Ave-Plp, LLC 401(k) Review & Grade
Ave-Plp, LLC 401(k) Plan
Pacific Junction, IAAgriculture, Forestry, Fishing & Hunting1,014 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,849Employer $ per active participant
$6,040Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$93.6MNet plan assets, end of year
$90,688Average balance per account
Score breakdown
- Employer generosity41.0 / 5082th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 15th |
| Employee saving | 90th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ave-Plp put in about $2,849 per active participant, more than the typical peer ($774). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.65% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,887,279 |
| Participant (employee) contributions | $6,121,337 |
| Other contributions (incl. rollovers in) | $231,121 |
| Administrative expenses paid from the plan | $573,687 |
| Investment advisory & management fees | $68,629 |
| Other admin expenses | $1,425 |
| Benefits paid out | $9,929,103 |
| Net assets, start / end of year | $84.1M / $93.6M |
| Active participants, start / end of year | 1,037 / 990 |
| Participants with account balances | 1,032 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Equipment Dealer Consulting, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $482,078 reported compensation |
| Prime Capital Investment Advisors | $68,629 reported compensation |
| Equipment Dealer Consulting LLC | $21,555 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141653NAL0001528499001, received 2025-10-14, EIN 20-4936311, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.