Plan Ledger DOL Form 5500 · updated monthly

Avionte, LLC401(k)

AVIONTE, LLC 401(K) PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Avionte, LLC reported $11,630 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,916 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 0.10% to 0.07%. 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 among the smaller plans on file in Minnesota (978th of 1,918), and 6,008th of 11,654 in professional & technical services. In 2024, employees put in $4.28 for every $1.00 the employer contributed; active participation has grown from 260 to 298 since 2022.

Plan summary
Net assets, end of year$17,555,144
Participants with balances483
Active participants298
Employer contributions$571,025
Employee contributions$2,443,190
Employer contribution per active participant$1,916
Average account balance$36,346
Benefits paid to participants$1,394,127
Plan auditUnmodified (clean) audit opinion
AuditorABDO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.6M · 483 accts · $571K emplr
2023$13.5M · 457 accts · $569K emplr
2022$9.6M · 375 accts · $449K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,630
Total administrative$11,630
The Avionte, LLC 401(k) match · 2024
Employer contribution per active participant$1,916
Median for plans this size$2,416
2024$1,916 per active participant
2023$1,990 per active participant
2022$1,726 per active participant

Avionte, LLC's 2024 employer contribution ran below 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 · 20244
WOODBURY FINANCIAL SERVICES INCindirect comp
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)indirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp
ASCENSUS C/O FUTUREPLAN · Other servicesindirect 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$11,630 · 0.07%
2023$7,960 · 0.07%
2022$9,595 · 0.10%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Total Expert, Inc. MN$18.0M · 0.83%
Wenck Enterprises, Inc. MN$17.9M · 0.78%
Siteimprove, Inc. MN$17.8M · 0.53%
Exb Solutions, Inc. MN$16.9M · 0.07%
Knock, Inc. MN$16.7M · 0.34%
Inergex, LLC dba Crossfuze MN$16.7M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161764624 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.