Retirement plan

VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED 401(K) PROFIT SHARING PLAN

Name: VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED - VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED 401(K) PROFIT SHARING PLAN, VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED

VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITEDEIN 27-1338096Plan #001PY 2019

200 1ST AVENUE - CRANSTON, RI 02910401-667-7870

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$122K

+208.1% from 2018

Total participants

+25.0% from 2018

Average account balance

$8,712

+54.0% from 2018

Annual return

34.58%

+34.58 pp from 2018

Benchmarks

See 21,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,381 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$529K

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

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.

47.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5093

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

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.
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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,712

$103,387-91.6%

$87,102-90.0%

$152,885-94.3%

Participation rate

70.0%

79.4%-9.4pp

76.9%-6.9pp

82.5%-12.5pp

Annual return

34.58%

28.10%+6.5pp

28.19%+6.4pp

345.39%-310.8pp

Employer contribution / active EE

$1,086

$3,221-66.3%

$2,521-56.9%

$4,763-77.2%

Participant deferral / active EE

$2,348

$4,778-50.9%

$4,048-42.0%

$5,851-59.9%

Admin fee / account holder

$12,193-100.0%

$7,491-100.0%

$11,598-100.0%

VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

VEMALINE PRODUCTS, INC. DBA HANDLES UNLIMITED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion