Plan Snapshot
- Plan Sponsor: Avionte, LLC
- Sponsor EIN: 161764624
- Sponsor Address: 4300 MARKETPOINTE DRIVE, SUITE 250, BLOOMINGTON, MN, 55435
- Plan Type: 401(k)
- Total Participants: 298
- Total Assets: $17.6M
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 | 298 | $17.6M | $571,025 | $2.4M |
| 2023 | 286 | $13.5M | $569,156 | $2.2M |
| 2022 | 260 | $9.7M | $448,709 | $1.7M |
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 |
|---|---|---|---|---|
| WOODBURY FINANCIAL SERVICES INC | Other Service Provider | — | $21,821 | $21,821 |
| MORNINGSTAR | Investment Advisor | — | $7,995 | $7,995 |
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | — | $7,995 | $7,995 |
| ASCENSUS C/O FUTUREPLAN | Recordkeeper | — | $7,404 | $7,404 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,215
- Estimated Expense Ratio: 0.258% 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 | $11,630 | — | $10,630 | — | — |
| 2023 | $7,960 | — | $7,960 | — | — |
| 2022 | $9,595 | — | $9,595 | — | — |