Retirement plan

AVMA LIFE TRUST, LLC 401(K) PLAN

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

AVMA LIFE TRUST, LLCEIN 84-2685033Plan #333PY 2024

1931 N. MEACHAM RD. STE 103 - SCHAUMBURG, IL 60173847-649-6114

Prospect flagsLow participationLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$74.7M

+41.9% from 2023

Total participants

3,833

+5.3% from 2023

Average account balance

$35,862

+22.4% from 2023

Annual return

16.39%

-3.68 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$74.70M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

2,083

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.

49.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$292

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 10 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399	Recordkeeping	$335,911
ADMIN. GROUP, LLC DBA TAG RESOURCES3 years Service code 15 · EIN 42-1484983	Recordkeeping	$200,170
TEMPLETON & COMPANY LLP2 years Filed as: TEMPLETON & COMPANY Service code 10 · EIN 14-1918990	Accounting	$34,500
ENVESTNET RETIREMENT SOLUTIONS, LLC4+ years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$24,958
IPI WEALTH MANAGEMENT INC3 years Service code 27 · EIN 37-1202099	Advisory (Plan)	$5,919
PROPARTNERS WEALTH LLC3 years Service code 27 · EIN 82-4891284	Advisory (Plan)	$5,652
EMPLOYEE FINANCIAL EDUCATION LLC1 year Service code 17 · EIN 84-5060655	Pension Consulting	$1,320
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0947998	Bank Trustee	$208
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 04-3046611	Advisory (Plan)	$191
AVMA LIFE TRUST LLC1 year Service code 35 · EIN 84-2685033	Employee (plan sponsor)	$40

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$609K

$177 / participant

Recordkeeping$536K88.0%
Trustee / custodial$2080.0%
Investment mgmt$37K6.0%
Other / not subdivided$36K5.9%

% of EOY assets

0.815%

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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: $34,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,862

$122,128-70.6%

$147,117-75.6%

$200,096-82.1%

Participation rate

49.1%

78.2%-29.1pp

82.2%-33.1pp

72.0%-22.9pp

Annual return

16.39%

30.58%-14.2pp

420.54%-404.1pp

34.26%-17.9pp

Employer contribution / active EE

$1,608

$4,093-60.7%

$4,932-67.4%

$3,038-47.1%

Participant deferral / active EE

$3,350

$8,484-60.5%

$8,065-58.5%

$5,090-34.2%

Admin fee / account holder

$292

$180+62.8%

$12,993-97.8%

$269+8.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INS

Service code 15 · EIN 36-6071399

Recordkeeping

$335,911

ADMIN. GROUP, LLC DBA TAG RESOURCES3 years

Service code 15 · EIN 42-1484983

Recordkeeping

$200,170

TEMPLETON & COMPANY LLP2 years

Filed as: TEMPLETON & COMPANY

Service code 10 · EIN 14-1918990

Accounting

$34,500

ENVESTNET RETIREMENT SOLUTIONS, LLC4+ years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

$24,958

IPI WEALTH MANAGEMENT INC3 years

Service code 27 · EIN 37-1202099

Advisory (Plan)

$5,919

PROPARTNERS WEALTH LLC3 years

Service code 27 · EIN 82-4891284

Advisory (Plan)

$5,652

EMPLOYEE FINANCIAL EDUCATION LLC1 year

Service code 17 · EIN 84-5060655

Pension Consulting

$1,320

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0947998

Bank Trustee

$208

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORPORATION

Service code 27 · EIN 04-3046611

Advisory (Plan)

$191

AVMA LIFE TRUST LLC1 year

Service code 35 · EIN 84-2685033

Employee (plan sponsor)

$40

AVMA LIFE TRUST, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AVMA LIFE TRUST, LLC 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