Retirement plan

AMERICAN VISION WINDOWS RETIREMENT PLAN

Name: AMERICAN VISION WINDOWS, INC. - AMERICAN VISION WINDOWS RETIREMENT PLAN (2022) Form 5500
Creator: AMERICAN VISION WINDOWS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN VISION WINDOWS RETIREMENT PLAN, AMERICAN VISION WINDOWS, INC.

AMERICAN VISION WINDOWS, INC.EIN 68-0448034Plan #001PY 2022

2125 NORTH MADERA ROAD, SUITE A - SIMI VALLEY, CA 93065805-582-1833americanvisionwindows.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$10.4M assets

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$3.5M

-8.0% from 2021

Total participants

260

+11.1% from 2021

Average account balance

$26,584

-22.5% from 2021

Annual return

-16.38%

-30.48 pp from 2021

Benchmarks

See 3,002 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,002 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.82M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

100

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.

44.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$480K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$581

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,835
NACHMAN, NORWOOD & PARROTT1 year Filed as: NACHMAN DBA PROFESSIONAL PLANNING Service code 27 100 E THOUSAND OAKS BLVD. SUITE 150 · THOUSAND OAKS, CA 913608117	Advisory (Plan)	$10,306
R-TECH CONSULTANTS, INC.8+ years Service code 13 21331 COSTANSO STREET · WOOODLAND HILLS, CA 91364	Contract Administrator	$9,525
MUTUAL ADVISORS LLC1 year Service code 27 PO BOX 2864 · CAMARILLO, CA 93011	Advisory (Plan)	$6,870
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$5,233

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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

3 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$46K

$212 / participant

Contract admin$46K100.0%

% of EOY assets

1.299%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WRIGHT FORD YOUNG & CO
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,584

$64,119-58.5%

$112,228-76.3%

$66,914-60.3%

Participation rate

41.5%

68.5%-27.0pp

75.1%-33.6pp

69.8%-28.3pp

Annual return

-16.38%

-13.81%-2.6pp

27.45%-43.8pp

1.58%-18.0pp

Employer contribution / active EE

$3,005-100.0%

$3,635-100.0%

$2,544-100.0%

Participant deferral / active EE

$2,041

$3,693-44.7%

$4,728-56.8%

$4,237-51.8%

Admin fee / account holder

$345

$625-44.8%

$6,410-94.6%

$593-41.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,835

NACHMAN, NORWOOD & PARROTT1 year

Filed as: NACHMAN DBA PROFESSIONAL PLANNING

Service code 27

100 E THOUSAND OAKS BLVD. SUITE 150 · THOUSAND OAKS, CA 913608117

Advisory (Plan)

$10,306

R-TECH CONSULTANTS, INC.8+ years

Service code 13

21331 COSTANSO STREET · WOOODLAND HILLS, CA 91364

Contract Administrator

$9,525

MUTUAL ADVISORS LLC1 year

Service code 27

PO BOX 2864 · CAMARILLO, CA 93011

Advisory (Plan)

$6,870

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$5,233

AMERICAN VISION WINDOWS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN VISION WINDOWS RETIREMENT 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