Retirement plan

VIRGINIA INTEGRATED COMMUNICATION, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: VIRGINIA INTEGRATED COMMUNICATION, INC. - VIRGINIA INTEGRATED COMMUNICATION, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2021) Form 5500
Creator: VIRGINIA INTEGRATED COMMUNICATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRGINIA INTEGRATED COMMUNICATION, INC. EMPLOYEE STOCK OWNERSHIP PLAN, VIRGINIA INTEGRATED COMMUNICATION, INC.

VIRGINIA INTEGRATED COMMUNICATION, INC.EIN 54-2049304Plan #002PY 2021

5361 CLEVELAND STREET - VIRGINIA BEACH, VA 23462757-490-7777

Other plans on this EIN

1 filing

#001Retirement-$3.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+34.6% from 2020

Total participants

+4.8% from 2020

Average account balance

$50,899

+28.4% from 2020

Annual return

31.27%

-195.90 pp from 2020

Benchmarks

See 3,026 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,026 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.97M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$260K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+28.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2264

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 codes2I2P2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$26K

$440 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.786%

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

$50,899

$77,145-34.0%

$108,410-53.0%

$85,856-40.7%

Participation rate

100.0%

74.7%+25.3pp

80.1%+19.9pp

69.3%+30.7pp

Annual return

31.27%

44.54%-13.3pp

905.34%-874.1pp

318.58%-287.3pp

Employer contribution / active EE

$1,701

$2,379-28.5%

$3,558-52.2%

$2,565-33.7%

Participant deferral / active EE

$5,566-100.0%

$6,562-100.0%

$3,952-100.0%

Admin fee / account holder

$400

$5,172-92.3%

$7,296-94.5%

$6,261-93.6%

VIRGINIA INTEGRATED COMMUNICATION, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA INTEGRATED COMMUNICATION, INC. EMPLOYEE STOCK OWNERSHIP 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