Retirement plan

VETTER EQUIPMENT COMPANY INC 401(K) PROFIT SHARING TRUST

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

VETTER EQUIPMENT COMPANY INCEIN 42-1149934Plan #001PY 2023

PO BOX 7190 - OVERLAND PARK, KS 66207913-648-5526

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.8M

-3.8% from 2022

Total participants

176

+1.7% from 2022

Average account balance

$74,683

-6.3% from 2022

Annual return

4.12%

+21.45 pp from 2022

Benchmarks

See 2,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,285 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.55M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

173

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+27.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$380

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 6 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP2 years Filed as: AMERITAS ADVISORY SERVICES, LLC Service code 27 5900 O STREET · LINCOLN, NE 68501	Advisory (Plan)	$23,472
EQUIPMENT DEALER CONSULTING, LLC2 years Service code 10 10100 N AMBASSADOR DR. STE 310 · KANSAS CITY, MO 64153	Accounting	$14,813
TFB ADVISORS, LLC1 year Service code 27 · EIN 88-2289092	Advisory (Plan)	$14,620
NATIONWIDE3 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$11,564
LEAFHOUSE FINANCIAL ADVISORS, LLC3 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 28 6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730	Investment Management	$2,358
TAX FAVORED BENEFITS, INC.3 years Service code 13 4801 W. 110TH ST. STE 200 · OVERLAND PARK, KS 66211	Contract Administrator	$1,875

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

3 tripped

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

$57K

$369 / participant

Contract admin$57K100.0%

% of EOY assets

0.485%

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: EQUIPMENT DEALERS CONSULTING, LLC
Auditor EIN: 431446880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,683

$54,717+36.5%

$86,216-13.4%

$71,511+4.4%

Participation rate

88.4%

60.1%+28.3pp

69.0%+19.4pp

67.9%+20.5pp

Annual return

4.12%

20.07%-15.9pp

1169.42%-1165.3pp

28.86%-24.7pp

Employer contribution / active EE

$1,975

$1,267+55.9%

$2,382-17.1%

$2,589-23.7%

Participant deferral / active EE

$4,407

$3,110+41.7%

$3,986+10.6%

$4,291+2.7%

Admin fee / account holder

$362

$1,922-81.2%

$6,853-94.7%

$1,588-77.2%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP2 years

Filed as: AMERITAS ADVISORY SERVICES, LLC

Service code 27

5900 O STREET · LINCOLN, NE 68501

Advisory (Plan)

$23,472

EQUIPMENT DEALER CONSULTING, LLC2 years

Service code 10

10100 N AMBASSADOR DR. STE 310 · KANSAS CITY, MO 64153

Accounting

$14,813

TFB ADVISORS, LLC1 year

Service code 27 · EIN 88-2289092

Advisory (Plan)

$14,620

NATIONWIDE3 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$11,564

LEAFHOUSE FINANCIAL ADVISORS, LLC3 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 28

6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730

Investment Management

$2,358

TAX FAVORED BENEFITS, INC.3 years

Service code 13

4801 W. 110TH ST. STE 200 · OVERLAND PARK, KS 66211

Contract Administrator

$1,875

VETTER EQUIPMENT COMPANY INC 401(K) PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VETTER EQUIPMENT COMPANY INC 401(K) PROFIT SHARING TRUST

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