Retirement plan

VAN DAELE DEVELOPMENT CORPORATION 401(K) PLAN

Name: VAN DAELE DEVELOPMENT CORPORATION - VAN DAELE DEVELOPMENT CORPORATION 401(K) PLAN (2020) Form 5500
Creator: VAN DAELE DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VAN DAELE DEVELOPMENT CORPORATION 401(K) PLAN, VAN DAELE DEVELOPMENT CORPORATION

VAN DAELE DEVELOPMENT CORPORATIONEIN 33-0234063Plan #002PY 2020

2900 ADAMS ST., SUITE C-25 - RIVERSIDE, CA 92504951-354-2121LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$642K assets

Prospect flagsHigh feesRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

+15.4% from 2019

Total participants

117

+1.7% from 2019

Average account balance

$66,812

No prior year

Annual return

14.96%

-5.45 pp from 2019

Benchmarks

See 118 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort118 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.76M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

146.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$587K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45536

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

Top 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 315 DEADERICK ST, 5TH FLOOR · NASHVILLE, TN 37238	Advisory (Plan)	$25,736
PENTEGRA SERVICES, INC.3 years Filed as: PENTEGRA SERVICES INC. Service code 13 · EIN 13-3745616 6830 COMMERCE CT. DR. · BLACKLICK, OH 43004	Contract Administrator	$7,814
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,618

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$39K

$396 / participant

Investment mgmt$7K16.9%
Contract admin$8K19.9%
Other / not subdivided$25K63.2%

% of EOY assets

0.519%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,812

$201,594-66.9%

$101,275-34.0%

Participation rate

96.0%

64.6%+31.4pp

75.8%+20.2pp

Annual return

14.96%

13.55%+1.4pp

46.48%-31.5pp

Employer contribution / active EE

$950

$2,288-58.5%

$3,660-74.0%

Participant deferral / active EE

$6,388

$3,091+106.7%

$4,371+46.2%

Admin fee / account holder

$347

$7,709-95.5%

$5,948-94.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27

315 DEADERICK ST, 5TH FLOOR · NASHVILLE, TN 37238

Advisory (Plan)

$25,736

PENTEGRA SERVICES, INC.3 years

Filed as: PENTEGRA SERVICES INC.

Service code 13 · EIN 13-3745616

6830 COMMERCE CT. DR. · BLACKLICK, OH 43004

Contract Administrator

$7,814

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,618

VAN DAELE DEVELOPMENT CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VAN DAELE DEVELOPMENT CORPORATION 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