Retirement plan

VENTURE FORTHE, INC. 401(K) PLAN

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

VENTURE FORTHE, INC.EIN 16-1538504Plan #001PY 2024

3900 PACKARD ROAD - NIAGARA FALLS, NY 14303716-285-8070ventureforthe.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.9M

-3.9% from 2023

Total participants

817

+6.5% from 2023

Average account balance

$26,593

-11.7% from 2023

Annual return

13.70%

-1.82 pp from 2023

Benchmarks

See 834 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort834 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.92M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

185

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.

12.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$664K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$917

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

+13.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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
LANDMARK EQUITY ADVISORS LLC8 years Filed as: LANDMARK WEALTH MANAGEMENT Service code 26 2410 N FOREST ROAD · GETZVILLE, NY 14068	Advisory (Participants)	$27,002
EPIC RETIREMENT PLAN SERVICES10+ years Filed as: P&A RETIREMENT PLAN SERVICES INC Service code 13 · EIN 16-1533601 17 COURT STREET · BUFFALO, NY 14202	Contract Administrator	$24,038

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$51K

$70 / participant

Recordkeeping$22K42.4%
Investment mgmt$27K52.9%
Contract admin$2K4.7%

% of EOY assets

1.037%

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: CHIAMPOU TRAVIS BESAW &KERSHNER LLC
Auditor EIN: 161468002
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,593

$45,022-40.9%

$85,126-68.8%

$77,714-65.8%

Participation rate

12.7%

48.7%-36.0pp

67.5%-54.8pp

70.6%-57.9pp

Annual return

13.70%

79.38%-65.7pp

66.63%-52.9pp

31.26%-17.6pp

Employer contribution / active EE

$305

$1,610-81.0%

$2,731-88.8%

$2,727-88.8%

Participant deferral / active EE

$611

$2,811-78.2%

$4,523-86.5%

$4,649-86.8%

Admin fee / account holder

$276

$913-69.8%

$6,160-95.5%

$433-36.3%

Provider

Service type

Compensation

LANDMARK EQUITY ADVISORS LLC8 years

Filed as: LANDMARK WEALTH MANAGEMENT

Service code 26

2410 N FOREST ROAD · GETZVILLE, NY 14068

Advisory (Participants)

$27,002

EPIC RETIREMENT PLAN SERVICES10+ years

Filed as: P&A RETIREMENT PLAN SERVICES INC

Service code 13 · EIN 16-1533601

17 COURT STREET · BUFFALO, NY 14202

Contract Administrator

$24,038

VENTURE FORTHE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VENTURE FORTHE, INC. 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