Retirement plan

VAN NESS FELDMAN EMPLOYEES' RETIREMENT PLAN

Name: VAN NESS FELDMAN, LLP - VAN NESS FELDMAN EMPLOYEES' RETIREMENT PLAN (2024) 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 2024

2000 PENNSYLVANIA AVE. NW, SUITE 6000 - WASHINGTON, DC 20006202-298-1800vnf.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$85.3M

+4.0% from 2023

Total participants

222

0.0% from 2023

Average account balance

$391,387

+5.9% from 2023

Annual return

12.23%

-2.19 pp from 2023

Benchmarks

See 6,290 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,290 peers

Snapshot2024

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 3 by compensation

Provider	Service type	Compensation
ADEPTUS PARTNERS LLC1 year Filed as: ADEPTUS PARTNERS, LLC Service code 10 · EIN 20-1835208	Accounting	$13,000
CHARLES SCHWAB & CO., INC.9 years Service code 33 · EIN 94-1737782	Securities brokerage; Shareholder ser...	$53
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$15K

$108 / participant

Recordkeeping$1K9.4%
Investment mgmt$9896.4%
Other / not subdivided$13K84.2%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ADEPTUS PARTNERS LLC
Auditor EIN: 201835208
Audit fees: $13,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$391,387

$101,539+285.5%

$147,041+166.2%

$74,400+426.1%

Participation rate

97.2%

75.5%+21.7pp

82.2%+15.0pp

67.2%+30.0pp

Annual return

12.23%

8740.84%-8728.6pp

419.21%-407.0pp

1367.51%-1355.3pp

Employer contribution / active EE

$4,676

$3,811+22.7%

$4,935-5.3%

$2,624+78.2%

Participant deferral / active EE

$16,127

$7,304+120.8%

$8,071+99.8%

$4,348+270.9%

Admin fee / account holder

$71

$1,749-96.0%

$13,006-99.5%

$1,944-96.4%

Provider

Service type

Compensation

ADEPTUS PARTNERS LLC1 year

Filed as: ADEPTUS PARTNERS, LLC

Service code 10 · EIN 20-1835208

Accounting

$13,000

CHARLES SCHWAB & CO., INC.9 years

Service code 33 · EIN 94-1737782

Securities brokerage; Shareholder ser...

$53

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

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