Retirement plan

VIDA SHOES INTERNATIONAL 401(K) RETIREMENT PLAN

Name: VIDA SHOES INTERNATIONAL - VIDA SHOES INTERNATIONAL 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: VIDA SHOES INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIDA SHOES INTERNATIONAL 401(K) RETIREMENT PLAN, VIDA SHOES INTERNATIONAL

VIDA SHOES INTERNATIONALEIN 13-2735052Plan #001PY 2024

29 WEST 56TH STREET, 5TH FLOOR - NEW YORK, NY 10019212-246-1900vidagroup.comLinkedIn51-200 employeesapparel & fashion

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$28.7M

+15.1% from 2023

Total participants

309

-1.3% from 2023

Average account balance

$110,955

+16.5% from 2023

Annual return

15.32%

-1.94 pp from 2023

Benchmarks

See 2,345 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,345 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.74M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

259

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$576

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
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS FINET Service code 26 · EIN 48-1305000	Advisory (Participants)	$38,911
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INS CO OF NY Service code 15 · EIN 13-3646501 197 CLARENDON ST. · BOSTON, MA 02117	Recordkeeping	$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

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

$149K

$802 / participant

Investment mgmt$39K26.1%
Salaries / allowances$3K2.0%
Contract admin$107K71.9%

% of EOY assets

0.519%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,955

$88,186+25.8%

$165,071-32.8%

$74,459+49.0%

Participation rate

73.1%

73.1%0pp

78.6%-5.5pp

67.2%+5.9pp

Annual return

15.32%

17.13%-1.8pp

70.17%-54.9pp

1369.70%-1354.4pp

Employer contribution / active EE

$1,768

$2,600-32.0%

$4,347-59.3%

$2,626-32.7%

Participant deferral / active EE

$8,567

$4,505+90.2%

$6,035+41.9%

$4,350+97.0%

Admin fee / account holder

$576

$2,234-74.2%

$12,695-95.5%

$1,945-70.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS FINET

Service code 26 · EIN 48-1305000

Advisory (Participants)

$38,911

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INS CO OF NY

Service code 15 · EIN 13-3646501

197 CLARENDON ST. · BOSTON, MA 02117

Recordkeeping

VIDA SHOES INTERNATIONAL 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIDA SHOES INTERNATIONAL 401(K) 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