Retirement plan

VAC-U-MAX, INC. 401(K) PROFIT SHARING PLAN

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

VAC-U-MAXEIN 22-1615540Plan #002PY 2024

69 WILLIAM ST - BELLEVILLE, NJ 071093040973-759-4600vac-u-max.comLinkedIn51-200 employeesindustrial automation

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.6M

-2.9% from 2023

Total participants

-30.3% from 2023

Average account balance

$200,883

+88.3% from 2023

Annual return

15.33%

-5.11 pp from 2023

Benchmarks

See 14,176 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,176 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.63M

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

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.

70.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$238K

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

+15.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45205

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2E2F2J2T3B3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$1.5M

$31740 / participant

Other / not subdivided$1M100.0%

% of EOY assets

22.503%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$200,883

$86,922+131.1%

$102,438+96.1%

$80,874+148.4%

Participation rate

57.4%

72.4%-14.9pp

76.5%-19.0pp

67.6%-10.2pp

Annual return

15.33%

18.90%-3.6pp

29.37%-14.0pp

35.62%-20.3pp

Employer contribution / active EE

$844

$2,369-64.4%

$3,024-72.1%

$2,756-69.4%

Participant deferral / active EE

$4,219

$4,119+2.4%

$5,054-16.5%

$4,297-1.8%

Admin fee / account holder

$45,205

$8,050+461.6%

$9,448+378.5%

$6,935+551.8%

VAC-U-MAX, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VAC-U-MAX, INC. 401(K) PROFIT SHARING 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