Plan Ledger DOL Form 5500 · updated monthly

Avion Solutions, Inc.401(k)

AVION SOLUTIONS, INC. 401(K) PLAN · HUNTSVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.24%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Avion Solutions, Inc. reported $113,117 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,307 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.27% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 116th-largest of 902 plans among Alabama employers on file, and the 2,296th of 11,654 in professional & technical services. In 2024, employees put in $3.47 for every $1.00 the employer contributed; active participation has grown from 230 to 265 since 2022.

Plan summary
Net assets, end of year$61,949,454
Participants with balances340
Active participants265
Employer contributions$876,398
Employee contributions$3,037,253
Employer contribution per active participant$3,307
Average account balance$182,204
Benefits paid to participants$7,518,467
Plan auditUnmodified (clean) audit opinion
AuditorANGLIN REICHMANN ARMSTRONG, PC
Plan history3
Yearassets · accounts · employer contribution
2024$61.9M · 340 accts · $876K emplr
2023$33.7M · 299 accts · $754K emplr
2022$30.2M · 307 accts · $746K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,117
Total administrative$113,117
The Avion Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$3,307
Median for plans this size$2,416
2024$3,307 per active participant
2023$3,249 per active participant
2022$3,245 per active participant

Avion Solutions, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$113,117
S B H U LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$113,117 · 0.24%
2023$84,587 · 0.26%
2022$87,572 · 0.27%
All plans at this employer2
AVION SOLUTIONS, INC. 401(K) PLAN401(k)
AVION SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 431596397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.