Retirement plan

VIRGINIA INDUSTRIES, INC. 401(K) PLAN

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

VIRGINIA INDUSTRIES, INC.EIN 06-1073917Plan #003PY 2020

1022 ELM STREET - ROCKY HILL, CT 06067860-571-3600binghamandtaylor.comLinkedIn51-200 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$10.8M assets

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$13.6M

+0.0% from 2019

Total participants

368

+7.3% from 2019

Average account balance

$37,350

-6.0% from 2019

Annual return

11.47%

-8.81 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$21.44M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

651

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$36K

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

+15.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
AT RETIREMENT SERVICES, LLC6+ years Filed as: H&H RETIREMENT SERVICES, INC. Service code 15 · EIN 20-0346540	Recordkeeping	$54,600
H&H INVESTMENT SERVICES, INC.2 years Service code 27 · EIN 06-1461865	Advisory (Plan)	$18,580
WHITTLESEY PC2 years Filed as: WHITTLESEY, P.C. Service code 10 · EIN 06-0903326	Accounting	$8,500
CHARLES SCHWAB & CO., INC.6+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB BANK Service code 21 · EIN 42-1558009	Bank Trustee	$0
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 21 · EIN 82-3967259	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 returns
Annual investment return 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

$82K

$461 / participant

Other / not subdivided$82K100.0%

% of EOY assets

0.601%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WHITTLESEY PC
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,350

$73,638-49.3%

$95,952-61.1%

$73,488-49.2%

Participation rate

97.7%

76.2%+21.6pp

77.1%+20.7pp

70.7%+27.1pp

Annual return

11.47%

16.78%-5.3pp

91.61%-80.1pp

28.51%-17.0pp

Employer contribution / active EE

$2,366

$1,863+27.0%

$2,541-6.9%

$2,270+4.2%

Participant deferral / active EE

$2,322

$3,617-35.8%

$4,167-44.3%

$3,740-37.9%

Admin fee / account holder

$224

$482-53.5%

$6,795-96.7%

$513-56.3%

Provider

Service type

Compensation

AT RETIREMENT SERVICES, LLC6+ years

Filed as: H&H RETIREMENT SERVICES, INC.

Service code 15 · EIN 20-0346540

Recordkeeping

$54,600

H&H INVESTMENT SERVICES, INC.2 years

Service code 27 · EIN 06-1461865

Advisory (Plan)

$18,580

WHITTLESEY PC2 years

Filed as: WHITTLESEY, P.C.

Service code 10 · EIN 06-0903326

Accounting

$8,500

CHARLES SCHWAB & CO., INC.6+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB BANK

Service code 21 · EIN 42-1558009

Bank Trustee

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 21 · EIN 82-3967259

Bank Trustee

VIRGINIA INDUSTRIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA INDUSTRIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

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