Retirement plan

VCCP NORTH AMERICA, INC. RETIREMENT PLAN

Name: VCCP NORTH AMERICA, INC. - VCCP NORTH AMERICA, INC. RETIREMENT PLAN (2024) Form 5500
Creator: VCCP NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VCCP NORTH AMERICA, INC. RETIREMENT PLAN, VCCP NORTH AMERICA, INC.

VCCP NORTH AMERICA, INC.EIN 04-3548570Plan #001PY 2024

257 PARK AVENUE S.FL 6 - NEW YORK, NY 10010801-361-0336

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.2M

+19.3% from 2023

Total participants

269

-1.8% from 2023

Average account balance

$82,606

+20.4% from 2023

Annual return

17.25%

-11.39 pp from 2023

Benchmarks

See 277 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort277 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.17M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

220

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.

72.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$514

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$105,710
AMERICAN UNITED LIFE INSURANCE CO2 years Filed as: ONE AMERICA SECURITIES Service code 49 · EIN 35-1159900	Other Services	$40,693
LATITUDE SERVICE COMPANY INC2 years Filed as: LATITUDE SERVICE COMPANY, INC Service code 13	Contract Administrator	$8,138
LATITUDE SERVICE COMPANY INC2 years Filed as: LATITUDE SERVICE COMPANY, INC, Service code 13 · EIN 82-1371994	Contract Administrator	$7,350

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$113K

$635 / participant

Contract admin$113K100.0%

% of EOY assets

0.622%

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: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,606

$89,225-7.4%

$133,698-38.2%

$74,478+10.9%

Participation rate

72.5%

69.4%+3.1pp

76.4%-3.9pp

67.2%+5.3pp

Annual return

17.25%

22.76%-5.5pp

580.90%-563.6pp

1370.56%-1353.3pp

Employer contribution / active EE

$3,805

$2,816+35.2%

$4,218-9.8%

$2,626+44.9%

Participant deferral / active EE

$8,364

$4,597+81.9%

$7,016+19.2%

$4,350+92.3%

Admin fee / account holder

$514

$1,545-66.7%

$6,703-92.3%

$1,946-73.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$105,710

AMERICAN UNITED LIFE INSURANCE CO2 years

Filed as: ONE AMERICA SECURITIES

Service code 49 · EIN 35-1159900

Other Services

$40,693

LATITUDE SERVICE COMPANY INC2 years

Filed as: LATITUDE SERVICE COMPANY, INC

Service code 13

Contract Administrator

$8,138

LATITUDE SERVICE COMPANY INC2 years

Filed as: LATITUDE SERVICE COMPANY, INC,

Service code 13 · EIN 82-1371994

Contract Administrator

$7,350

VCCP NORTH AMERICA, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VCCP NORTH AMERICA, INC. RETIREMENT 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