Retirement plan

INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN OF AVISTA

Name: AVISTA CORPORATION - INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN OF AVISTA (2024) Form 5500
Creator: AVISTA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN OF AVISTA, AVISTA CORPORATION

AVISTA CORPORATIONEIN 91-0462470Plan #003PY 2024

1411 E MISSION AVENUE - SPOKANE, WA 992020001509-489-0500avistacorp.comLinkedIn1001-5000 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$614.3M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$843.5M

+12.3% from 2023

Total participants

2,707

+1.4% from 2023

Average account balance

$318,771

+10.9% from 2023

Annual return

14.07%

-1.81 pp from 2023

Benchmarks

See 70 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort70 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$843.47M

Not enough data

1 years with asset history on file

Average account balance

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

$319K

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.

2,646

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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 5 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD ADVISERS, INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$461,878
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$175,648
SAGEVIEW ADVISORY GROUP, LLC3 years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 27 · EIN 33-0818667	Advisory (Plan)	$72,877
MOSS ADAMS LLP2 years Service code 10 · EIN 61-2261527	Accounting	$64,325
SEYFARTH SHAW LLP5 years Filed as: SEYFARTH SHAW Service code 29 · EIN 36-2152202	Legal	$5,509

Plan features & details

Pension benefit codes2G2J2R2T3I

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$784K

$393 / participant

Investment mgmt$535K68.2%
Legal$6K0.7%
Contract admin$154K19.7%
Other / not subdivided$90K11.5%

% of EOY assets

0.093%

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: MOSS ADAMS LLP
Auditor EIN: 612261527
Audit fees: $64,325
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$318,771

$188,991+68.7%

$103,447+208.1%

$199,921+59.4%

Participation rate

96.9%

93.2%+3.8pp

80.5%+16.4pp

72.0%+24.9pp

Annual return

14.07%

15.75%-1.7pp

23.92%-9.8pp

34.28%-20.2pp

Employer contribution / active EE

$7,981

$6,583+21.2%

$4,678+70.6%

$3,035+162.9%

Participant deferral / active EE

$12,745

$10,334+23.3%

$6,624+92.4%

$5,089+150.5%

Admin fee / account holder

$296

$114+158.9%

$9,415-96.9%

$269+10.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD ADVISERS, INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$461,878

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$175,648

SAGEVIEW ADVISORY GROUP, LLC3 years

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 27 · EIN 33-0818667

Advisory (Plan)

$72,877

MOSS ADAMS LLP2 years

Service code 10 · EIN 61-2261527

Accounting

$64,325

SEYFARTH SHAW LLP5 years

Filed as: SEYFARTH SHAW

Service code 29 · EIN 36-2152202

Legal

$5,509

INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN OF AVISTA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN OF AVISTA

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