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 (2020) 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 2020

2600 W GERONIMO PLACE, SUITE 100 - CHANDLER, AZ 85224480-993-2650

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$304.2M

+153.8% from 2019

Total participants

18,827

+73.8% from 2019

Average account balance

$37,161

+11.0% from 2019

Annual return

148.85%

-602.17 pp from 2019

Benchmarks

See 47 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort47 peers

Snapshot2020

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

See the 6-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION2+ years Service code 15 · EIN 65-0608221	Recordkeeping	$692,405
METZ & ASSOCIATES PLLC1 year Filed as: METZ & ASSOCIATES, PLLC Service code 10 · EIN 46-4558541	Accounting	$124,500
SLAVIC INTEGRATED ADMINISTRATION2+ years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP. Service code 28 · EIN 59-2749576	Investment Management	$107,254

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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

$924K

$60 / participant

Investment mgmt$107K11.6%
Contract admin$692K74.9%
Other / not subdivided$125K13.5%

% of EOY assets

0.304%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: METZ & ASSOCIATES, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,161

$36,321+2.3%

$89,391-58.4%

$106,222-65.0%

Participation rate

30.6%

29.8%+0.8pp

68.0%-37.4pp

70.8%-40.2pp

Annual return

148.85%

24.00%+124.9pp

245.62%-96.8pp

21.69%+127.2pp

Employer contribution / active EE

$351

$507-30.7%

$2,586-86.4%

$2,723-87.1%

Participant deferral / active EE

$933

$1,286-27.5%

$3,890-76.0%

$4,600-79.7%

Admin fee / account holder

$113

$78+45.1%

$4,881-97.7%

$78+44.0%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION2+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$692,405

METZ & ASSOCIATES PLLC1 year

Filed as: METZ & ASSOCIATES, PLLC

Service code 10 · EIN 46-4558541

Accounting

$124,500

SLAVIC INTEGRATED ADMINISTRATION2+ years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP.

Service code 28 · EIN 59-2749576

Investment Management

$107,254

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