Retirement plan

VELOCITY ADVISORY GROUP, LLC 401(K) PLAN

Name: VELOCITY ADVISORY GROUP, LLC - VELOCITY ADVISORY GROUP, LLC 401(K) PLAN (2018) Form 5500
Creator: VELOCITY ADVISORY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VELOCITY ADVISORY GROUP, LLC 401(K) PLAN, VELOCITY ADVISORY GROUP, LLC

VELOCITY ADVISORY GROUP, LLCEIN 46-1386377Plan #001PY 2018

321 CREEK CROSSING LANE - CHESTER SPRINGS, PA 19425347-547-5187velocityadvisorygroup.comLinkedIn11-50 employeesmanagement consulting

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$208K

+2.3% from 2017

Total participants

+16.7% from 2017

Average account balance

$41,638

+22.8% from 2017

Annual return

-8.44%

-22.30 pp from 2017

Benchmarks

See 116,757 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort116,757 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.45M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$262K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1154

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$30K

$4994 / participant

Other / not subdivided$30K100.0%

% of EOY assets

14.394%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,638

$138,075-69.8%

$123,552-66.3%

$135,379-69.2%

Participation rate

66.7%

84.7%-18.1pp

82.3%-15.6pp

82.6%-16.0pp

Annual return

-8.44%

153.70%-162.1pp

119.20%-127.6pp

519.79%-528.2pp

Employer contribution / active EE

$1,825

$5,152-64.6%

$4,628-60.6%

$4,779-61.8%

Participant deferral / active EE

$6,748

$6,800-0.8%

$6,426+5.0%

$5,609+20.3%

Admin fee / account holder

$5,993

$10,917-45.1%

$9,285-35.4%

$10,828-44.7%

VELOCITY ADVISORY GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VELOCITY ADVISORY GROUP, 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