Retirement plan

VALENTINE ENTERPRISES, INC. RETIREMENT SAVINGS PLAN

Name: VALENTINE ENTERPRISES, INC. - VALENTINE ENTERPRISES, INC. RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: VALENTINE ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALENTINE ENTERPRISES, INC. RETIREMENT SAVINGS PLAN, VALENTINE ENTERPRISES, INC.

VALENTINE ENTERPRISES, INC.EIN 13-2708762Plan #002PY 2019

1291 PROGRESS CENTER AVENUE - LAWRENCEVILLE, GA 30043770-995-0661veiusa.comLinkedIn201-500 employeeshealth, wellness and fitness

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.9M

+27.9% from 2018

Total participants

183

-5.7% from 2018

Average account balance

$24,804

+23.5% from 2018

Annual return

22.33%

+28.04 pp from 2018

Benchmarks

See 966 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort966 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.52M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

147

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.

60.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$740K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 3 by compensation

Provider	Service type	Compensation
APRIO LLP3 years Filed as: APRIO WEALTH MANAGEMENT Service code 26 · EIN 58-2484343 5 CONCOURSE PARKWAY · ATLANTA, GA 30328	Advisory (Participants)	$12,365
ROSS LANE & COMPANY, LLC1 year Filed as: ROSS LANE & COMPANY Service code 10 · EIN 58-1686745	Accounting	$9,500
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$1,393

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$38K

$229 / participant

Investment mgmt$12K32.5%
Contract admin$16K42.5%
Other / not subdivided$10K25.0%

% of EOY assets

1.310%

all-in expense ratio

Categories reported

2 / 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: ROSS LANE & COMPANY, LLC
Auditor EIN: 581686745
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,804

$50,666-51.0%

$76,667-67.6%

$65,186-61.9%

Participation rate

60.2%

68.8%-8.6pp

72.1%-11.9pp

70.2%-10.0pp

Annual return

22.33%

28.51%-6.2pp

1166.74%-1144.4pp

29.39%-7.1pp

Employer contribution / active EE

$571

$1,575-63.8%

$2,303-75.2%

$2,177-73.8%

Participant deferral / active EE

$2,260

$2,647-14.6%

$3,336-32.3%

$3,514-35.7%

Admin fee / account holder

$325

$463-29.8%

$6,423-94.9%

$847-61.7%

Provider

Service type

Compensation

APRIO LLP3 years

Filed as: APRIO WEALTH MANAGEMENT

Service code 26 · EIN 58-2484343

5 CONCOURSE PARKWAY · ATLANTA, GA 30328

Advisory (Participants)

$12,365

ROSS LANE & COMPANY, LLC1 year

Filed as: ROSS LANE & COMPANY

Service code 10 · EIN 58-1686745

Accounting

$9,500

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$1,393

VALENTINE ENTERPRISES, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALENTINE ENTERPRISES, INC. RETIREMENT SAVINGS 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