Retirement plan

VIGO IMPORTING COMPANY PROFIT SHARING PLAN

Name: VIGO IMPORTING COMPANY - VIGO IMPORTING COMPANY PROFIT SHARING PLAN (2020) Form 5500
Creator: VIGO IMPORTING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIGO IMPORTING COMPANY PROFIT SHARING PLAN, VIGO IMPORTING COMPANY

VIGO IMPORTING COMPANYEIN 59-1050797Plan #001PY 2020

4701 W. COMANCHE - TAMPA, FL 33614813-884-3491vigo-alessi.comLinkedIn51-200 employeesfood production

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.4M

+20.4% from 2019

Total participants

226

+6.1% from 2019

Average account balance

$91,300

+15.0% from 2019

Annual return

19.92%

-3.07 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.03M

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.

238

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$866K

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

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1160

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH Service code 65 · EIN 13-5674085 250 VESLEY STREET · NEW YORK, NY 10281	Account Maintenance	$164,325
UBS FINANCIAL SERVICES INC6+ years Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166 1285 AVE OF THE AMERICAS · NEW YORK, NY 10019	Advisory (Plan)	$119,408
PRIDA, GUIDA & PEREZ, P.A.3 years Service code 10 · EIN 59-1978917 1106 N FRANKLIN STREET · TAMPA, FL 33602	Accounting	$31,800
ASCENSUS LLC6+ years Filed as: ASCENSUS Service code 11 · EIN 59-2250280 508 W. FLETCHER AVENUE · TAMPA, FL 33612	Actuarial	$4,140

Plan features & details

Pension benefit codes2E2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.

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

$320K

$1737 / participant

Investment mgmt$284K88.8%
Other / not subdivided$36K11.2%

% of EOY assets

1.570%

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: PRIDA GUIDA & PEREZ, PA
Auditor EIN: 591978917
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,300

$54,590+67.2%

$81,726+11.7%

$73,497+24.2%

Participation rate

98.4%

68.3%+30.1pp

72.0%+26.4pp

70.7%+27.7pp

Annual return

19.92%

17.74%+2.2pp

29.49%-9.6pp

28.51%-8.6pp

Employer contribution / active EE

$4,084

$1,636+149.6%

$4,311-5.3%

$2,270+79.9%

Participant deferral / active EE

$2,759-100.0%

$7,108-100.0%

$3,740-100.0%

Admin fee / account holder

$1,434

$592+142.1%

$5,160-72.2%

$513+179.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH

Service code 65 · EIN 13-5674085

250 VESLEY STREET · NEW YORK, NY 10281

Account Maintenance

$164,325

UBS FINANCIAL SERVICES INC6+ years

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

1285 AVE OF THE AMERICAS · NEW YORK, NY 10019

Advisory (Plan)

$119,408

PRIDA, GUIDA & PEREZ, P.A.3 years

Service code 10 · EIN 59-1978917

1106 N FRANKLIN STREET · TAMPA, FL 33602

Accounting

$31,800

ASCENSUS LLC6+ years

Filed as: ASCENSUS

Service code 11 · EIN 59-2250280

508 W. FLETCHER AVENUE · TAMPA, FL 33612

Actuarial

$4,140

VIGO IMPORTING COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIGO IMPORTING COMPANY 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