Retirement plan

VENSURE EMPLOYER SERVICES, INC. 401(K) PROFIT SHARING PLAN

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

VENSURE EMPLOYER SERVICES, INC.EIN 37-1508469Plan #001PY 2024

1475 S. PRICE ROAD - CHANDLER, AZ 85286480-993-2650

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$982.5M

+23.2% from 2023

Total participants

42,571

-1.8% from 2023

Average account balance

$37,662

+9.3% from 2023

Annual return

20.12%

-0.31 pp from 2023

Benchmarks

See 56 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort56 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$982.49M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

26,087

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.

45.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+20.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION6+ years Service code 15 · EIN 65-0608221	Recordkeeping	$3,592,144
SLAVIC INTEGRATED ADMINISTRATION6+ years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP. Service code 28 · EIN 59-2749576	Investment Management	$690,225
VENSURE EMPLOYER SERVICES, INC.1 year Service code 13 · EIN 37-1508469	Contract Administrator	$204,265
METZ & ASSOCIATES PLLC5 years Filed as: METZ & ASSOCIATES, PLLC Service code 10 · EIN 46-4558541	Accounting	$18,500

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D2V

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4.5M

$148 / participant

Investment mgmt$690K15.3%
Contract admin$4M84.3%
Other / not subdivided$19K0.4%

% of EOY assets

0.459%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: METZ CPA, PLLC
Auditor EIN: 464558541
Audit fees: $18,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,662

$42,127-10.6%

$84,966-55.7%

$106,382-64.6%

Participation rate

45.7%

36.6%+9.2pp

67.5%-21.8pp

69.9%-24.1pp

Annual return

20.12%

36.21%-16.1pp

66.38%-46.3pp

17.37%+2.7pp

Employer contribution / active EE

$1,398

$825+69.4%

$2,727-48.8%

$3,364-58.4%

Participant deferral / active EE

$3,518

$2,066+70.3%

$4,519-22.1%

$5,569-36.8%

Admin fee / account holder

$173

$114+52.1%

$6,149-97.2%

$79+118.0%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION6+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$3,592,144

SLAVIC INTEGRATED ADMINISTRATION6+ years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP.

Service code 28 · EIN 59-2749576

Investment Management

$690,225

VENSURE EMPLOYER SERVICES, INC.1 year

Service code 13 · EIN 37-1508469

Contract Administrator

$204,265

METZ & ASSOCIATES PLLC5 years

Filed as: METZ & ASSOCIATES, PLLC

Service code 10 · EIN 46-4558541

Accounting

$18,500

VENSURE EMPLOYER SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VENSURE EMPLOYER SERVICES, 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