Retirement plan

VERIGON, LLC 401(K) PLAN

Name: VERIGON, LLC - VERIGON, LLC 401(K) PLAN (2023) Form 5500
Creator: VERIGON, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERIGON, LLC 401(K) PLAN, VERIGON, LLC

VERIGON, LLCEIN 27-4273763Plan #001PY 2023

1140 W. WARNER RD, SUITE 101 - TEMPE, AZ 85284480-305-5082LinkedIn201-500 employeeselectrical/electronic manufacturing

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$6.6M

+25.7% from 2022

Total participants

332

+19.9% from 2022

Average account balance

$24,097

+7.3% from 2022

Annual return

19.17%

+32.21 pp from 2022

Benchmarks

See 4,138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,138 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.06M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

315

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$169

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
CAMBRIDGE INVESTMENT RESEARCH4 years Filed as: CAMBRIDGE INVESTMENT RESEARCH INC. Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	$18,093
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 OF AMERICA · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,799
LEGACY PROFESSIONALS LLP4 years Filed as: LEGACY PENSIONEERS LLC Service code 13 1820 E RAY RD B105 · CHANDLER, AZ 85225	Contract Administrator	$12,140
PENSION STRATEGIES, LLC7 years Service code 13 2141 E HIGHLAND AVE STE 180 · PHOENIX, AZ 85016	Contract Administrator	$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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$50K

$200 / participant

Contract admin$50K100.0%

% of EOY assets

0.755%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,097

$76,107-68.3%

$96,576-75.0%

$71,495-66.3%

Participation rate

76.2%

74.4%+1.8pp

76.0%+0.2pp

67.9%+8.3pp

Annual return

19.17%

22.81%-3.6pp

25.87%-6.7pp

28.85%-9.7pp

Employer contribution / active EE

$1,162

$2,247-48.3%

$2,965-60.8%

$2,589-55.1%

Participant deferral / active EE

$2,763

$4,218-34.5%

$4,851-43.0%

$4,291-35.6%

Admin fee / account holder

$182

$2,708-93.3%

$8,253-97.8%

$1,588-88.5%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH4 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC.

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

$18,093

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

OF AMERICA · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,799

LEGACY PROFESSIONALS LLP4 years

Filed as: LEGACY PENSIONEERS LLC

Service code 13

1820 E RAY RD B105 · CHANDLER, AZ 85225

Contract Administrator

$12,140

PENSION STRATEGIES, LLC7 years

Service code 13

2141 E HIGHLAND AVE STE 180 · PHOENIX, AZ 85016

Contract Administrator

VERIGON, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERIGON, LLC 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