Retirement plan

VERMONT PRECISION TOOLS, INC. 401(K) PLAN

Name: VERMONT PRECISION TOOLS, INC. - VERMONT PRECISION TOOLS, INC. 401(K) PLAN (2020) Form 5500
Creator: VERMONT PRECISION TOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERMONT PRECISION TOOLS, INC. 401(K) PLAN, VERMONT PRECISION TOOLS, INC.

VERMONT PRECISION TOOLS, INC.EIN 03-0221054Plan #001PY 2020

10 PRECISION LANE, PO BOX 182 - SWANTON, VT 05488802-868-0109vermontprecisiontools.comLinkedIn201-500 employeesconsumer goods

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$9.7M

+15.0% from 2019

Total participants

215

-31.3% from 2019

Average account balance

$53,049

+62.3% from 2019

Annual return

15.57%

-5.23 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.91M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

284

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$932K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$308

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
PEOPLE'S UNITED BANK6+ years Service code 13 · EIN 06-1213065 2 BURLINGTON SQUARE · BURLINGTON, VT 05401	Contract Administrator	$35,360
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$8,273

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$44K

$231 / participant

Contract admin$8K19.0%
Other / not subdivided$35K81.0%

% of EOY assets

0.452%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KITTELL, BRANAGAN & SARGENT
Auditor EIN: 030302296
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,049

$73,638-28.0%

$95,964-44.7%

$73,497-27.8%

Participation rate

82.5%

76.2%+6.4pp

77.1%+5.5pp

70.7%+11.9pp

Annual return

15.57%

16.78%-1.2pp

91.64%-76.1pp

28.51%-12.9pp

Employer contribution / active EE

$777

$1,863-58.3%

$2,541-69.4%

$2,270-65.8%

Participant deferral / active EE

$3,055

$3,617-15.5%

$4,167-26.7%

$3,740-18.3%

Admin fee / account holder

$240

$482-50.3%

$6,797-96.5%

$513-53.3%

Provider

Service type

Compensation

PEOPLE'S UNITED BANK6+ years

Service code 13 · EIN 06-1213065

2 BURLINGTON SQUARE · BURLINGTON, VT 05401

Contract Administrator

$35,360

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$8,273

VERMONT PRECISION TOOLS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERMONT PRECISION TOOLS, INC. 401(K) 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