Retirement plan

VICTREX USA, INC. 401(K) RETIREMENT PLAN

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

VICTREX USA, INC.EIN 22-3259553Plan #001PY 2024

300 CONSHOHOCKEN STATE ROAD, SUITE 120 - WEST CONSHOHOCKEN, PA 19428484-342-6001

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$31.9M

+10.2% from 2023

Total participants

133

+6.4% from 2023

Average account balance

$259,248

+5.7% from 2023

Annual return

14.81%

-3.33 pp from 2023

Benchmarks

See 8,999 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,999 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.89M

Not enough data

1 years with asset history on file

Average account balance

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

$259K

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.

123

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$543

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 3 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC5 years Service code 27 · EIN 22-3570392	Advisory (Plan)	$30,000
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$27,047
BDG-CPAS4 years Service code 10 · EIN 22-2625944	Accounting	$9,800

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3D

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$67K

$689 / participant

Recordkeeping$27K40.5%
Investment mgmt$30K44.9%
Other / not subdivided$10K14.7%

% of EOY assets

0.210%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDG-CPAS
Auditor EIN: 222625944
Audit fees: $9,800
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$259,248

$101,778+154.7%

$164,975+57.1%

$80,925+220.4%

Participation rate

89.7%

71.8%+17.9pp

78.6%+11.1pp

67.7%+22.0pp

Annual return

14.81%

16.73%-1.9pp

70.12%-55.3pp

35.65%-20.8pp

Employer contribution / active EE

$6,272

$2,954+112.3%

$4,343+44.4%

$2,756+127.6%

Participant deferral / active EE

$9,177

$4,477+105.0%

$6,033+52.1%

$4,299+113.5%

Admin fee / account holder

$543

$8,221-93.4%

$12,688-95.7%

$6,940-92.2%

Provider

Service type

Compensation

MMA SECURITIES LLC5 years

Service code 27 · EIN 22-3570392

Advisory (Plan)

$30,000

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$27,047

BDG-CPAS4 years

Service code 10 · EIN 22-2625944

Accounting

$9,800

VICTREX USA, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VICTREX USA, INC. 401(K) RETIREMENT 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