Retirement plan

VENGROFF WILLIAMS, INC. 401(K) PROFIT SHARING PLAN

Name: VENGROFF WILLIAMS, INC. - VENGROFF WILLIAMS, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: VENGROFF WILLIAMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VENGROFF WILLIAMS, INC. 401(K) PROFIT SHARING PLAN, VENGROFF WILLIAMS, INC.

VENGROFF WILLIAMS, INC.EIN 45-2973113Plan #001PY 2024

2211 FRUITVILLE RD - SARASOTA, FL 34237941-363-5226LinkedIn501-1000 employeesfinancial services

Prospect flagsLow returnsHigh feesLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$34K

-99.4% from 2023

Total participants

-94.4% from 2023

Average account balance

$1,999

-91.3% from 2023

Annual return

-79.30%

-95.70 pp from 2023

Benchmarks

See 19,410 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort19,410 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-40.89%

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

0 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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE CO.OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,276
EISNERAMPER LLP1 year Service code 10 PO BOX 360635 · PITTSBURGH, PA 152516635	Accounting	$20,475
BATES & COMPANY, INC.7 years Filed as: BATES & COMPANY INC. Service code 13 · EIN 59-3465757 1201 S. ORLANDO AVE STE. 202 · WINTER PARK, FL 327890000	Contract Administrator	$19,659
RAYMOND JAMES FINANCIAL SERVICES7 years Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 27 880 CARILLON PKWY · ST PETERSBURG, FL 33716	Advisory (Plan)	$11,535
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,888
BATES & COMPANY, INC.3 years Service code 13	Contract Administrator	$3,678

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

5 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$89K

$6831 / participant

Recordkeeping$35K39.7%
Investment mgmt$15K17.4%
Contract admin$18K19.9%
Other / not subdivided$20K23.1%

% of EOY assets

261.337%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: $20,475
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,999

$100,073-98.0%

$85,126-97.7%

$145,877-98.6%

Participation rate

100.0%

74.1%+25.9pp

67.5%+32.5pp

80.3%+19.7pp

Annual return

-79.30%

84.11%-163.4pp

66.63%-145.9pp

551.28%-630.6pp

Employer contribution / active EE

$3,236-100.0%

$2,731-100.0%

$4,663-100.0%

Participant deferral / active EE

$11,289

$5,294+113.2%

$4,523+149.6%

$6,691+68.7%

Admin fee / account holder

$5,224

$7,261-28.1%

$6,160-15.2%

$13,402-61.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE CO.OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,276

EISNERAMPER LLP1 year

Service code 10

PO BOX 360635 · PITTSBURGH, PA 152516635

Accounting

$20,475

BATES & COMPANY, INC.7 years

Filed as: BATES & COMPANY INC.

Service code 13 · EIN 59-3465757

1201 S. ORLANDO AVE STE. 202 · WINTER PARK, FL 327890000

Contract Administrator

$19,659

RAYMOND JAMES FINANCIAL SERVICES7 years

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 27

880 CARILLON PKWY · ST PETERSBURG, FL 33716

Advisory (Plan)

$11,535

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,888

BATES & COMPANY, INC.3 years

Service code 13

Contract Administrator

$3,678

VENGROFF WILLIAMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VENGROFF WILLIAMS, 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