Retirement plan

VIRGINIA SYSTEMS AND TECHNOLOGY, INC. RETIREMENT PLAN

Name: VIRGINIA SYSTEMS AND TECHNOLOGY/ VAST - VIRGINIA SYSTEMS AND TECHNOLOGY, INC. RETIREMENT PLAN (2022) Form 5500
Creator: VIRGINIA SYSTEMS AND TECHNOLOGY/ VAST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRGINIA SYSTEMS AND TECHNOLOGY, INC. RETIREMENT PLAN, VIRGINIA SYSTEMS AND TECHNOLOGY/ VAST

VIRGINIA SYSTEMS AND TECHNOLOGY/ VASTEIN 54-1954990Plan #002PY 2022

6801 KENNEDY RD. SUITE 301 - WARRENTON, VA 20187540-359-7550vast-inc.comLinkedIn51-200 employeesdefense & space

Other plans on this EIN

1 filing

#003Retirement-$47.2M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$39.3M

-17.3% from 2021

Total participants

316

+7.1% from 2021

Average account balance

$124,331

-22.8% from 2021

Annual return

-20.73%

-49.74 pp from 2021

Benchmarks

See 5,988 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,988 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.12M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

324

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+18.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,450
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$3,750

Plan features & details

Pension benefit codes2E2F2G2J2T3D2R

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$61 / participant

Investment mgmt$8K69.3%
Other / not subdivided$4K30.7%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BEHRENS & BANKS, P.C.
Auditor EIN: 541556200
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,331

$84,482+47.2%

$125,363-0.8%

$66,930+85.8%

Participation rate

100.0%

76.4%+23.6pp

82.4%+17.6pp

69.8%+30.2pp

Annual return

-20.73%

-8.49%-12.2pp

572.15%-592.9pp

1.57%-22.3pp

Employer contribution / active EE

$11,674

$3,553+228.6%

$4,815+142.5%

$2,545+358.7%

Participant deferral / active EE

$7,640

$6,782+12.7%

$7,447+2.6%

$4,238+80.3%

Admin fee / account holder

$39

$685-94.4%

$10,005-99.6%

$593-93.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,450

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$3,750

VIRGINIA SYSTEMS AND TECHNOLOGY, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA SYSTEMS AND TECHNOLOGY, INC. 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