$4,385-100.0%

$6,790-100.0%

$2,589-100.0%

Participant deferral / active EE

$15,435

$6,928+122.8%

$10,410+48.3%

$4,291+259.7%

Admin fee / account holder

$664

$966-31.2%

$12,824-94.8%

$1,588-58.2%

Provider

Service type

Compensation

FIRST REPUBLIC INVESTMENT MGMT5 years

Filed as: FIRST REPUBLIC INVESTMENT MANAGEMEN

Service code 15 · EIN 22-3623353

Recordkeeping

$74,524

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$32,444

ADP BROKER-DEALER9+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

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