Retirement plan

VISTEX, INC. 401(K) PROFIT SHARING PLAN

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

VISTEX, INC.EIN 36-4278759Plan #001PY 2024

2300 BARRINGTON ROAD, STE. 700 - HOFFMAN ESTATES, IL 60169847-490-0420vistex.comLinkedIn1001-5000 employeescomputer software

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$49.3M

+16.5% from 2023

Total participants

449

-3.2% from 2023

Average account balance

$121,942

+15.7% from 2023

Annual return

16.18%

-10.14 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.26M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

404

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.

87.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$613

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY/EMPOWER INS Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$88,007
FIDUCIARY FINANCIAL PARTNERS, LLC9 years Filed as: FIDUCIARY FINANCIAL PARTNERS LLC Service code 27 1250 E DIEHL ROAD · NAPERVILLE, IL 60563	Advisory (Plan)	$44,947
CARNOW AND ASSOCIATES, LTD.7 years Filed as: CARNOW AND ASSOCIATES, LTD Service code 13 2201 WAUKEGAN ROAD · BANNOCKBURN, IL 60015	Contract Administrator	$40,161

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$248K

$692 / participant

Recordkeeping$68K27.4%
Investment mgmt$65K26.3%
Contract admin$40K16.2%
Other / not subdivided$75K30.1%

% of EOY assets

0.503%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,942

$106,230+14.8%

$147,080-17.1%

$77,736+56.9%

Participation rate

87.4%

78.4%+9.0pp

82.2%+5.2pp

70.6%+16.8pp

Annual return

16.18%

56.91%-40.7pp

420.17%-404.0pp

31.26%-15.1pp

Employer contribution / active EE

$4,216

$4,072+3.5%

$4,933-14.5%

$2,728+54.6%

Participant deferral / active EE

$10,583

$8,001+32.3%

$8,066+31.2%

$4,651+127.6%

Admin fee / account holder

$613

$338+81.2%

$12,989-95.3%

$433+41.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY/EMPOWER INS

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$88,007

FIDUCIARY FINANCIAL PARTNERS, LLC9 years

Filed as: FIDUCIARY FINANCIAL PARTNERS LLC

Service code 27

1250 E DIEHL ROAD · NAPERVILLE, IL 60563

Advisory (Plan)

$44,947

CARNOW AND ASSOCIATES, LTD.7 years

Filed as: CARNOW AND ASSOCIATES, LTD

Service code 13

2201 WAUKEGAN ROAD · BANNOCKBURN, IL 60015

Contract Administrator

$40,161

VISTEX, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VISTEX, INC. 401(K) PROFIT SHARING 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