Retirement plan

VACO 401(K) PLAN

Name: VACO - VACO 401(K) PLAN (2019) Form 5500
Creator: VACO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VACO 401(K) PLAN, VACO

VACOEIN 46-0863705Plan #001PY 2019

5501 VIRGINIA WAY, SUITE 120 - BRENTWOOD, TN 37027615-324-8226

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 16, 2019

Plan administrator

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5501 Virginia Way

Brentwood, TN 37027

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Plans declared (1)

Vaco Holdings Deferred Compensation Plan206 emp

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Total assets (EOY)

$49.4M

+46.5% from 2018

Total participants

5,969

+6.2% from 2018

Average account balance

$34,296

+7.0% from 2018

Annual return

31.23%

+34.13 pp from 2018

Benchmarks

See 38 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort38 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$220.25M

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.

4,062

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.

39.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+18.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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

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Service providers

Top 10 of 20 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$243,006
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH PIERCE, FENNER AND SM Service code 27 · EIN 13-5674085	Advisory (Plan)	$81,066
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN CENTURY3 years Service code 52 · EIN 43-1567889	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON Service code 52 · EIN 84-0512589	Indirect Investment Fees	$0
COLUMBIA3 years Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
DELAWARE INVESTMENTS3 years Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0
FEDERATED1 year Service code 52 · EIN 26-1900849	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 13-3867060	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$243K

$43 / participant

Investment mgmt$206K84.7%
Contract admin$37K15.1%
Other / not subdivided$6320.3%

% of EOY assets

0.492%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KRAFTCPAS, LLC
Auditor EIN: 620713250
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,296

$34,813-1.5%

$84,628-59.5%

$82,204-58.3%

Participation rate

20.3%

33.8%-13.6pp

68.2%-48.0pp

73.4%-53.1pp

Annual return

31.23%

44.87%-13.6pp

258.80%-227.6pp

26.31%+4.9pp

Employer contribution / active EE

$718-99.8%

$2,653-99.9%

$2,707-99.9%

Participant deferral / active EE

$1,766

$1,334+32.4%

$3,900-54.7%

$4,246-58.4%

Admin fee / account holder

$169

$107+58.1%

$4,914-96.6%

$76+123.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$243,006

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH PIERCE, FENNER AND SM

Service code 27 · EIN 13-5674085

Advisory (Plan)

$81,066

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN CENTURY3 years

Service code 52 · EIN 43-1567889

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON

Service code 52 · EIN 84-0512589

Indirect Investment Fees

COLUMBIA3 years

Service code 52 · EIN 36-3376651

Indirect Investment Fees

DELAWARE INVESTMENTS3 years

Service code 52 · EIN 23-2450217

Indirect Investment Fees

FEDERATED1 year

Service code 52 · EIN 26-1900849

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 13-3867060

Indirect Investment Fees

VACO 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VACO 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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