Retirement plan

VANTAGE CREDIT UNION 401K PROFIT SHARING PLAN AND TRUST

Name: VANTAGE CREDIT UNION - VANTAGE CREDIT UNION 401K PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: VANTAGE CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VANTAGE CREDIT UNION 401K PROFIT SHARING PLAN AND TRUST, VANTAGE CREDIT UNION

VANTAGE CREDIT UNIONEIN 43-0739854Plan #003PY 2017

4020 FEE FEE RD - BRIDGETON, MO 630442708314-298-0022vcu.comLinkedIn201-500 employeesfinancial services

Other plans on this EIN

1 filing

#002Retirement-$20.4M assets

Prospect flagsLow employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed July 28, 2022

Plan administrator

Plan administrator name— Sign in and upgrade to view

19 Research Park Court

St. Charles, MO 63304

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Supplemental Executive Retirement Plan5 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$11.7M

+4.2% from 2016

Total participants

257

-8.5% from 2016

Average account balance

$50,490

+16.3% from 2016

Annual return

22.27%

+15.62 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.24M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

261

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.

75.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

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

+40.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
EKON BENEFITS3+ years Service code 15 · EIN 43-1317863 4940 WASHINGTON BLVD · ST. LOUIS, MO 63108	Recordkeeping	$20,855

Plan features & details

Pension benefit codes2E2G2J2F2K3D

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STEPHEN LANG & ASSOCIATES, LLC
Auditor EIN: 431590323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,490

$89,739-43.7%

$149,721-66.3%

$62,293-18.9%

Participation rate

88.0%

85.1%+2.9pp

87.1%+0.9pp

69.5%+18.4pp

Annual return

22.27%

21.01%+1.3pp

1501.67%-1479.4pp

28.90%-6.6pp

Employer contribution / active EE

$698

$3,233-78.4%

$5,444-87.2%

$2,042-65.8%

Participant deferral / active EE

$2,324

$4,797-51.5%

$6,568-64.6%

$3,169-26.7%

Admin fee / account holder

$551-100.0%

$11,282-100.0%

$479-100.0%

Provider

Service type

Compensation

EKON BENEFITS3+ years

Service code 15 · EIN 43-1317863

4940 WASHINGTON BLVD · ST. LOUIS, MO 63108

Recordkeeping

$20,855

VANTAGE CREDIT UNION 401K PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

VANTAGE CREDIT UNION 401K PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion