Retirement plan

VERRILL DANA LLP PENSION PLAN

Name: VERRILL DANA LLP - VERRILL DANA LLP PENSION PLAN (2024) Form 5500
Creator: VERRILL DANA LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERRILL DANA LLP PENSION PLAN, VERRILL DANA LLP

VERRILL DANA LLPEIN 01-0176171Plan #001PY 2024

P.O. BOX 586, ONE PORTLAND SQUARE - PORTLAND, ME 041120586207-774-4000

Other plans on this EIN

1 filing

#002Retirement-$89.1M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$58.9M

+18.5% from 2023

Total participants

323

+6.3% from 2023

Average account balance

$186,415

+8.8% from 2023

Annual return

16.11%

-1.73 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$58.91M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$186K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

316

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.11%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$116

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESMENTS INSTITUTIONAL Service code 37 · EIN 04-2647786	Loan Processing	$32,227
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2C2G2R2F3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$37K

$141 / participant

Recordkeeping$32K86.9%
Other / not subdivided$5K13.1%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER NEWMAN NOYES, LLC
Auditor EIN: 010494526
Audit fees: $1,600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$186,415

$106,264+75.4%

$147,117+26.7%

$77,762+139.7%

Participation rate

97.3%

78.4%+18.9pp

82.2%+15.1pp

70.6%+26.7pp

Annual return

16.11%

56.94%-40.8pp

420.54%-404.4pp

31.27%-15.2pp

Employer contribution / active EE

$7,525

$4,074+84.7%

$4,932+52.6%

$2,728+175.8%

Participant deferral / active EE

$8,003-100.0%

$8,065-100.0%

$4,651-100.0%

Admin fee / account holder

$116

$334-65.4%

$12,993-99.1%

$433-73.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESMENTS INSTITUTIONAL

Service code 37 · EIN 04-2647786

Loan Processing

$32,227

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 60

Sub-TA Fees

VERRILL DANA LLP PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERRILL DANA LLP PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion