Retirement plan

VALSOURCE, INC. 401(K) PLAN

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

VALSOURCE, INC.EIN 23-2855010Plan #002PY 2024

918 HORSESHOE PIKE - DOWNINGTOWN, PA 19355610-269-2808valsource.comLinkedIn201-500 employeespharmaceuticals

Other plans on this EIN

1 filing

#001Retirement-$46.9M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$43.5M

+15.3% from 2023

Total participants

302

+29.6% from 2023

Average account balance

$145,575

-10.1% from 2023

Annual return

16.05%

-2.37 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.53M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

299

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$434

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
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICES LLC Service code 27 29 SAWYER ROAD · WALTHAM, MA 024533483	Advisory (Plan)	$73,211
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$38,909
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC Service code 13 701 WEST CHESTERE AVE · WHITE PLAINS, NY 10604	Contract Administrator	$24,786

Plan features & details

Pension benefit codes2F2G2J2S2T3D3H

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$130K

$486 / participant

Recordkeeping$105K80.9%
Contract admin$25K19.1%

% of EOY assets

0.298%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JULIAN SUR, CPA
Auditor EIN: 262480255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,575

$106,264+37.0%

$147,117-1.0%

$77,762+87.2%

Participation rate

98.9%

78.4%+20.5pp

82.2%+16.7pp

70.6%+28.3pp

Annual return

16.05%

56.94%-40.9pp

420.54%-404.5pp

31.27%-15.2pp

Employer contribution / active EE

$164

$4,074-96.0%

$4,932-96.7%

$2,728-94.0%

Participant deferral / active EE

$9,426

$8,003+17.8%

$8,065+16.9%

$4,651+102.7%

Admin fee / account holder

$434

$334+29.9%

$12,993-96.7%

$433+0.3%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICES LLC

Service code 27

29 SAWYER ROAD · WALTHAM, MA 024533483

Advisory (Plan)

$73,211

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$38,909

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICES INC

Service code 13

701 WEST CHESTERE AVE · WHITE PLAINS, NY 10604

Contract Administrator

$24,786

VALSOURCE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALSOURCE, INC. 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