Retirement plan

VANCO PAYMENT SOLUTIONS 401(K) PROFIT SHARING PLAN AND TRUST

Name: VANCO PAYMENT SOLUTIONS, INC. - VANCO PAYMENT SOLUTIONS 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: VANCO PAYMENT SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VANCO PAYMENT SOLUTIONS 401(K) PROFIT SHARING PLAN AND TRUST, VANCO PAYMENT SOLUTIONS, INC.

VANCO PAYMENT SOLUTIONS, INC.EIN 20-8040927Plan #001PY 2016

400 NORTHRIDGE ROAD, SUITE 1200 - ATLANTA, GA 30350404-492-6600

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5M

-30.0% from 2015

Total participants

132

-11.4% from 2015

Average account balance

$43,645

-24.0% from 2015

Annual return

6.13%

-556.97 pp from 2015

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.71M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

250

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.

76.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 1 by compensation

Provider	Service type	Compensation
FRINGE BENEFITS DESIGN OF MN, INC.2+ years Service code 15 · EIN 41-1276678	Recordkeeping	$15,327

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

1 tripped

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

$19K

$197 / participant

Investment mgmt$3221.7%
Other / not subdivided$19K98.3%

% of EOY assets

0.380%

all-in expense ratio

Categories reported

1 / 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: MOORE COLSON AND COMPANY, P.C.
Auditor EIN: 581653941
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,645

$87,834-50.3%

$133,975-67.4%

$62,881-30.6%

Participation rate

82.5%

83.4%-0.9pp

87.1%-4.6pp

69.3%+13.2pp

Annual return

6.13%

12.05%-5.9pp

29.29%-23.2pp

20.14%-14.0pp

Employer contribution / active EE

$2,606

$3,482-25.2%

$5,211-50.0%

$2,281+14.2%

Participant deferral / active EE

$4,727

$4,812-1.8%

$6,282-24.8%

$3,203+47.6%

Admin fee / account holder

$166

$5,372-96.9%

$9,324-98.2%

$4,296-96.1%

Provider

Service type

Compensation

FRINGE BENEFITS DESIGN OF MN, INC.2+ years

Service code 15 · EIN 41-1276678

Recordkeeping

$15,327

VANCO PAYMENT SOLUTIONS 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VANCO PAYMENT SOLUTIONS 401(K) PROFIT SHARING PLAN AND 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