Retirement plan

VERRILL DANA LLP 401(K) SAVINGS PLAN

Name: VERRILL DANA, LLP - VERRILL DANA LLP 401(K) SAVINGS PLAN (2024) Form 5500
Creator: VERRILL DANA, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERRILL DANA LLP 401(K) SAVINGS PLAN, VERRILL DANA, LLP

VERRILL DANA, LLPEIN 01-0176171Plan #002PY 2024

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

Other plans on this EIN

1 filing

#001Retirement-$58.9M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$89.1M

+17.2% from 2023

Total participants

352

-0.8% from 2023

Average account balance

$266,069

+16.9% from 2023

Annual return

16.06%

-4.08 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

$89.13M

Not enough data

1 years with asset history on file

Average account balance

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

$266K

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.

335

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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 INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$36,330
FIDUCIARY INVESTMENT ADVISORS5 years Service code 27 · EIN 36-4001764	Advisory (Plan)	$11,543

Plan features & details

Pension benefit codes2G2J2E2F2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$47K

$169 / participant

Recordkeeping$36K75.7%
Other / not subdivided$12K24.3%

% of EOY assets

0.053%

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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$266,069

$106,264+150.4%

$147,117+80.9%

$77,762+242.2%

Participation rate

94.0%

78.4%+15.5pp

82.2%+11.8pp

70.6%+23.4pp

Annual return

16.06%

56.94%-40.9pp

420.54%-404.5pp

31.27%-15.2pp

Employer contribution / active EE

$5,099

$4,074+25.2%

$4,932+3.4%

$2,728+86.9%

Participant deferral / active EE

$11,279

$8,003+40.9%

$8,065+39.9%

$4,651+142.5%

Admin fee / account holder

$142

$334-57.6%

$12,993-98.9%

$433-67.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$36,330

FIDUCIARY INVESTMENT ADVISORS5 years

Service code 27 · EIN 36-4001764

Advisory (Plan)

$11,543

VERRILL DANA LLP 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERRILL DANA LLP 401(K) SAVINGS 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