Retirement plan

VARI CORPORATION 401(K) PLAN

Name: VARI CORPORATION - VARI CORPORATION 401(K) PLAN (2016) 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 2016

P.O. BOX 381 - POTTSTOWN, PA 19464610-970-2800

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.6M

+9.3% from 2015

Total participants

194

+12.8% from 2015

Average account balance

$65,096

-3.7% from 2015

Annual return

5.56%

+4.94 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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
NATIONWIDE2+ years Filed as: NATIONWIDE LIFE INSURANCE CO Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$32,163
TYCOR BENEFIT ADMINISTRATORS, INC.2+ years Service code 14 850 CASSATT ROAD · BERWYN, PA 19312	Plan Administrator	$1,225
NFP RETIREMENT INC2+ years Filed as: NFP INSURANCE SERVICES Service code 55 1250 CAPITAL OF TEXAS HIGHWAY S · AUSTIN, TX 78746	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
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

$450

$3 / participant

Other / not subdivided$450100.0%

% of EOY assets

0.004%

all-in expense ratio

Categories reported

0 / 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: CAPPELLETTI PINTER & COMPANY, P.C.
Auditor EIN: 232648568
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,096

$60,165+8.2%

$74,184-12.3%

$55,167+18.0%

Participation rate

99.4%

74.2%+25.3pp

76.6%+22.8pp

69.0%+30.4pp

Annual return

5.56%

10.00%-4.4pp

17.74%-12.2pp

169.23%-163.7pp

Employer contribution / active EE

$1,131

$1,600-29.3%

$2,370-52.3%

$1,963-42.4%

Participant deferral / active EE

$2,817

$2,973-5.2%

$3,550-20.6%

$3,054-7.8%

Admin fee / account holder

$419-99.4%

$5,586-100.0%

$504-99.5%

Provider

Service type

Compensation

NATIONWIDE2+ years

Filed as: NATIONWIDE LIFE INSURANCE CO

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$32,163

TYCOR BENEFIT ADMINISTRATORS, INC.2+ years

Service code 14

850 CASSATT ROAD · BERWYN, PA 19312

Plan Administrator

$1,225

NFP RETIREMENT INC2+ years

Filed as: NFP INSURANCE SERVICES

Service code 55

1250 CAPITAL OF TEXAS HIGHWAY S · AUSTIN, TX 78746

Other Commissions

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