Retirement plan

VAN NESS FELDMAN EMPLOYEES RETIREMENT PLAN

Name: VAN NESS FELDMAN, LLP - VAN NESS FELDMAN EMPLOYEES RETIREMENT PLAN (2020) Form 5500
Creator: VAN NESS FELDMAN, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VAN NESS FELDMAN EMPLOYEES RETIREMENT PLAN, VAN NESS FELDMAN, LLP

VAN NESS FELDMAN, LLPEIN 52-1154904Plan #001PY 2020

1050 THOMAS JEFFERSON STREET, NW - WASHINGTON, DC 20007202-298-1944vnf.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$81.3M

+14.4% from 2019

Total participants

244

+2.5% from 2019

Average account balance

$333,038

+9.2% from 2019

Annual return

15.82%

-4.97 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.32M

Not enough data

1 years with asset history on file

Average account balance

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

$391K

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.

218

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Participant communication; Float reve...	$68,024
ADEPTUS PARTNERS LLC3 years Service code 10 · EIN 20-1835208	Accounting	$15,000
CHARLES SCHWAB & CO., INC.5 years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$192
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$88K

$631 / participant

Other / not subdivided$88K100.0%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

0 / 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: ADEPTUS PARTNERS, LLC
Auditor EIN: 201835208
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$333,038

$99,957+233.2%

$149,730+122.4%

$73,493+353.2%

Participation rate

100.0%

75.7%+24.3pp

82.5%+17.5pp

70.7%+29.3pp

Annual return

15.82%

53.87%-38.1pp

276.70%-260.9pp

28.51%-12.7pp

Employer contribution / active EE

$5,585

$3,191+75.0%

$4,645+20.2%

$2,270+146.0%

Participant deferral / active EE

$15,228

$6,073+150.8%

$6,843+122.5%

$3,740+307.2%

Admin fee / account holder

$359

$551-34.7%

$9,310-96.1%

$513-29.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Participant communication; Float reve...

$68,024

ADEPTUS PARTNERS LLC3 years

Service code 10 · EIN 20-1835208

Accounting

$15,000

CHARLES SCHWAB & CO., INC.5 years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$192

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

VAN NESS FELDMAN EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VAN NESS FELDMAN EMPLOYEES RETIREMENT 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