Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Project AX
Project AX 401(k)
- Professional, scientific, and technical services
- Tampa, FL
- EIN 46-4092883
- 1 plan with Schedule H financials
- Plan year 2024
- Project AX, LLC
- filed as Enavate Holdings, LLC
Administrative expenses excluding investment management, per participant · Enavate Retirement Plan · plan year 2024
$384.85
Higher than 93% of the 24,371 plans $10 to 50M that report it.
Source
= $84,282 / 219
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250731145806NAL0010785506001, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731145806NAL0010785506001, received 2025-07-31
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 2024-01-01 to 2024-12-31, filing received 2025-07-31.
Cost and contributions
Administrative expenses per participant
$384.85
Higher than 84% of the 25,098 plans $10 to 50M that report it.
Source
= $84,282 / 219
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731145806NAL0010785506001, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731145806NAL0010785506001, received 2025-07-31
Administrative expenses as a share of assets
0.694%
Higher than 94% of the 25,132 plans $10 to 50M that report it.
Source
= $84,282 / $12,148,289
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731145806NAL0010785506001, received 2025-07-31
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250731145806NAL0010785506001, received 2025-07-31
Employer contributions per participant
$1,942
Higher than 46% of the 24,050 plans $10 to 50M that report it.
Source
= $425,192 / 219
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731145806NAL0010785506001, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731145806NAL0010785506001, received 2025-07-31
Employer share of total contributions
21.3%
Higher than 28% of the 24,084 plans $10 to 50M that report it.
Source
= $425,192 / $1,996,535
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731145806NAL0010785506001, received 2025-07-31
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250731145806NAL0010785506001, received 2025-07-31
Plan terms, as stated in Project AX, LLC's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250731145806NAL0010785506001, received 2025-07-31
Full record, Enavate Retirement Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ENAVATE HOLDINGS, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Plan name | ENAVATE RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Sponsor EIN / plan number | 46-4092883 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Sponsor location | TAMPA, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Industry (business code) | 541990, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Filing received | 2025-07-31 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Amended filing | yes | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Participants, beginning of year | 251 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Active participants | 127 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Participants, end of year | 226 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Participants with an account balance | 219 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Total assets, beginning of year | $10,457,586 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Total assets, end of year | $12,148,289 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Net assets, end of year | $12,148,289 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Total income | $3,283,069 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Net income | $1,690,703 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Employer contributions | $425,192 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Participant contributions | $1,533,174 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Other contributions (incl. rollovers) | $38,169 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Total contributions | $1,996,535 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Benefit payments | $1,506,870 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Total expenses (incl. benefit payments) | $1,592,366 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Total administrative expenses | $84,282 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Contract administrator fees | $83,532 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Administrative expenses excluding investment management | $84,282 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Held in mutual funds | $12,042,723 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250731145806NAL0010785506001, received 2025-07-31 |
| Independent auditor | ASSURANCE DIMENSIONS | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250731145806NAL0010785506001, received 2025-07-31 |
Position = column in the DOL layout for form year 2024. Filing 20250731145806NAL0010785506001, received 2025-07-31.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PENSIONMARK FINANCIAL GROUP LLC | SERVICE PROVIDER | 99 Other fees | $0 | yes |
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 20250731145806NAL0010785506001, received 2025-07-31.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $10,457,586 | $12,148,289 | 16.2% |
| Participants with a balance | 243 | 219 | -9.9% |
| Administrative expenses | $77,990 | $84,282 | 8.1% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $471,706 | $425,192 | -9.9% |
Prior filing 20241008195140NAL0017295233001, received 2024-10-08; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: ENAVATE HOLDINGS, LLC; SEC registrant: Project AX, LLC (CIK 1629329, matched by EIN).