Retirement plan

VELTRI, INC. 401(K) SAVINGS PLAN

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

VELTRI, INC.EIN 25-1493003Plan #001PY 2024

7 NESHAMINY INTERPLEX DRIVE, SUITE 415 - FEASTERVILLE-TREVOSE, PA 19053215-946-6400veltriinc.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.6M

+3.7% from 2023

Total participants

400

+0.8% from 2023

Average account balance

$24,005

+2.9% from 2023

Annual return

12.36%

-1.45 pp from 2023

Benchmarks

See 1,231 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,231 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.58M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

399

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 4 by compensation

Provider	Service type	Compensation
WEALTH MANAGEMENT SYSTEMS INC7 years Filed as: WEALTH ADVISORY GROUP,INC Service code 26 · EIN 23-2739506 1055 WESTLAKES DRIVE, SUITE 130 · BERWYN, PA 19312	Advisory (Participants)	$30,656
THE VANGUARD GROUP, INC.7 years Service code 15 · EIN 23-1945930 100 VANGUARD BOULEVARD · MALVERN, PA 19355	Recordkeeping	$28,357
ATLANTIC PENSION SERVICES, INC.6 years Service code 14 · EIN 23-2942715 511 SCHOOLHOUSE RD · KENNETT SQUARE, PA 19348	Plan Administrator	$15,542
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$60

Plan features & details

Pension benefit codes2A2E2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.

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

$55K

$322 / participant

Contract admin$55K100.0%

% of EOY assets

0.572%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,005

$54,558-56.0%

$76,051-68.4%

$74,400-67.7%

Participation rate

99.4%

60.3%+39.1pp

69.1%+30.3pp

67.2%+32.2pp

Annual return

12.36%

31.83%-19.5pp

360.42%-348.1pp

1367.51%-1355.2pp

Employer contribution / active EE

$4,204

$1,778+136.5%

$2,690+56.3%

$2,624+60.2%

Participant deferral / active EE

$2,009

$3,065-34.5%

$4,257-52.8%

$4,348-53.8%

Admin fee / account holder

$137

$2,232-93.9%

$6,416-97.9%

$1,944-92.9%

Provider

Service type

Compensation

WEALTH MANAGEMENT SYSTEMS INC7 years

Filed as: WEALTH ADVISORY GROUP,INC

Service code 26 · EIN 23-2739506

1055 WESTLAKES DRIVE, SUITE 130 · BERWYN, PA 19312

Advisory (Participants)

$30,656

THE VANGUARD GROUP, INC.7 years

Service code 15 · EIN 23-1945930

100 VANGUARD BOULEVARD · MALVERN, PA 19355

Recordkeeping

$28,357

ATLANTIC PENSION SERVICES, INC.6 years

Service code 14 · EIN 23-2942715

511 SCHOOLHOUSE RD · KENNETT SQUARE, PA 19348

Plan Administrator

$15,542

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$60

VELTRI, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VELTRI, INC. 401(K) SAVINGS 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