Retirement plan

AVIATION AND MISSILE SOLUTIONS 401(K) PLAN

Name: AVIATION AND MISSILE SOLUTIONS, LLC - AVIATION AND MISSILE SOLUTIONS 401(K) PLAN (2023) Form 5500
Creator: AVIATION AND MISSILE SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AVIATION AND MISSILE SOLUTIONS 401(K) PLAN, AVIATION AND MISSILE SOLUTIONS, LLC

AVIATION AND MISSILE SOLUTIONS, LLCEIN 63-1228635Plan #001PY 2023

620 DISCOVERY DRIVE NW - HUNTSVILLE, AL 35806256-652-2352ams3sx.comLinkedIn201-500 employeesdefense & space

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$10.6M

+130.4% from 2022

Total participants

209

+34.8% from 2022

Average account balance

$50,705

+57.7% from 2022

Annual return

58.66%

+58.66 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.66M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

301

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.08M

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

+159.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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
KEEL POINT CAPITAL LLC1 year Service code 26 · EIN 42-1607342	Advisory (Participants)	$16,977
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$1,483
CHARLES SCHWAB & CO., INC.1 year Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$119 / participant

Recordkeeping$2K7.8%
Trustee / custodial$1K6.7%
Investment mgmt$17K76.6%
Contract admin$2K8.9%

% of EOY assets

0.209%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,705

$76,696-33.9%

$96,515-47.5%

$71,511-29.1%

Participation rate

100.0%

66.6%+33.4pp

74.3%+25.7pp

67.9%+32.1pp

Annual return

58.66%

48.32%+10.3pp

35.73%+22.9pp

28.86%+29.8pp

Employer contribution / active EE

$10,823

$3,032+257.0%

$3,740+189.4%

$2,589+318.0%

Participant deferral / active EE

$7,693

$3,770+104.0%

$4,880+57.6%

$4,291+79.3%

Admin fee / account holder

$106

$2,030-94.8%

$6,735-98.4%

$1,588-93.3%

Provider

Service type

Compensation

KEEL POINT CAPITAL LLC1 year

Service code 26 · EIN 42-1607342

Advisory (Participants)

$16,977

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$1,483

CHARLES SCHWAB & CO., INC.1 year

Service code 19

Securities Custodian

AVIATION AND MISSILE SOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVIATION AND MISSILE SOLUTIONS 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