Retirement plan

VALUE ADDED SOLUTIONS, INC. 401(K) PLAN

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

VALUE ADDED SOLUTIONS, INC.EIN 20-3912625Plan #001PY 2024

237 HIGH GATE LOOP - AIKEN, SC 29803803-644-0070valueaddedsolutionsinc.comLinkedIn51-200 employeesstaffing and recruiting

Other plans on this EIN

1 filing

#002Retirement-$3.6M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$10.7M

-2.8% from 2023

Total participants

278

-4.8% from 2023

Average account balance

$58,643

+9.9% from 2023

Annual return

12.50%

-3.93 pp from 2023

Benchmarks

See 1,425 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,425 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.73M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

183

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.

46.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$457

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$44,128
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA INVESTMENTS ADVISERS LLC Service code 27 200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245	Advisory (Plan)	$22,917
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$13,350
NOVA 401(K) ASSOCIATES7+ years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092	Contract Administrator	$11,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

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

$84K

$472 / participant

Contract admin$84K100.0%

% of EOY assets

0.779%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,643

$44,984+30.4%

$85,009-31.0%

$74,546-21.3%

Participation rate

46.3%

49.4%-3.1pp

67.5%-21.2pp

67.2%-20.9pp

Annual return

12.50%

26.25%-13.8pp

66.47%-54.0pp

1366.03%-1353.5pp

Employer contribution / active EE

$2,647

$1,458+81.5%

$2,728-3.0%

$2,624+0.9%

Participant deferral / active EE

$7,857

$2,733+187.4%

$4,522+73.8%

$4,347+80.7%

Admin fee / account holder

$457

$2,208-79.3%

$6,153-92.6%

$1,944-76.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$44,128

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA INVESTMENTS ADVISERS LLC

Service code 27

200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245

Advisory (Plan)

$22,917

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$13,350

NOVA 401(K) ASSOCIATES7+ years

Service code 13

10777 NORTHWEST FREEWAY · HOUSTON, TX 77092

Contract Administrator

$11,000

VALUE ADDED SOLUTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALUE ADDED SOLUTIONS, 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