Retirement plan

VITALITY MANAGEMENT COMPANY, LLC 401(K) PLAN

Name: VITALITY MANAGEMENT COMPANY, LLC - VITALITY MANAGEMENT COMPANY, LLC 401(K) PLAN (2024) Form 5500
Creator: VITALITY MANAGEMENT COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VITALITY MANAGEMENT COMPANY, LLC 401(K) PLAN, VITALITY MANAGEMENT COMPANY, LLC

VITALITY MANAGEMENT COMPANY, LLCEIN 52-2213940Plan #001PY 2024

120 S. RIVERSIDE PLAZA, SUITE 400 - CHICAGO, IL 60606312-224-7435

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$40.9M

+11.3% from 2023

Total participants

319

-7.0% from 2023

Average account balance

$130,262

+19.1% from 2023

Annual return

14.04%

-9.69 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.90M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

314

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$289

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
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY Service code 26 · EIN 11-3658445	Advisory (Participants)	$46,490
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY GLOBAL BA Service code 27 · EIN 26-4310632	Advisory (Plan)	$46,488
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$44,390

Plan features & details

Pension benefit codes2E2F2G2J2S2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$91K

$445 / participant

Investment mgmt$46K51.2%
Contract admin$44K48.8%

% of EOY assets

0.222%

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: FGMK, LLC
Auditor EIN: 362929601
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,262

$55,437+135.0%

$155,534-16.2%

$74,459+74.9%

Participation rate

97.5%

61.9%+35.7pp

78.2%+19.3pp

67.2%+30.3pp

Annual return

14.04%

269.58%-255.5pp

64.92%-50.9pp

1369.70%-1355.7pp

Employer contribution / active EE

$5,551

$2,266+145.0%

$4,675+18.7%

$2,626+111.4%

Participant deferral / active EE

$12,901

$2,837+354.7%

$5,630+129.1%

$4,350+196.6%

Admin fee / account holder

$289

$1,742-83.4%

$15,900-98.2%

$1,945-85.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY

Service code 26 · EIN 11-3658445

Advisory (Participants)

$46,490

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY GLOBAL BA

Service code 27 · EIN 26-4310632

Advisory (Plan)

$46,488

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$44,390

VITALITY MANAGEMENT COMPANY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VITALITY MANAGEMENT COMPANY, 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