Advantage Management Corporation 401(k) Plan: Login, Facts & Contact Information

Advantage Management Corporation 401(k) Plan Facts

Plan name
THE PROFIT SHARING PLUS PLAN (THE PLAN) OF ADVANTAGE MANAGEMENT CORPORATION
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
ADVANTAGE MANAGEMENT CORPORATION
Participants
1,423 (1,332 active employees)
Former employees with a balance
286
Plan assets
$54,565,254 at Dec 31, 2023
Average account balance
$81,319 across 671 accounts
Employer contributions
$550,308 in plan year 2023 (20% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 1968
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 14, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $2.79 million went into the plan in contributions, $550,308 of it from the employer (20%).
  • $15.8 million was paid out to participants.
  • Investment and other income added $10.5 million.
  • Administrative expenses were $1,180, about $2 per account.

How the Advantage Management Corporation 401(k) changed, 20182023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20181,412$51.7 million$619,995$7.60 million
20191,719$63.0 million$671,210$4.89 million
20201,535$66.8 million$239,382$10.2 million
20211,625$74.4 million$379,630$7.91 million
20221,361$57.2 million$482,109$4.82 million
20231,423$54.6 million$550,308$15.8 million

Advantage Management Corporation 401(k) Contact Information

Phone
651-688-2000
Mailing address
800 LONE OAK RD., EAGAN MN 55121
Plan sponsor
ADVANTAGE MANAGEMENT CORPORATION
Employer identification number (EIN)
41-1679714
Plan number
001

Questions about the Advantage Management Corporation 401(k)

Does Advantage Management Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $550,308, 20% of all contributions.

Does the Advantage Management Corporation 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Advantage Management Corporation 401(k) plan?

1,423 participants at the start of plan year 2023, 1,332 of them active employees, and 286 former employees who still had money in the plan.

What is the average 401(k) balance at Advantage Management Corporation?

About $81,319 per account: $54.6 million in plan assets across 671 accounts with a balance at the end of plan year 2023.

Who manages the Advantage Management Corporation 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Advantage Management Corporation. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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