Employers › Avis Budget Group › plan 002
Recordkeeping fees per participant · Avis Budget Group, Inc. Employee Savings Plan · plan year 2024
$57.24
Higher than 61% of the 1,697 plans $250M to 1B that report it.
= $582,131 / 10,170
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251016123626NAL0003362915001, received 2025-10-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251016123626NAL0003362915001, received 2025-10-16
Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-10-16.
Administrative expenses excluding investment management, per participant
$62.82
Higher than 46% of the 2,324 plans $250M to 1B that report it.
= $638,878 / 10,170
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251016123626NAL0003362915001, received 2025-10-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251016123626NAL0003362915001, received 2025-10-16
Administrative expenses per participant
$62.82
Higher than 30% of the 2,405 plans $250M to 1B that report it.
= $638,878 / 10,170
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251016123626NAL0003362915001, received 2025-10-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251016123626NAL0003362915001, received 2025-10-16
Administrative expenses as a share of assets
0.089%
Higher than 60% of the 2,407 plans $250M to 1B that report it.
= $638,878 / $718,240,620
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251016123626NAL0003362915001, received 2025-10-16
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251016123626NAL0003362915001, received 2025-10-16
Employer contributions per participant
$1,323
Higher than 13% of the 2,457 plans $250M to 1B that report it.
= $13,452,973 / 10,170
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251016123626NAL0003362915001, received 2025-10-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251016123626NAL0003362915001, received 2025-10-16
Employer share of total contributions
35.9%
Higher than 65% of the 2,459 plans $250M to 1B that report it.
= $13,452,973 / $37,521,292
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251016123626NAL0003362915001, received 2025-10-16
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251016123626NAL0003362915001, received 2025-10-16
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) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251016123626NAL0003362915001, received 2025-10-16
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AVIS BUDGET GROUP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Plan name | AVIS BUDGET GROUP, INC. EMPLOYEE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Sponsor EIN / plan number | 06-0918165 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Sponsor location | PARSIPPANY, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Industry (business code) | 721110, Accommodation and food services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Filing received | 2025-10-16 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Participants, beginning of year | 16,556 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Active participants | 13,652 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Participants, end of year | 16,412 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Participants with an account balance | 10,170 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Total assets, beginning of year | $691,978,347 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Total assets, end of year | $718,240,620 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Net assets, end of year | $718,188,312 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Total income | $108,806,012 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Net income | $27,743,784 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Employer contributions | $13,452,973 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Participant contributions | $21,951,337 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Other contributions (incl. rollovers) | $2,116,982 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Total contributions | $37,521,292 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Benefit payments | $78,960,349 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Total expenses (incl. benefit payments) | $81,062,228 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Total administrative expenses | $638,878 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Recordkeeping fees | $582,131 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Administrative expenses excluding investment management | $638,878 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Held in common/collective trusts | $281,293,710 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Held in mutual funds | $414,632,772 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251016123626NAL0003362915001, received 2025-10-16 |
| Independent auditor | GELTRUDE & COMPANY, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251016123626NAL0003362915001, received 2025-10-16 |
Position = column in the DOL layout for form year 2024. Filing 20251016123626NAL0003362915001, received 2025-10-16.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND Srecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 52 Investment management fees paid indirectly by plan; 62 Float revenue; 71 Securities brokerage commissions and fees; 72 Other investment fees and expenses | $609,164 | yes |
| CLEARSTEAD ADVISORS, LLC | CONSULTANT | 70 Consulting fees | $30,000 | no |
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 20251016123626NAL0003362915001, received 2025-10-16.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $691,978,347 | $718,240,620 | 3.8% |
| Participants with a balance | 10,701 | 10,170 | -5.0% |
| Administrative expenses | $663,226 | $638,878 | -3.7% |
| Recordkeeping fees per participant | $57.77 | $57.24 | -0.9% |
| Employer contributions | $12,690,245 | $13,452,973 | 6.0% |
Prior filing 20241015123117NAL0028429473001, received 2024-10-15; the plan years are contiguous.