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ADVANCED AV, LLC 401(K) PLAN 401k Plan overview

Plan NameADVANCED AV, LLC 401(K) PLAN
Plan identification number 001

ADVANCED AV, LLC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ADVANCED AV, LLC has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED AV, LLC
Employer identification number (EIN):371736628
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about ADVANCED AV, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 5327831

More information about ADVANCED AV, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED AV, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01MICHAEL GALLAGHER2020-10-06 MICHAEL GALLAGHER2020-10-06
0012018-01-01MICHAEL GALLAGHER2019-10-10
0012017-01-01
0012016-01-01MICHAEL GALLAGHER2017-07-19
0012015-01-01MICHAEL GALLAGHER2016-09-02
0012014-01-01MICHAEL GALLAGHER2015-09-29
0012013-08-28MICHAEL GALLAGHER2017-04-03

Plan Statistics for ADVANCED AV, LLC 401(K) PLAN

401k plan membership statisitcs for ADVANCED AV, LLC 401(K) PLAN

Measure Date Value
2019: ADVANCED AV, LLC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01366
Total number of active participants reported on line 7a of the Form 55002019-01-01397
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0178
Total of all active and inactive participants2019-01-01475
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01475
Number of participants with account balances2019-01-01342
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0112
2018: ADVANCED AV, LLC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01178
Total number of active participants reported on line 7a of the Form 55002018-01-01141
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0132
Total of all active and inactive participants2018-01-01173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01173
Number of participants with account balances2018-01-01118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-019

Financial Data on ADVANCED AV, LLC 401(K) PLAN

Measure Date Value
2019 : ADVANCED AV, LLC 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$11,941,446
Total transfer of assets to this plan2019-12-31$11,941,446
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$5,104,831
Total income from all sources (including contributions)2019-12-31$5,104,831
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,173,637
Total of all expenses incurred2019-12-31$1,173,637
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,102,905
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,102,905
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,952,774
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,952,774
Value of total assets at end of year2019-12-31$19,057,903
Value of total assets at end of year2019-12-31$19,057,903
Value of total assets at beginning of year2019-12-31$3,185,263
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$70,732
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$70,732
Total interest from all sources2019-12-31$10,725
Total interest from all sources2019-12-31$10,725
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$70,732
Administrative expenses professional fees incurred2019-12-31$70,732
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,514,896
Contributions received from participants2019-12-31$1,514,896
Participant contributions at end of year2019-12-31$301,863
Participant contributions at end of year2019-12-31$301,863
Participant contributions at beginning of year2019-12-31$39,566
Participant contributions at beginning of year2019-12-31$39,566
Assets. Other investments not covered elsewhere at end of year2019-12-31$128,572
Assets. Other investments not covered elsewhere at end of year2019-12-31$128,572
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$79,984
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$79,984
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,210,746
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,210,746
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$10,672
Total non interest bearing cash at end of year2019-12-31$10,672
Total non interest bearing cash at beginning of year2019-12-31$4,201
Total non interest bearing cash at beginning of year2019-12-31$4,201
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,931,194
Value of net income/loss2019-12-31$3,931,194
Value of net assets at end of year (total assets less liabilities)2019-12-31$19,057,903
Value of net assets at end of year (total assets less liabilities)2019-12-31$19,057,903
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,185,263
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,185,263
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$18,616,796
Value of interest in pooled separate accounts at end of year2019-12-31$18,616,796
Value of interest in pooled separate accounts at beginning of year2019-12-31$3,061,339
Value of interest in pooled separate accounts at beginning of year2019-12-31$3,061,339
Interest on participant loans2019-12-31$10,725
Interest on participant loans2019-12-31$10,725
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,141,332
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,141,332
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$227,132
Contributions received in cash from employer2019-12-31$227,132
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$173
Employer contributions (assets) at beginning of year2019-12-31$173
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,102,905
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,102,905
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31FISCHER CUNNANE & ASSOCIATES, LTD
Accountancy firm name2019-12-31FISCHER CUNNANE & ASSOCIATES, LTD
Accountancy firm EIN2019-12-31233060583
Accountancy firm EIN2019-12-31233060583
2018 : ADVANCED AV, LLC 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$3,850
Total income from all sources (including contributions)2018-12-31$479,737
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$100,001
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$98,874
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$707,375
Value of total assets at end of year2018-12-31$3,185,263
Value of total assets at beginning of year2018-12-31$2,809,377
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,127
Total interest from all sources2018-12-31$2,259
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$1,127
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$560,746
Participant contributions at end of year2018-12-31$39,566
Participant contributions at beginning of year2018-12-31$37,321
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$3,943
Assets. Other investments not covered elsewhere at end of year2018-12-31$79,984
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$62,133
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$62,516
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$3,850
Other income not declared elsewhere2018-12-31$3,983
Total non interest bearing cash at end of year2018-12-31$4,201
Total non interest bearing cash at beginning of year2018-12-31$3,850
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$379,736
Value of net assets at end of year (total assets less liabilities)2018-12-31$3,185,263
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,805,527
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$3,061,339
Value of interest in pooled separate accounts at beginning of year2018-12-31$2,629,529
Interest on participant loans2018-12-31$2,259
Net investment gain/loss from pooled separate accounts2018-12-31$-233,880
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$84,113
Employer contributions (assets) at end of year2018-12-31$173
Employer contributions (assets) at beginning of year2018-12-31$72,601
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$98,874
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31FISCHER CUNNANE & ASSOCIATES, LTD
Accountancy firm EIN2018-12-31233060583

Form 5500 Responses for ADVANCED AV, LLC 401(K) PLAN

2019: ADVANCED AV, LLC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: ADVANCED AV, LLC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number111764
Policy instance 1
Insurance contract or identification number111764
Number of Individuals Covered469
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $64,935
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Amount paid for insurance broker fees35446
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number111764
Policy instance 1
Insurance contract or identification number111764
Number of Individuals Covered218
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $11,047
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Amount paid for insurance broker fees9493
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3

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