Retirement plan

VITI 401(K) PLAN

Name: VITI, INC. - VITI 401(K) PLAN (2016) Form 5500
Creator: VITI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VITI 401(K) PLAN, VITI, INC.

VITI, INC.EIN 05-0414518Plan #001PY 2016

975 FISH ROAD - TIVERTON, RI 02878401-624-6181

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$3.5M

No prior year

Total participants

137

No prior year

Average account balance

No prior year

Annual return

7.66%

No prior year

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.65M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

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.

59.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$371K

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22968

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

0 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
PINNACLE FINANCIAL SERVICES, INC.1+ years Filed as: PINNACLE PENSION CONSULTANTS Service code 27 144 TURNPIKE ROAD SUITE 110 · SOUTHBOROUGH, MA 01772	Advisory (Plan)	$15,102
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,333
THE ANGELL PENSION GROUP, INC.1+ years Filed as: THE ANGELL PENSION GROUP, INC Service code 13	Contract Administrator	$3,020
THE ANGELL PENSION GROUP, INC.1+ years Service code 13 88 BOYD AVE · EAST PROVIDENCE, RI 02914	Contract Administrator	$0

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$15K

$121 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.423%

all-in expense ratio

Categories reported

0 / 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: O'CONNOR & DREW, P.C.
Auditor EIN: 043000523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,546-100.0%

$71,796-100.0%

$55,167-100.0%

Participation rate

0.0%

59.1%-59.1pp

69.1%-69.1pp

69.0%-69.0pp

Annual return

7.66%

12.36%-4.7pp

78.04%-70.4pp

169.23%-161.6pp

Employer contribution / active EE

$803-100.0%

$1,924-100.0%

$1,963-100.0%

Participant deferral / active EE

$2,380

$2,064+15.3%

$2,794-14.8%

$3,054-22.1%

Admin fee / account holder

$650-100.0%

$4,815-100.0%

$504-100.0%

Provider

Service type

Compensation

PINNACLE FINANCIAL SERVICES, INC.1+ years

Filed as: PINNACLE PENSION CONSULTANTS

Service code 27

144 TURNPIKE ROAD SUITE 110 · SOUTHBOROUGH, MA 01772

Advisory (Plan)

$15,102

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,333

THE ANGELL PENSION GROUP, INC.1+ years

Filed as: THE ANGELL PENSION GROUP, INC

Service code 13

Contract Administrator

$3,020

THE ANGELL PENSION GROUP, INC.1+ years

Service code 13

88 BOYD AVE · EAST PROVIDENCE, RI 02914

Contract Administrator

VITI 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VITI 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