Retirement plan

AXIS RESIDENTIAL RETIREMENT PLAN

Name: AXIS RESIDENTIAL, LLC - AXIS RESIDENTIAL RETIREMENT PLAN (2024) Form 5500
Creator: AXIS RESIDENTIAL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXIS RESIDENTIAL RETIREMENT PLAN, AXIS RESIDENTIAL, LLC

AXIS RESIDENTIAL, LLCEIN 86-2048471Plan #001PY 2024

120 W. CATALDO AVENUE, SUITE 100 - SPOKANE, WA 992013211509-891-5162axisresidential.comLinkedIn51-200 employeesgovernment administration

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.1M

+41.4% from 2023

Total participants

235

+15.2% from 2023

Average account balance

$8,983

+22.5% from 2023

Annual return

14.19%

-49.57 pp from 2023

Benchmarks

See 1,090 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,090 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.09M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

233

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$888K

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

+14.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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
POWERS STROMBERG PENSION CONSULTING3 years Service code 14 · EIN 26-3148951 111 N POST STREET · SPOKANE, WA 99201	Plan Administrator	$9,586
THE VANGUARD GROUP, INC.3 years Filed as: THE VANGUARD GROUP Service code 15 · EIN 23-1945930 PO BOX 2600 · VALLEY FORGE, PA 194822600	Recordkeeping	$5,755
SOUND SHORE1 year Filed as: SOUND CONSULTING SERVICE Service code 17 · EIN 71-1004774 1750 112TH AVE NE · BELLEVUE, WA 98004	Pension Consulting	$4,246

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.

Opportunity flags

2 tripped

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

$4K

$26 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.203%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,983

$73,532-87.8%

$178,505-95.0%

$74,478-87.9%

Participation rate

98.8%

66.6%+32.2pp

77.1%+21.7pp

67.2%+31.6pp

Annual return

14.19%

17.49%-3.3pp

27.16%-13.0pp

1370.56%-1356.4pp

Employer contribution / active EE

$2,448

$2,221+10.3%

$3,955-38.1%

$2,626-6.8%

Participant deferral / active EE

$2,964

$4,519-34.4%

$6,280-52.8%

$4,350-31.9%

Admin fee / account holder

$18

$1,813-99.0%

$10,428-99.8%

$1,946-99.1%

Provider

Service type

Compensation

POWERS STROMBERG PENSION CONSULTING3 years

Service code 14 · EIN 26-3148951

111 N POST STREET · SPOKANE, WA 99201

Plan Administrator

$9,586

THE VANGUARD GROUP, INC.3 years

Filed as: THE VANGUARD GROUP

Service code 15 · EIN 23-1945930

PO BOX 2600 · VALLEY FORGE, PA 194822600

Recordkeeping

$5,755

SOUND SHORE1 year

Filed as: SOUND CONSULTING SERVICE

Service code 17 · EIN 71-1004774

1750 112TH AVE NE · BELLEVUE, WA 98004

Pension Consulting

$4,246

AXIS RESIDENTIAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXIS RESIDENTIAL 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