Retirement plan

VARI CORPORATION 401(K) PLAN

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

VARI CORPORATIONEIN 23-2106519Plan #002PY 2024

390 OLD READING PIKE - POTTSTOWN, PA 19464610-970-2800

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.2M

+5.1% from 2023

Total participants

217

+3.8% from 2023

Average account balance

$76,009

+0.7% from 2023

Annual return

12.01%

-3.15 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.19M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

213

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$721K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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
KESTRA INVESTMENT SERVICES LLC8 years Filed as: KESTRA INVESTMENT SERVICES Service code 55 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Other Commissions	$47,561
NATIONWIDE10+ years Filed as: NATIONWIDE LIFE INSURANCE CO Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$22,360
TYCOR BENEFIT ADMINISTRATORS, INC.10+ years Service code 14 955 CHESTERBROOK BLVD. · WAYNE, PA 19087	Plan Administrator	$2,369

Plan features & details

Pension benefit codes2E2F2G2J3D3H2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$53K

$316 / participant

Investment mgmt$53K100.0%

% of EOY assets

0.330%

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: HERBEIN & COMPANY, INC.
Auditor EIN: 232415973
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,009

$79,223-4.1%

$102,460-25.8%

$74,478+2.1%

Participation rate

97.6%

74.8%+22.9pp

76.5%+21.1pp

67.2%+30.4pp

Annual return

12.01%

54.98%-43.0pp

29.47%-17.5pp

1370.56%-1358.6pp

Employer contribution / active EE

$1,333

$2,363-43.6%

$3,025-55.9%

$2,626-49.2%

Participant deferral / active EE

$2,932

$4,417-33.6%

$5,056-42.0%

$4,350-32.6%

Admin fee / account holder

$250

$2,003-87.5%

$9,460-97.4%

$1,946-87.1%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC8 years

Filed as: KESTRA INVESTMENT SERVICES

Service code 55

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Other Commissions

$47,561

NATIONWIDE10+ years

Filed as: NATIONWIDE LIFE INSURANCE CO

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$22,360

TYCOR BENEFIT ADMINISTRATORS, INC.10+ years

Service code 14

955 CHESTERBROOK BLVD. · WAYNE, PA 19087

Plan Administrator

$2,369

VARI CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VARI CORPORATION 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