Avi Systems, Inc. 401(k) Review & Grade
Avi Systems, Inc. Employee Stock Ownership Plan
Lenexa, KSManufacturing1,102 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,039Employer $ per active participant
$8,718Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$350.2MNet plan assets, end of year
$192,523Average balance per account
Score breakdown
- Employer generosity47.6 / 5095th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1584th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 75th |
| Employee saving | 84th |
| Peers that auto-enroll | 59% |
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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
- Avi Systems put in about $9,039 per active participant, more than the typical peer ($2,320). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $9,960,627 |
| Participant (employee) contributions | $9,607,364 |
| Other contributions (incl. rollovers in) | $2,435,902 |
| Administrative expenses paid from the plan | $299,462 |
| Investment advisory & management fees | $20,000 |
| Other admin expenses | $50 |
| Benefits paid out | $19,302,082 |
| Net assets, start / end of year | $280.0M / $350.2M |
| Active participants, start / end of year | 1,013 / 1,191 |
| Participants with account balances | 1,819 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
| Employer stock held by plan | $285,520,950 |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $243,847 reported compensation |
| Forvis, LLP | $27,615 reported compensation |
| Intellicents Investment Solutions | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731151227NAL0003189571001, received 2025-07-31, EIN 45-0321251, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.