Retirement plan

VARI CORPORATION 401(K) PLAN

Name: VARI CORPORATION - VARI CORPORATION 401(K) PLAN (2021) 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 2021

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.9M

+3.2% from 2020

Total participants

204

-0.5% from 2020

Average account balance

$79,668

+4.7% from 2020

Annual return

12.34%

-1.20 pp from 2020

Benchmarks

See 4,054 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,054 peers

Snapshot2021

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 LLC5 years Filed as: KESTRA INVESTMENT SERVICES Service code 55 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Other Commissions	$46,541
NATIONWIDE7+ years Filed as: NATIONWIDE LIFE INSURANCE CO Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$21,611
TYCOR BENEFIT ADMINISTRATORS, INC.7+ years Service code 14 850 CASSATT ROAD · BERWYN, PA 19312	Plan Administrator	$9,164

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$51K

$313 / participant

Investment mgmt$51K100.0%

% of EOY assets

0.322%

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

$79,668

$84,936-6.2%

$111,308-28.4%

$79,391+0.3%

Participation rate

96.9%

75.9%+21.1pp

77.3%+19.6pp

70.7%+26.2pp

Annual return

12.34%

17.45%-5.1pp

54.67%-42.3pp

116.88%-104.5pp

Employer contribution / active EE

$1,249

$1,979-36.9%

$2,732-54.3%

$2,428-48.5%

Participant deferral / active EE

$3,374

$3,888-13.2%

$4,487-24.8%

$4,046-16.6%

Admin fee / account holder

$257

$537-52.2%

$7,965-96.8%

$627-59.0%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC5 years

Filed as: KESTRA INVESTMENT SERVICES

Service code 55

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Other Commissions

$46,541

NATIONWIDE7+ years

Filed as: NATIONWIDE LIFE INSURANCE CO

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$21,611

TYCOR BENEFIT ADMINISTRATORS, INC.7+ years

Service code 14

850 CASSATT ROAD · BERWYN, PA 19312

Plan Administrator

$9,164

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