Retirement plan

VIZANCE, INC. 401(K) PROFIT SHARING PLAN

Name: VIZANCE, INC. - VIZANCE, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: VIZANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIZANCE, INC. 401(K) PROFIT SHARING PLAN, VIZANCE, INC.

VIZANCE, INC.EIN 39-1309381Plan #001PY 2023

1320 WALNUT RIDGE DRIVE, SUITE 200 - HARTLAND, WI 53029262-367-8611vizance.comLinkedIn51-200 employeesinsurance

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.3M

+26.3% from 2022

Total participants

219

+3.3% from 2022

Average account balance

$77,454

+17.9% from 2022

Annual return

18.33%

+32.83 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.58M

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.

285

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+28.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$61,692
WOODBURY FINANCIAL SERVICES5 years Filed as: WOODBURY FINANCIAL SERVICES, INC. Service code 55	Other Commissions	$31,156
BLUE CHIP RETIREMENT PLANS, INC.5 years Service code 13	Contract Administrator	$10,000
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: COTA STREET INVESTMENT MANAGEMENT Service code 28 24 E. COTA STREET · SANTA BARBARA, CA 93101	Investment Management	$7,859
PENSIONMARK FINANCIAL GROUP LLC2 years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 24 E. COTA STREET · SANTA BARBARA, CA 93101	Advisory (Plan)	$7,798
BLUE CHIP RETIREMENT PLANS, INC.2 years Filed as: BLUE CHIP RETIREMENT PLANS INC. Service code 13 6737 W. WASHINGTON ST. · MILWAUKEE, WI 53214	Contract Administrator	$2,475
WOODBURY FINANCIAL SERVICES2 years Filed as: WOODBURY FINANCIAL SERVICES INC Service code 55 7755 3RD ST N · OAKDALE, MN 55128	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

$79K

$446 / participant

Contract admin$79K100.0%

% of EOY assets

0.521%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: QUANDT BERNDT COMPANY
Auditor EIN: 812478088
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,454

$130,294-40.6%

$170,043-54.5%

$71,511+8.3%

Participation rate

87.6%

86.2%+1.5pp

87.0%+0.6pp

67.9%+19.7pp

Annual return

18.33%

20.36%-2.0pp

53.40%-35.1pp

28.86%-10.5pp

Employer contribution / active EE

$3,223

$4,385-26.5%

$6,790-52.5%

$2,589+24.5%

Participant deferral / active EE

$7,445

$6,928+7.5%

$10,410-28.5%

$4,291+73.5%

Admin fee / account holder

$403

$966-58.3%

$12,824-96.9%

$1,588-74.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$61,692

WOODBURY FINANCIAL SERVICES5 years

Filed as: WOODBURY FINANCIAL SERVICES, INC.

Service code 55

Other Commissions

$31,156

BLUE CHIP RETIREMENT PLANS, INC.5 years

Service code 13

Contract Administrator

$10,000

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: COTA STREET INVESTMENT MANAGEMENT

Service code 28

24 E. COTA STREET · SANTA BARBARA, CA 93101

Investment Management

$7,859

PENSIONMARK FINANCIAL GROUP LLC2 years

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27

24 E. COTA STREET · SANTA BARBARA, CA 93101

Advisory (Plan)

$7,798

BLUE CHIP RETIREMENT PLANS, INC.2 years

Filed as: BLUE CHIP RETIREMENT PLANS INC.

Service code 13

6737 W. WASHINGTON ST. · MILWAUKEE, WI 53214

Contract Administrator

$2,475

WOODBURY FINANCIAL SERVICES2 years

Filed as: WOODBURY FINANCIAL SERVICES INC

Service code 55

7755 3RD ST N · OAKDALE, MN 55128

Other Commissions

VIZANCE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIZANCE, 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