Retirement plan

AMVC 401(K) PROFIT SHARING PLAN

Name: AMVC EMPLOYEE SERVICES, LLC - AMVC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: AMVC EMPLOYEE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMVC 401(K) PROFIT SHARING PLAN, AMVC EMPLOYEE SERVICES, LLC

AMVC EMPLOYEE SERVICES, LLCEIN 91-2104777Plan #001PY 2024

508 MARKET STREET - AUDUBON, IA 50025712-563-2080LinkedIn201-500 employeesresearch

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$27.9M

+21.0% from 2023

Total participants

940

+3.5% from 2023

Average account balance

$52,324

+13.7% from 2023

Annual return

17.45%

-3.69 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.89M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

533

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.

52.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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 8 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$82,048
EDWARD JONES3 years Service code 27	Advisory (Plan)	$41,983
QUALIFIED PLANS, LLC7 years Filed as: QUALIFIED PLAN CONSULTANTS Service code 49 · EIN 20-0223513	Other Services	$12,561
EDWARD JONES8 years Filed as: EDWARD D. JONES & CO., L.P. Service code 27 · EIN 43-0345811	Advisory (Plan)	$0
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26	Advisory (Participants)	$0
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS, LLC Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.

Expense breakdown

Schedule H Part II

Admin total

$82K

$95 / participant

Contract admin$82K100.0%

% of EOY assets

0.294%

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: UHY
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,324

$106,230-50.7%

$147,080-64.4%

$77,736-32.7%

Participation rate

52.8%

78.4%-25.6pp

82.2%-29.4pp

70.6%-17.8pp

Annual return

17.45%

56.91%-39.5pp

420.17%-402.7pp

31.26%-13.8pp

Employer contribution / active EE

$853

$4,072-79.1%

$4,933-82.7%

$2,728-68.7%

Participant deferral / active EE

$2,401

$8,001-70.0%

$8,066-70.2%

$4,651-48.4%

Admin fee / account holder

$154

$338-54.5%

$12,989-98.8%

$433-64.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$82,048

EDWARD JONES3 years

Service code 27

Advisory (Plan)

$41,983

QUALIFIED PLANS, LLC7 years

Filed as: QUALIFIED PLAN CONSULTANTS

Service code 49 · EIN 20-0223513

Other Services

$12,561

EDWARD JONES8 years

Filed as: EDWARD D. JONES & CO., L.P.

Service code 27 · EIN 43-0345811

Advisory (Plan)

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26

Advisory (Participants)

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS, LLC

Service code 27

Advisory (Plan)

AMVC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMVC 401(K) PROFIT SHARING 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