Retirement plan

VANDEMARK CHEMICAL INC. 401(K) PROFIT SHARING PLAN

Name: VANDEMARK CHEMICAL INC. - VANDEMARK CHEMICAL INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: VANDEMARK CHEMICAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VANDEMARK CHEMICAL INC. 401(K) PROFIT SHARING PLAN, VANDEMARK CHEMICAL INC.

VANDEMARK CHEMICAL INC.EIN 16-0757316Plan #001PY 2024

1 NORTH TRANSIT ROAD - LOCKPORT, NY 14094716-433-6764vdmchemical.comLinkedIn201-500 employeeschemicals

Prospect flagsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 17, 1998

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)

$11.8M

-8.6% from 2023

Total participants

123

+2.5% from 2023

Average account balance

$95,747

-11.6% from 2023

Annual return

12.96%

-1.93 pp from 2023

Benchmarks

See 5,399 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,399 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.78M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

123

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

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$516

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$40,345
SECURITIES AMERICA INC4 years Service code 55 12325 PORT GRAVE BLVD · LA VISTA, NE 68103	Other Commissions	$19,167
ACTUARIAL BENEFITS CORP3 years Filed as: ACTUARIAL CONSULTING SERVICES, INC Service code 13 30 BRYANT WOODS NORTH · AMHERST, NY 14228	Contract Administrator	$11,821
OSAIC WEALTH INC1 year Filed as: OASIC WEALTH INC Service code 55	Other Commissions	$9,208
JEFFREY SLOCUM & ASSOCIATES1 year Filed as: JEFFREY L OFFHAS CPA, LLC Service code 10 240 REDTAIL RD STE 12B · ORCHARD PARK, NY 14127	Accounting	$8,700
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,637
OSAIC WEALTH INC1 year Service code 55 10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

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

$64K

$794 / participant

Recordkeeping$40K63.5%
Investment mgmt$3K4.2%
Contract admin$12K18.6%
Other / not subdivided$9K13.7%

% of EOY assets

0.539%

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: JEFFREY L OFFHAUS CPA LLC
Auditor EIN: 202368569
Audit fees: $8,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,747

$87,106+9.9%

$105,607-9.3%

$80,935+18.3%

Participation rate

100.0%

70.4%+29.6pp

75.3%+24.7pp

67.7%+32.3pp

Annual return

12.96%

17.01%-4.0pp

116.11%-103.1pp

35.66%-22.7pp

Employer contribution / active EE

$4,438

$2,396+85.2%

$3,167+40.1%

$2,757+61.0%

Participant deferral / active EE

$9,491

$3,986+138.1%

$5,011+89.4%

$4,299+120.7%

Admin fee / account holder

$516

$8,447-93.9%

$10,958-95.3%

$6,924-92.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$40,345

SECURITIES AMERICA INC4 years

Service code 55

12325 PORT GRAVE BLVD · LA VISTA, NE 68103

Other Commissions

$19,167

ACTUARIAL BENEFITS CORP3 years

Filed as: ACTUARIAL CONSULTING SERVICES, INC

Service code 13

30 BRYANT WOODS NORTH · AMHERST, NY 14228

Contract Administrator

$11,821

OSAIC WEALTH INC1 year

Filed as: OASIC WEALTH INC

Service code 55

Other Commissions

$9,208

JEFFREY SLOCUM & ASSOCIATES1 year

Filed as: JEFFREY L OFFHAS CPA, LLC

Service code 10

240 REDTAIL RD STE 12B · ORCHARD PARK, NY 14127

Accounting

$8,700

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,637

OSAIC WEALTH INC1 year

Service code 55

10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302

Other Commissions

VANDEMARK CHEMICAL INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VANDEMARK CHEMICAL INC. 401(K) PROFIT SHARING 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