Retirement plan

VADATECH INC 401(K) PROFIT SHARING PLAN & TRUST

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

VADATECH INCEIN 20-1461611Plan #001PY 2024

198 N GIBSON ROAD - HENDERSON, NV 89014702-856-8216vadatech.comLinkedIn51-200 employeescomputer hardware

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.1M

+23.3% from 2023

Total participants

293

+8.5% from 2023

Average account balance

$27,604

-6.7% from 2023

Annual return

14.56%

-0.92 pp from 2023

Benchmarks

See 2,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,058 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.06M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

292

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 150 N COLLEGE ST. · CHARLOTTE, NC 28202	Advisory (Participants)	$20,521
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$3,188

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$68K

$355 / participant

Investment mgmt$21K30.3%
Contract admin$47K69.7%

% of EOY assets

0.842%

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: ELLSWORTH & STOUT, LLC
Auditor EIN: 261629589
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,604

$60,393-54.3%

$81,820-66.3%

$74,429-62.9%

Participation rate

99.5%

62.9%+36.6pp

72.4%+27.1pp

67.2%+32.3pp

Annual return

14.56%

16.89%-2.3pp

777.93%-763.4pp

1368.38%-1353.8pp

Employer contribution / active EE

$2,282

$2,626-13.1%

$2,915-21.7%

$2,625-13.1%

Participant deferral / active EE

$2,999

$3,397-11.7%

$4,323-30.6%

$4,348-31.0%

Admin fee / account holder

$232

$1,491-84.4%

$7,391-96.9%

$1,944-88.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH

Service code 26 · EIN 13-5674085

150 N COLLEGE ST. · CHARLOTTE, NC 28202

Advisory (Participants)

$20,521

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$3,188

VADATECH INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VADATECH INC 401(K) PROFIT SHARING PLAN & TRUST

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