Retirement plan

VICTORY PROGRAMS, INC. INCENTIVE PLAN

Name: VICTORY PROGRAMS, INC. - VICTORY PROGRAMS, INC. INCENTIVE PLAN (2022) Form 5500
Creator: VICTORY PROGRAMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VICTORY PROGRAMS, INC. INCENTIVE PLAN, VICTORY PROGRAMS, INC.

VICTORY PROGRAMS, INC.EIN 04-2575322Plan #001PY 2022

965 MASSACHUSETTS AVENUE - BOSTON, MA 02118617-541-0222vpi.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.1M

-12.7% from 2021

Total participants

190

+5.6% from 2021

Average account balance

$19,381

-34.8% from 2021

Annual return

-11.76%

-37.52 pp from 2021

Benchmarks

See 5,353 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,353 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.98M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

201

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$634K

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

+11.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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
KENNETH RYAN1 year Filed as: KENNETH D. ANDERSON CO., INC. Service code 49	Other Services	$0
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$2K

$18 / participant

Contract admin$2K100.0%

% of EOY assets

0.076%

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: CITRIN COOPERMAN
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,381

$65,071-70.2%

$143,770-86.5%

$66,923-71.0%

Participation rate

78.6%

65.2%+13.4pp

80.3%-1.7pp

69.8%+8.8pp

Annual return

-11.76%

-11.14%-0.6pp

-0.04%-11.7pp

1.58%-13.3pp

Employer contribution / active EE

$2,361-100.0%

$4,951-100.0%

$2,545-100.0%

Participant deferral / active EE

$1,438

$2,919-50.7%

$5,638-74.5%

$4,237-66.1%

Admin fee / account holder

$15

$502-97.0%

$14,673-99.9%

$593-97.5%

Provider

Service type

Compensation

KENNETH RYAN1 year

Filed as: KENNETH D. ANDERSON CO., INC.

Service code 49

Other Services

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

VICTORY PROGRAMS, INC. INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VICTORY PROGRAMS, INC. INCENTIVE 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