Retirement plan

VALLEY CITY LINEN, INC. RETIREMENT SAVINGS PLAN

Name: VALLEY CITY LINEN, INC. - VALLEY CITY LINEN, INC. RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: VALLEY CITY LINEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALLEY CITY LINEN, INC. RETIREMENT SAVINGS PLAN, VALLEY CITY LINEN, INC.

VALLEY CITY LINEN, INC.EIN 38-1449314Plan #001PY 2017

10 DIAMOND AVENUE SE - GRAND RAPIDS, MI 495061456616-459-6922vcl.comLinkedIn51-200 employeesindividual & family services

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+9.2% from 2016

Total participants

174

+14.5% from 2016

Average account balance

$66,084

+18.0% from 2016

Annual return

12.56%

+5.80 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.11M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

31.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$181K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5582

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 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$9,773
EPIC RETIREMENT PLAN SERVICES2 years Filed as: KDP RETIREMENT PLAN SERVICES INC Service code 13	Contract Administrator	$2,090
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASAACHUTSETTS MUTUAL LIFE INS. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$710
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: KDP RETIREMENT PLAN SERVICES, INC. Service code 13 · EIN 38-3478073	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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$710

$4 / participant

Contract admin$710100.0%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

1 / 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: DOLINKA, VANNOORD & CO., PLLP
Auditor EIN: 382426290
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,084

$50,637+30.5%

$86,582-23.7%

$62,293+6.1%

Participation rate

30.4%

67.9%-37.5pp

73.5%-43.1pp

69.5%-39.1pp

Annual return

12.56%

20.80%-8.2pp

965.08%-952.5pp

28.90%-16.3pp

Employer contribution / active EE

$365

$2,075-82.4%

$2,839-87.2%

$2,042-82.1%

Participant deferral / active EE

$1,031

$2,611-60.5%

$3,609-71.4%

$3,169-67.5%

Admin fee / account holder

$11

$413-97.2%

$4,904-99.8%

$479-97.6%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$9,773

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: KDP RETIREMENT PLAN SERVICES INC

Service code 13

Contract Administrator

$2,090

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASAACHUTSETTS MUTUAL LIFE INS.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$710

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: KDP RETIREMENT PLAN SERVICES, INC.

Service code 13 · EIN 38-3478073

Contract Administrator

VALLEY CITY LINEN, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALLEY CITY LINEN, INC. RETIREMENT SAVINGS 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