Retirement plan

VERTEX EDUCATION, LLC 401(K) PLAN

Name: VERTEX EDUCATION, LLC - VERTEX EDUCATION, LLC 401(K) PLAN (2023) Form 5500
Creator: VERTEX EDUCATION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERTEX EDUCATION, LLC 401(K) PLAN, VERTEX EDUCATION, LLC

VERTEX EDUCATION, LLCEIN 45-5589598Plan #001PY 2023

3125 S GILBERT ROAD - CHANDLER, AZ 85286480-270-5438vertexeducation.comLinkedIn201-500 employeeseducation management

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.6M

+24.5% from 2022

Total participants

256

+5.3% from 2022

Average account balance

$47,119

+19.0% from 2022

Annual return

22.48%

+36.83 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.89M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

238

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.

71.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+39.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$31,105
LPL FINANCIAL1 year Service code 27 · EIN 04-3046611	Advisory (Plan)	$6,181
MID-ATLANTIC PENSION SPECIALISTS4 years Filed as: MID-ATLANTIC PENSION SPECIALISTS, I Service code 13 · EIN 23-2776666	Contract Administrator	$5,663

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$29K

$138 / participant

Recordkeeping$18K59.7%
Investment mgmt$6K21.1%
Contract admin$6K19.3%

% of EOY assets

0.342%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,119

$65,582-28.2%

$64,099-26.5%

$71,495-34.1%

Participation rate

65.3%

73.2%-7.9pp

72.3%-7.1pp

67.9%-2.7pp

Annual return

22.48%

18.96%+3.5pp

33.70%-11.2pp

28.85%-6.4pp

Employer contribution / active EE

$3,413

$2,671+27.8%

$2,748+24.2%

$2,589+31.8%

Participant deferral / active EE

$4,841

$3,628+33.4%

$3,881+24.7%

$4,291+12.8%

Admin fee / account holder

$161

$616-73.8%

$3,070-94.7%

$1,588-89.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$31,105

LPL FINANCIAL1 year

Service code 27 · EIN 04-3046611

Advisory (Plan)

$6,181

MID-ATLANTIC PENSION SPECIALISTS4 years

Filed as: MID-ATLANTIC PENSION SPECIALISTS, I

Service code 13 · EIN 23-2776666

Contract Administrator

$5,663

VERTEX EDUCATION, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERTEX EDUCATION, LLC 401(K) 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