401k Record

Employers › Angel Oak Capital Advisors

Angel Oak Capital Advisors 401(k)

Administrative expenses excluding investment management, per participant · Angel Oak Companies 401(k) Profit Sharing Plan · plan year 2023

$256.65

Higher than 85% of the 23,494 plans $10 to 50M that report it.

Source

= $128,838 / 502
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241030163433NAL0000679841001, received 2024-10-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241030163433NAL0000679841001, received 2024-10-30

10th: $12.50median $105.8490th: $309.83

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-30.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$256.65

10th: $21.83median $171.6490th: $417.48

Higher than 70% of the 24,286 plans $10 to 50M that report it.

Source

= $128,838 / 502
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241030163433NAL0000679841001, received 2024-10-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241030163433NAL0000679841001, received 2024-10-30

Administrative expenses as a share of assets

0.453%

10th: 0.029%median 0.269%90th: 0.572%

Higher than 79% of the 24,321 plans $10 to 50M that report it.

Source

= $128,838 / $28,443,109
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241030163433NAL0000679841001, received 2024-10-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241030163433NAL0000679841001, received 2024-10-30

Employer contributions per participant

$1,659

10th: $655median $2,02590th: $4,780

Higher than 39% of the 23,376 plans $10 to 50M that report it.

Source

= $833,031 / 502
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241030163433NAL0000679841001, received 2024-10-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241030163433NAL0000679841001, received 2024-10-30

Employer share of total contributions

19.9%

10th: 13.2%median 28.1%90th: 46.4%

Higher than 23% of the 23,409 plans $10 to 50M that report it.

Source

= $833,031 / $4,187,921
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241030163433NAL0000679841001, received 2024-10-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241030163433NAL0000679841001, received 2024-10-30

Plan terms, as stated in Angel Oak Capital Advisors, LLC's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · 2S pre-approved plan document · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241030163433NAL0000679841001, received 2024-10-30

Full record, Angel Oak Companies 401(k) Profit Sharing Plan

FieldValueSource
Plan sponsorANGEL OAK COMPANIESForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241030163433NAL0000679841001, received 2024-10-30
Plan nameANGEL OAK COMPANIES 401K PROFIT SHARING PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20241030163433NAL0000679841001, received 2024-10-30
Sponsor EIN / plan number27-0718181 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241030163433NAL0000679841001, received 2024-10-30
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241030163433NAL0000679841001, received 2024-10-30
Sponsor locationATLANTA, GAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241030163433NAL0000679841001, received 2024-10-30
Industry (business code)523900, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20241030163433NAL0000679841001, received 2024-10-30
Plan year2023-01-01 to 2023-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241030163433NAL0000679841001, received 2024-10-30
Filing received2024-10-30Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241030163433NAL0000679841001, received 2024-10-30
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241030163433NAL0000679841001, received 2024-10-30
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20241030163433NAL0000679841001, received 2024-10-30
Participants, beginning of year1,204Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241030163433NAL0000679841001, received 2024-10-30
Active participants266Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241030163433NAL0000679841001, received 2024-10-30
Participants, end of year525Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241030163433NAL0000679841001, received 2024-10-30
Participants with an account balance502Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241030163433NAL0000679841001, received 2024-10-30
Total assets, beginning of year$28,429,901Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241030163433NAL0000679841001, received 2024-10-30
Total assets, end of year$28,443,109Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241030163433NAL0000679841001, received 2024-10-30
Net assets, end of year$28,410,469Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241030163433NAL0000679841001, received 2024-10-30
Total income$8,632,216Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241030163433NAL0000679841001, received 2024-10-30
Net income$13,208Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241030163433NAL0000679841001, received 2024-10-30
Employer contributions$833,031Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241030163433NAL0000679841001, received 2024-10-30
Participant contributions$2,567,488Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241030163433NAL0000679841001, received 2024-10-30
Other contributions (incl. rollovers)$787,402Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20241030163433NAL0000679841001, received 2024-10-30
Total contributions$4,187,921Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241030163433NAL0000679841001, received 2024-10-30
Benefit payments$8,490,170Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241030163433NAL0000679841001, received 2024-10-30
Total expenses (incl. benefit payments)$8,619,008Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241030163433NAL0000679841001, received 2024-10-30
Total administrative expenses$128,838Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241030163433NAL0000679841001, received 2024-10-30
Contract administrator fees$128,838Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20241030163433NAL0000679841001, received 2024-10-30
Administrative expenses excluding investment management$128,838derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241030163433NAL0000679841001, received 2024-10-30
Independent auditorAGL CPA GROUP, LLCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241030163433NAL0000679841001, received 2024-10-30

Position = column in the DOL layout for form year 2023. Filing 20241030163433NAL0000679841001, received 2024-10-30.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
ASCENSUSTHIRD PARTY ADMIN 49 Other services $0yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20241030163433NAL0000679841001, received 2024-10-30.

No filing for the previous plan year is in the data, so there is no year-over-year comparison.

Alerts, claims and corrections

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Sponsor name as filed: ANGEL OAK COMPANIES; SEC registrant: Angel Oak Capital Advisors, LLC (CIK 1613158, matched by EIN).