Retirement plan

VARI CORPORATION 401(K) PLAN

Name: VARI CORPORATION - VARI CORPORATION 401(K) PLAN (2019) 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 2019

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$14.9M

+17.0% from 2018

Total participants

201

+2.6% from 2018

Average account balance

$74,825

+13.5% from 2018

Annual return

17.89%

+21.84 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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 LLC3 years Filed as: KESTRA INVESTMENT SERVICES Service code 55 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Other Commissions	$42,067
NATIONWIDE5+ years Filed as: NATIONWIDE LIFE INSURANCE CO Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$18,675
TYCOR BENEFIT ADMINISTRATORS, INC.5+ years Service code 14 850 CASSATT ROAD · BERWYN, PA 19312	Plan Administrator	$7,981

Plan features & details

Pension benefit codes2E2F2H2J3D3H2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$46K

$248 / participant

Investment mgmt$46K100.0%

% of EOY assets

0.307%

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: CAPPELLETTI PINTER & COMPANY, PC
Auditor EIN: 232648568
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,825

$65,378+14.5%

$87,103-14.1%

$65,186+14.8%

Participation rate

98.9%

75.3%+23.6pp

76.9%+22.0pp

70.2%+28.7pp

Annual return

17.89%

31.28%-13.4pp

28.19%-10.3pp

29.39%-11.5pp

Employer contribution / active EE

$1,196

$1,823-34.4%

$2,521-52.5%

$2,177-45.0%

Participant deferral / active EE

$3,238

$3,389-4.5%

$4,049-20.0%

$3,514-7.9%

Admin fee / account holder

$229

$520-55.9%

$7,491-96.9%

$847-72.9%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA INVESTMENT SERVICES

Service code 55

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Other Commissions

$42,067

NATIONWIDE5+ years

Filed as: NATIONWIDE LIFE INSURANCE CO

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$18,675

TYCOR BENEFIT ADMINISTRATORS, INC.5+ years

Service code 14

850 CASSATT ROAD · BERWYN, PA 19312

Plan Administrator

$7,981

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