Retirement plan

VENTURE FORTHE, INC. 401(K) PLAN

Name: VENTURE FORTHE, INC. - VENTURE FORTHE, INC. 401(K) PLAN (2018) 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 2018

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

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+6.5% from 2017

Total participants

546

+9.4% from 2017

Average account balance

$21,342

-5.4% from 2017

Annual return

-8.18%

-22.49 pp from 2017

Benchmarks

See 691 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2018

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES4+ years Filed as: P&A RETIREMENT PLAN SERVICES INC Service code 13 · EIN 16-1533601	Contract Administrator	$13,091
LANDMARK EQUITY ADVISORS LLC2 years Filed as: LANDMARK WEALTH MANAGEMENT Service code 26 45 BRYANT WOODS NORTH · AMHERST, NY 14228	Advisory (Participants)	$12,158

Plan features & details

Pension benefit codes2E2F2T2J2K3D

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).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$25K

$48 / participant

Investment mgmt$12K48.2%
Contract admin$13K51.8%

% of EOY assets

0.946%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,342

$44,473-52.0%

$76,518-72.1%

$55,725-61.7%

Participation rate

19.2%

51.0%-31.8pp

68.0%-48.8pp

70.9%-51.7pp

Annual return

-8.18%

-2.01%-6.2pp

-0.27%-7.9pp

244.93%-253.1pp

Employer contribution / active EE

$343

$1,101-68.9%

$2,647-87.0%

$2,078-83.5%

Participant deferral / active EE

$575

$1,988-71.1%

$3,836-85.0%

$3,356-82.9%

Admin fee / account holder

$202

$134+50.6%

$4,849-95.8%

$115+75.4%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES4+ years

Filed as: P&A RETIREMENT PLAN SERVICES INC

Service code 13 · EIN 16-1533601

Contract Administrator

$13,091

LANDMARK EQUITY ADVISORS LLC2 years

Filed as: LANDMARK WEALTH MANAGEMENT

Service code 26

45 BRYANT WOODS NORTH · AMHERST, NY 14228

Advisory (Participants)

$12,158

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