Retirement plan

AVANTUS AEROSPACE, INC. 401(K) PLAN

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

AVANTUS AEROSPACE, INC.EIN 80-0795414Plan #001PY 2024

29101 THE OLD ROAD - SANTA CLARITA, CA 91355661-295-8620avantusaerospace.comLinkedIn501-1000 employeesaviation & aerospace

Prospect flagsHigh feesLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$14.1M

+11.6% from 2023

Total participants

543

+30.5% from 2023

Average account balance

$48,370

-7.2% from 2023

Annual return

14.77%

-4.98 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.08M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

291

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.

45.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

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

+14.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$324

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
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS INST. Service code 27 · EIN 04-2647786 245 SUMMER STREET · BOSTON, MA 02210	Advisory (Plan)	$68,766
ACTUARIAL BENEFITS CORP8+ years Service code 49 · EIN 20-1054428 2790 SKYPARK DRIVE · TORRANCE, CA 90505	Other Services	$21,661
STRATEGIC ADVISORS, INC.3 years Filed as: STRATEGIC ADVISORS Service code 27 · EIN 04-2654524	Advisory (Plan)	$3,884
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS INST. OPERATIO Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$94K

$203 / participant

Recordkeeping$21K22.6%
Investment mgmt$50K53.2%
Contract admin$1K1.3%
Other / not subdivided$22K23.0%

% of EOY assets

0.671%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 944345526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,370

$89,093-45.7%

$102,434-52.8%

$77,736-37.8%

Participation rate

45.9%

80.9%-35.0pp

76.5%-30.6pp

70.6%-24.7pp

Annual return

14.77%

25.03%-10.3pp

29.46%-14.7pp

31.26%-16.5pp

Employer contribution / active EE

$1,020

$2,699-62.2%

$3,023-66.3%

$2,728-62.6%

Participant deferral / active EE

$2,394

$5,147-53.5%

$5,055-52.6%

$4,651-48.5%

Admin fee / account holder

$324

$236+37.5%

$9,462-96.6%

$433-25.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS INST.

Service code 27 · EIN 04-2647786

245 SUMMER STREET · BOSTON, MA 02210

Advisory (Plan)

$68,766

ACTUARIAL BENEFITS CORP8+ years

Service code 49 · EIN 20-1054428

2790 SKYPARK DRIVE · TORRANCE, CA 90505

Other Services

$21,661

STRATEGIC ADVISORS, INC.3 years

Filed as: STRATEGIC ADVISORS

Service code 27 · EIN 04-2654524

Advisory (Plan)

$3,884

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS INST. OPERATIO

Service code 60

Sub-TA Fees

AVANTUS AEROSPACE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVANTUS AEROSPACE, INC. 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