Retirement plan

ADVO(K)ATE ADVISORS, LLC 401(K) PROFIT SHARING PLA

Name: ADVO(K)ATE ADVISORS, LLC - ADVO(K)ATE ADVISORS, LLC 401(K) PROFIT SHARING PLA (2022) Form 5500
Creator: ADVO(K)ATE ADVISORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVO(K)ATE ADVISORS, LLC 401(K) PROFIT SHARING PLA, ADVO(K)ATE ADVISORS, LLC

ADVO(K)ATE ADVISORS, LLCEIN 88-2371084Plan #001PY 2022

6801 CAHABA VALLEY ROAD, SUITE 206 - BIRMINGHAM, AL 352229609659-238-0010advokateadvisors.comLinkedIn1-10 employeesfinancial services

Prospect flagsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$540K

No prior year

Total participants

No prior year

Average account balance

$60,033

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 35,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,209 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.99M

Not enough data

1 years with asset history on file

Average account balance

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

$332K

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.

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$256K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+24.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1303

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2O2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,033

$167,522-64.2%

$151,639-60.4%

$134,532-55.4%

Participation rate

90.0%

88.4%+1.6pp

87.5%+2.5pp

81.2%+8.8pp

Annual return

0.00%

7.81%-7.8pp

3.34%-3.3pp

418.27%-418.3pp

Employer contribution / active EE

$1,353

$6,828-80.2%

$6,165-78.1%

$4,741-71.5%

Participant deferral / active EE

$2,369

$8,986-73.6%

$8,363-71.7%

$6,401-63.0%

Admin fee / account holder

$13,780-100.0%

$11,613-100.0%

$11,429-100.0%

ADVO(K)ATE ADVISORS, LLC 401(K) PROFIT SHARING PLA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ADVO(K)ATE ADVISORS, LLC 401(K) PROFIT SHARING PLA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion