Retirement plan

AFINITI 401(K) PLAN

Name: AFINITI INC. - AFINITI 401(K) PLAN (2024) Form 5500
Creator: AFINITI INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFINITI 401(K) PLAN, AFINITI INC.

AFINITI INC.EIN 55-0872266Plan #001PY 2024

1701 PENNSYLVANIA AVENUE NW, SUITE 600 - WASHINGTON, DC 20006202-580-6681

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$19.5M

+31.3% from 2023

Total participants

332

+5.1% from 2023

Average account balance

$74,311

+20.2% from 2023

Annual return

16.44%

-4.86 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.47M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

262

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.

67.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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 7 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH PIERCE FENNER Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$26,089
APRO LLP1 year Service code 99 PO BOX 117310 · ATLANTA, GA 30368	Other Fees	$11,720
THE RETIREMENT ADVANTAGE INC2 years Filed as: THE RETIREMENT ADVANTAGE IN Service code 13	Contract Administrator	$5,815
PRIME BENEFITS, INC.1 year Service code 13	Contract Administrator	$2,334
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,686
PRIME BENEFITS, INC.1 year Filed as: PRIME BENEFITS INC Service code 13 3314 PAPERMILL RD STE 201 · PHOENIX, MD 21131	Contract Administrator	$1,646
THE RETIREMENT ADVANTAGE INC3 years Service code 13 101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074	Contract Administrator	$1,629

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$97K

$458 / participant

Other / not subdivided$97K100.0%

% of EOY assets

0.501%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOZIK & COMPANY, P. L. C.
Auditor EIN: 541963607
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,311

$101,653-26.9%

$147,080-49.5%

$74,459-0.2%

Participation rate

67.1%

75.6%-8.4pp

82.2%-15.0pp

67.2%-0.1pp

Annual return

16.44%

8754.98%-8738.5pp

420.17%-403.7pp

1369.70%-1353.3pp

Employer contribution / active EE

$5,045

$3,813+32.3%

$4,933+2.3%

$2,626+92.1%

Participant deferral / active EE

$12,103

$7,304+65.7%

$8,066+50.0%

$4,350+178.3%

Admin fee / account holder

$372

$1,752-78.8%

$12,989-97.1%

$1,945-80.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH PIERCE FENNER

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$26,089

APRO LLP1 year

Service code 99

PO BOX 117310 · ATLANTA, GA 30368

Other Fees

$11,720

THE RETIREMENT ADVANTAGE INC2 years

Filed as: THE RETIREMENT ADVANTAGE IN

Service code 13

Contract Administrator

$5,815

PRIME BENEFITS, INC.1 year

Service code 13

Contract Administrator

$2,334

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,686

PRIME BENEFITS, INC.1 year

Filed as: PRIME BENEFITS INC

Service code 13

3314 PAPERMILL RD STE 201 · PHOENIX, MD 21131

Contract Administrator

$1,646

THE RETIREMENT ADVANTAGE INC3 years

Service code 13

101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074

Contract Administrator

$1,629

AFINITI 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFINITI 401(K) 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