Avantic Lodging Enterprises Inc. 401(k) Review & Grade
Avantic Lodging Enterprises Inc. 401(k) Plan
Wichita, KSAccommodation & Food Services518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$213Employer $ per active participant
$638Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$3.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.9 / 5044th percentile for employer $ per participant
- Low cost4.9 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 19th |
| Employee saving | 39th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,380 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Avantic Lodging Enterprises put in about $213 per active participant, below the typical peer ($266). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.57% 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 | $110,513 |
| Participant (employee) contributions | $330,887 |
| Other contributions (incl. rollovers in) | $5,950 |
| Administrative expenses paid from the plan | $19,956 |
| Investment advisory & management fees | $17,706 |
| Benefits paid out | $620,379 |
| Net assets, start / end of year | $3.4M / $3.6M |
| Active participants, start / end of year | 533 / 504 |
| Participants with account balances | 124 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Larson & Co, Inc. |
Largest service providers (Schedule C)
| Mma Securities | $16,802 reported compensation |
| Fidelity Investments Institutional | $2,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806140130NAL0008512978001, received 2025-08-06, EIN 84-2559601, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.