Plan Snapshot
- Plan Sponsor: Avi Systems, INC.
- Sponsor EIN: 450321251
- Sponsor Address: 8019 BOND ST, LENEXA, KS, 66214
- Plan Type: 401(k)
- Total Participants: 1,191
- Total Assets: $399.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,191 | $399.5M | $10.0M | $9.6M |
| 2023 | 1,013 | $324.6M | $9.2M | $8.0M |
| 2022 | 828 | $251.8M | $6.6M | $6.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | Investment Advisor | $243,847 | — | $243,847 |
| FORVIS, LLP | Auditor | $27,615 | — | $27,615 |
| INTELLICENTS INVESTMENT SOLUTIONS | Investment Advisor | $20,000 | — | $20,000 |
| SUMMIT FIDUCIARY GROUP, LLC | Other Service Provider | $8,000 | — | $8,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — Investment Advisor
- FORVIS, LLP — Auditor
- INTELLICENTS INVESTMENT SOLUTIONS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $299,462
- Estimated Expense Ratio: 0.075% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $299,462 | $20,000 | — | — | — |
| 2023 | $2,134,603 | $151,375 | — | — | — |
| 2022 | $236,135 | — | — | — | — |