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Original filing (PDF)20250918131750NAL0003262018001
APFS LLC
Form 5500
FILING_RECEIVED
APFS 401(K) PLAN
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
3,809
Accounts w/ balance
2,627
Plan assets (EOY)
$198.3M
Net assets (EOY)
$198.3M
How this plan invests
This plan
15 pooled trusts
Schedule D
33 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
80
Knocking points off
- 16 bps in Schedule C fees — 62% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
- 69% balance-to-active ratio — below typical for a healthy 401(k).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for APFS LLC.
Plan sponsor
Name
APFS LLC
EIN
20-4714798
Address
225 W RANDOLPH SUITE 1900 · CHICAGO, IL · 60606
Phone
(312) 424-0300
Industry
Admin Support & Waste Mgmtsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-18
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
RSM US LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | 13-5674085 | — | CONSULTANT | $105K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $215K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MORNINGSTAR INVESTMENT MANAGEMENT L | 36-4317381 | — | INV ADV, PARTICIPANTS | $0 | — |
Investments
18 direct securities · 15 pooled funds· $198.3M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$125.6M
13 holdings
Uncategorized
$70.0M
18 holdings
Pooled Separate Account
$2.7M
2 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| PRIN LIFETIME HY 2050 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 009 | Common Collective Trust | — | — | $21.7M | 10.9% | |
| PRIN LIFETIME HY 2055 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 010 | Common Collective Trust | — | — | $20.6M | 10.4% | |
| Vanguard Group Vanguard 500 Index Admiral Fd | — | — | — | $20.6M | 10.4% | |
| PRIN LIFETIME HB 2045 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 008 | Common Collective Trust | — | — | $19.3M | 9.7% | |
| PRIN LIFETIME HB 2040 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 007 | Common Collective Trust | — | — | $14.3M | 7.2% | |
| PRIN LIFETIME HB 2035 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 006 | Common Collective Trust | — | — | $14.2M | 7.1% | |
| PRIN LIFETIME HYB 2030 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 005 | Common Collective Trust | — | — | $12.9M | 6.5% | |
| PRIN LIFETIME HY 2060 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 012 | Common Collective Trust | — | — | $11.1M | 5.6% | |
| Vanguard Group Vanguard US Growth Admiral Fd | — | — | — | $9.5M | 4.8% | |
| Vanguard Group Vanguard Sm Cap Index Inst Fd | — | — | — | $7.1M | 3.6% | |
| PRIN LIFETIME HYB 2025 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 004 | Common Collective Trust | — | — | $5.5M | 2.8% | |
| MFS Investment Management MFS Technology R6 Fund | — | — | — | $5.2M | 2.6% | |
| Principal Funds, Inc. Fixed Income Guaranteed Option | — | — | — | $4.9M | 2.5% | |
| Lord Abbett & Co, LLC Lord Abbett Growth Lead R6 Fd | — | — | — | $3.9M | 2.0% | |
| PRIN LIFETIME HY 2065 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 013 | Common Collective Trust | — | — | $3.4M | 1.7% | |
| Vanguard Group Vanguard Equity—Inc Adm Fund | — | — | — | $3.0M | 1.5% | |
| MFS Investment Management MFS Core Equity R6 Fund | — | — | — | $2.6M | 1.3% | |
| with maturities through 2036 | — | — | — | $2.5M | 1.3% | |
| Vanguard Group Vgd Ttl Intl Stk Idx Adm Fd | — | — | — | $2.1M | 1.0% | |
| PRINCIPAL SMALLCAP SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 029 | Pooled Separate Account | — | — | $2.1M | 1.0% | |
| Lord Abbett & Co, LLC Lord Abbett High Yield R6 Fund | — | — | — | $2.0M | 1.0% | |
| PRIN LIFETIME HYB 2020 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 003 | Common Collective Trust | — | — | $1.8M | 0.9% | |
| Capital Research and Mgmt Co American Funds SMCAP W ld R6 Fd | — | — | — | $1.7M | 0.8% | |
| PIMCO StocksPLUS Intl I Fund | — | — | — | $1.3M | 0.7% | |
| Capital Research and Mgmt Co Am Fds EuroPacific Grth R6 Fd | — | — | — | $1.3M | 0.6% | |
| Vanguard Group Vanguard Fin Index Adm Fd | — | — | — | $982K | 0.5% | |
| Voya Intermediate Bond R6 Fund | — | — | — | $699K | 0.4% | |
| PRIN REAL ESTATE SECS SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 095 | Pooled Separate Account | — | — | $687K | 0.3% | |
| OppenheimerFunds, Inc. Oppen Intl SMID Co I Fund | — | — | — | $649K | 0.3% | |
| PRIN LIFETIME HY INC CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 011 | Common Collective Trust | — | — | $370K | 0.2% | |
| PRIN LIFETIME HYB 2015 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 002 | Common Collective Trust | — | — | $336K | 0.2% | |
| (E) | — | — | — | $49K | <0.1% | |
| PRIN LIFETIME HYB 2070 CIT X PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 014 | Common Collective Trust | — | — | $49K | <0.1% |