Retirement plan

VECTOR 401(K) PLAN AND TRUST

Name: VECTOR CONSTRUCTION, INC. - VECTOR 401(K) PLAN AND TRUST (2024) Form 5500
Creator: VECTOR CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VECTOR 401(K) PLAN AND TRUST, VECTOR CONSTRUCTION, INC.

VECTOR CONSTRUCTION, INC.EIN 45-0436236Plan #001PY 2024

2504 MAIN AVENUE WEST - WEST FARGO, ND 58078800-665-6680LinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.1M

+11.3% from 2023

Total participants

161

-29.1% from 2023

Average account balance

$52,059

+50.3% from 2023

Annual return

10.10%

-7.98 pp from 2023

Benchmarks

See 18,536 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,536 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.13M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

137

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$681K

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

+10.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$391

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 2 by compensation

Provider	Service type	Compensation
DEFINITI LLC4 years Filed as: DEFINITI Service code 15 · EIN 85-0833363 2201 TIMBERLOCH PLACE · THE WOODLANDS, TX 77380	Recordkeeping	$37,833
WATER VALLEY INVESTMENT ADVISORS, I8 years Service code 26 · EIN 74-2868680 1505 WEDGEFIELD CIR · NAPERVILLE, IL 60563	Advisory (Participants)	$19,979

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$54K

$615 / participant

Recordkeeping$34K62.7%
Investment mgmt$20K37.3%

% of EOY assets

0.751%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JONES, NALE & MATTINGLY PLLC
Auditor EIN: 610420207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,059

$81,476-36.1%

$102,383-49.2%

$80,925-35.7%

Participation rate

72.4%

66.8%+5.6pp

74.5%-2.1pp

67.7%+4.8pp

Annual return

10.10%

25.59%-15.5pp

24.94%-14.8pp

35.65%-25.6pp

Employer contribution / active EE

$2,838

$3,105-8.6%

$3,870-26.7%

$2,756+3.0%

Participant deferral / active EE

$4,994

$3,871+29.0%

$5,060-1.3%

$4,299+16.2%

Admin fee / account holder

$391

$6,717-94.2%

$8,391-95.3%

$6,940-94.4%

Provider

Service type

Compensation

DEFINITI LLC4 years

Filed as: DEFINITI

Service code 15 · EIN 85-0833363

2201 TIMBERLOCH PLACE · THE WOODLANDS, TX 77380

Recordkeeping

$37,833

WATER VALLEY INVESTMENT ADVISORS, I8 years

Service code 26 · EIN 74-2868680

1505 WEDGEFIELD CIR · NAPERVILLE, IL 60563

Advisory (Participants)

$19,979

VECTOR 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VECTOR 401(K) PLAN AND 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