Retirement plan

VALCO 401(K) PLAN

Name: VALLORBS JEWEL COMPANY - VALCO 401(K) PLAN (2021) Form 5500
Creator: VALLORBS JEWEL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALCO 401(K) PLAN, VALLORBS JEWEL COMPANY

VALLORBS JEWEL COMPANYEIN 23-2192273Plan #001PY 2021

2710 DIVISION HIGHWAY - NEW HOLLAND, PA 17557717-354-4586vallorbs.comLinkedIn51-200 employeesmachinery

Other plans on this EIN

2 filings

#003Retirement-$1.4M assets #002Retirement--

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$13.4M

+8.5% from 2020

Total participants

232

+10.5% from 2020

Average account balance

$69,035

+5.1% from 2020

Annual return

14.26%

-1.47 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

$16.67M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

228

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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 10 of 15 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS7+ years Service code 15 · EIN 23-3037647	Recordkeeping	$75,726
CALVERT4 years Filed as: CALVERT RESEARCH AND Service code 28 4550 MONTGOMERY AVE. SUITE 1000N. · BETHESDA, MD 20814	Investment Management	$0
CALVERT4 years Filed as: CALVERT RESEARCH AND MANAGEMENT Service code 28	Investment Management	$0
FEDERATED3 years Filed as: FEDERATED HERMES Service code 28 · EIN 25-1111467	Investment Management	$0
FEDERATED3 years Filed as: FEDERATED INVESTMENT MANAGEMENT COM Service code 28	Investment Management	$0
GOLDMAN SACHS4 years Filed as: GOLDMAN SACHS ASSET , L.P. Service code 28 · EIN 13-4019460	Investment Management	$0
GOLDMAN SACHS4 years Filed as: GOLDMAN SACHS ASSET MANAGEMENT, L.P Service code 28	Investment Management	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN INVESTMENT INC Service code 28 · EIN 13-2624428	Investment Management	$0
JP MORGAN INVESTMENT MANAGEMENT INC3 years Service code 28	Investment Management	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS FINANCIAL SERVICES CO Service code 28 PO BOX 55824 · BOSTON, MA 02205	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$76K

$396 / participant

Contract admin$76K100.0%

% of EOY assets

0.565%

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: WALZ GROUP
Auditor EIN: 232489722
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,035

$84,936-18.7%

$111,308-38.0%

$79,391-13.0%

Participation rate

80.1%

75.9%+4.3pp

77.3%+2.8pp

70.7%+9.4pp

Annual return

14.26%

17.45%-3.2pp

54.67%-40.4pp

116.88%-102.6pp

Employer contribution / active EE

$1,399

$1,979-29.3%

$2,732-48.8%

$2,428-42.4%

Participant deferral / active EE

$3,569

$3,888-8.2%

$4,487-20.5%

$4,046-11.8%

Admin fee / account holder

$390

$537-27.3%

$7,965-95.1%

$627-37.7%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS7+ years

Service code 15 · EIN 23-3037647

Recordkeeping

$75,726

CALVERT4 years

Filed as: CALVERT RESEARCH AND

Service code 28

4550 MONTGOMERY AVE. SUITE 1000N. · BETHESDA, MD 20814

Investment Management

CALVERT4 years

Filed as: CALVERT RESEARCH AND MANAGEMENT

Service code 28

Investment Management

FEDERATED3 years

Filed as: FEDERATED HERMES

Service code 28 · EIN 25-1111467

Investment Management

FEDERATED3 years

Filed as: FEDERATED INVESTMENT MANAGEMENT COM

Service code 28

Investment Management

GOLDMAN SACHS4 years

Filed as: GOLDMAN SACHS ASSET , L.P.

Service code 28 · EIN 13-4019460

Investment Management

GOLDMAN SACHS4 years

Filed as: GOLDMAN SACHS ASSET MANAGEMENT, L.P

Service code 28

Investment Management

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN INVESTMENT INC

Service code 28 · EIN 13-2624428

Investment Management

JP MORGAN INVESTMENT MANAGEMENT INC3 years

Service code 28

Investment Management

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS FINANCIAL SERVICES CO

Service code 28

PO BOX 55824 · BOSTON, MA 02205

Investment Management

VALCO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALCO 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