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 (2019) 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 2019

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$6.1M

+33.0% from 2018

Total participants

220

+56.0% from 2018

Average account balance

$32,564

-12.8% from 2018

Annual return

24.53%

+25.05 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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.5+ years Service code 15 · EIN 41-1276678	Recordkeeping	$29,378

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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$34K

$201 / participant

Investment mgmt$2K5.7%
Other / not subdivided$32K94.3%

% of EOY assets

0.557%

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

$32,564

$98,982-67.1%

$162,177-79.9%

$65,185-50.0%

Participation rate

79.8%

85.8%-6.0pp

87.6%-7.8pp

70.2%+9.6pp

Annual return

24.53%

24.84%-0.3pp

115.60%-91.1pp

29.38%-4.9pp

Employer contribution / active EE

$2,251

$3,467-35.1%

$5,613-59.9%

$2,177+3.4%

Participant deferral / active EE

$3,995

$5,384-25.8%

$7,297-45.3%

$3,514+13.7%

Admin fee / account holder

$181

$596-69.6%

$10,843-98.3%

$847-78.6%

Provider

Service type

Compensation

FRINGE BENEFITS DESIGN OF MN, INC.5+ years

Service code 15 · EIN 41-1276678

Recordkeeping

$29,378

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