Retirement plan

ROANOKE VALLEY CONVENTION AND VISITORS BUREAU 401(K) PROFIT SHARING PLAN &

Name: ROANOKE VALLEY CONVENTION AND VISITORS BUREAU DBA VISIT VIRGINIA'S BLU - ROANOKE VALLEY CONVENTION AND VISITORS BUREAU 401(K) PROFIT SHARING PLAN & (2024) Form 5500
Creator: ROANOKE VALLEY CONVENTION AND VISITORS BUREAU DBA VISIT VIRGINIA'S BLU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROANOKE VALLEY CONVENTION AND VISITORS BUREAU 401(K) PROFIT SHARING PLAN &, ROANOKE VALLEY CONVENTION AND VISITORS BUREAU DBA VISIT VIRGINIA'S BLU

ROANOKE VALLEY CONVENTION AND VISITORS BUREAU DBA VISIT VIRGINIA'S BLUEIN 54-1520963Plan #002PY 2024

101 SHENANDOAH AVE. NE - ROANOKE, VA 240162044540-342-6025

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+14.0% from 2023

Total participants

-6.3% from 2023

Average account balance

$75,338

+22.2% from 2023

Annual return

15.57%

-3.04 pp from 2023

Benchmarks

See 49,949 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.36M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

107.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$168K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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)

$1694

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 codes2E2F2G2J2T3D

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$183K

$14057 / participant

Other / not subdivided$183K100.0%

% of EOY assets

17.326%

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

$75,338

$88,754-15.1%

$81,820-7.9%

$145,877-48.4%

Participation rate

92.3%

75.1%+17.2pp

72.4%+19.9pp

80.3%+12.0pp

Annual return

15.57%

1031.77%-1016.2pp

777.93%-762.4pp

551.28%-535.7pp

Employer contribution / active EE

$4,015

$3,085+30.1%

$2,915+37.7%

$4,663-13.9%

Participant deferral / active EE

$7,722

$4,648+66.1%

$4,323+78.6%

$6,691+15.4%

Admin fee / account holder

$13,053

$8,424+55.0%

$7,391+76.6%

$13,402-2.6%

ROANOKE VALLEY CONVENTION AND VISITORS BUREAU 401(K) PROFIT SHARING PLAN &

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROANOKE VALLEY CONVENTION AND VISITORS BUREAU 401(K) PROFIT SHARING 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