Retirement plan

AXIS RESIDENTIAL RETIREMENT PLAN

Name: AXIS RESIDENTIAL, LLC - AXIS RESIDENTIAL RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$641K

+114.1% from 2021

Total participants

172

+42.1% from 2021

Average account balance

$4,418

+78.7% from 2021

Annual return

-22.46%

-22.46 pp from 2021

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2022

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.1 year Filed as: THE VANGUARD GROUP Service code 15 · EIN 23-1945930 PO BOX 2600 · VALLEY FORGE, PA 194822600	Recordkeeping	$2,040
POWERS STROMBERG PENSION CONSULTING1 year Service code 14 · EIN 26-3148951 111 N POST STREET · SPOKANE, WA 99201	Plan Administrator	$1,950
LPL FINANCIAL1 year Filed as: LPL FINANCIAL - RPCP Service code 27 · EIN 95-2834236 1055 LPL WAY · FORT MILL, SC 29715	Advisory (Plan)	$976

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$15 / participant

Contract admin$2K100.0%

% of EOY assets

0.283%

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

$4,418

$59,105-92.5%

$160,009-97.2%

$66,938-93.4%

Participation rate

77.9%

68.1%+9.8pp

78.0%-0.1pp

69.8%+8.1pp

Annual return

-22.46%

-12.26%-10.2pp

408.85%-431.3pp

1.58%-24.0pp

Employer contribution / active EE

$1,886

$1,983-4.9%

$4,225-55.4%

$2,545-25.9%

Participant deferral / active EE

$2,141

$4,395-51.3%

$6,183-65.4%

$4,238-49.5%

Admin fee / account holder

$13

$591-97.9%

$8,715-99.9%

$594-97.9%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP

Service code 15 · EIN 23-1945930

PO BOX 2600 · VALLEY FORGE, PA 194822600

Recordkeeping

$2,040

POWERS STROMBERG PENSION CONSULTING1 year

Service code 14 · EIN 26-3148951

111 N POST STREET · SPOKANE, WA 99201

Plan Administrator

$1,950

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL - RPCP

Service code 27 · EIN 95-2834236

1055 LPL WAY · FORT MILL, SC 29715

Advisory (Plan)

$976

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