Plan Snapshot
- Plan Sponsor: Avion Solutions, INC.
- Sponsor EIN: 431596397
- Sponsor Address: 4905 RESEARCH DRIVE NW, HUNTSVILLE, AL, 358055905
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $61.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 265 | $61.9M | $876,398 | $3.0M |
| 2023 | 232 | $33.7M | $753,659 | $2.6M |
| 2022 | 230 | $30.2M | $746,393 | $2.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $113,117 | — | $113,117 |
| S B H U LIFE AGENCY INC | Investment Advisor | — | $34,105 | $34,105 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- S B H U LIFE AGENCY INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,222
- Estimated Expense Ratio: 0.238% 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 | $113,117 | — | $113,117 | — | — |
| 2023 | $84,587 | — | $84,587 | — | — |
| 2022 | $87,572 | — | $87,572 | — | — |