Retirement plan

VERITAS MANAGEMENT GROUP 401(K) PLAN

Name: VERITAS MANAGEMENT GROUP, LLC - VERITAS MANAGEMENT GROUP 401(K) PLAN (2017) Form 5500
Creator: VERITAS MANAGEMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERITAS MANAGEMENT GROUP 401(K) PLAN, VERITAS MANAGEMENT GROUP, LLC

VERITAS MANAGEMENT GROUP, LLCEIN 27-2876769Plan #001PY 2017

3490 CENTENNIAL BLVD - COLORADO SPRINGS, CO 80907719-522-2000veritasmg.comLinkedIn11-50 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

+61.1% from 2016

Total participants

1,028

+35.4% from 2016

Average account balance

$21,018

+30.1% from 2016

Annual return

30.35%

+30.35 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.52M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

699

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.

20.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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
PROFESSIONAL CAPITAL SERVICES, LLC1 year Filed as: PROFESSIONAL CAPITAL SERVICES Service code 13 · EIN 23-3038464	Contract Administrator	$27,523
QUANTUM ENERGY1 year Filed as: QUANTUM WEALTH Service code 27 90 SOUTH CASCADE 10TH FLOOR · COLORADO SPRINGS, CO 80903	Advisory (Plan)	$19,065
BRINKER CAPITAL1 year Filed as: BRINKER CAPITAL, INC Service code 28 · EIN 22-2799756	Investment Management	$11,439

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$30K

$30 / participant

Investment mgmt$22K72.3%
Contract admin$7K22.7%
Other / not subdivided$1K5.0%

% of EOY assets

0.580%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STOCKMAN KAST RYAN & CO., LLP
Auditor EIN: 841509584
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,018

$44,989-53.3%

$170,439-87.7%

$77,958-73.0%

Participation rate

22.1%

64.6%-42.5pp

83.6%-61.5pp

71.6%-49.5pp

Annual return

30.35%

19.61%+10.7pp

205.94%-175.6pp

20.87%+9.5pp

Employer contribution / active EE

$408

$1,466-72.2%

$5,433-92.5%

$2,310-82.3%

Participant deferral / active EE

$806

$2,208-63.5%

$4,939-83.7%

$3,537-77.2%

Admin fee / account holder

$122

$69+76.8%

$13,881-99.1%

$97+25.2%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC1 year

Filed as: PROFESSIONAL CAPITAL SERVICES

Service code 13 · EIN 23-3038464

Contract Administrator

$27,523

QUANTUM ENERGY1 year

Filed as: QUANTUM WEALTH

Service code 27

90 SOUTH CASCADE 10TH FLOOR · COLORADO SPRINGS, CO 80903

Advisory (Plan)

$19,065

BRINKER CAPITAL1 year

Filed as: BRINKER CAPITAL, INC

Service code 28 · EIN 22-2799756

Investment Management

$11,439

VERITAS MANAGEMENT GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERITAS MANAGEMENT GROUP 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