Retirement plan

VERMEER SOUTHEAST SALES & SERVICE, INC. EMPLOYEES PROFIT SHARING PLAN

Name: VERMEER SOUTHEAST SALES & SERVICE, INC. - VERMEER SOUTHEAST SALES & SERVICE, INC. EMPLOYEES PROFIT SHARING PLAN (2016) Form 5500
Creator: VERMEER SOUTHEAST SALES & SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERMEER SOUTHEAST SALES & SERVICE, INC. EMPLOYEES PROFIT SHARING PLAN, VERMEER SOUTHEAST SALES & SERVICE, INC.

VERMEER SOUTHEAST SALES & SERVICE, INC.EIN 59-1156297Plan #001PY 2016

4401 VINELAND ROAD, SUITE A15 - ORLANDO, FL 328117215407-648-1145LinkedIn1-10 employees

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed December 29, 2020

Plan administrator

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4401 Vineland Rd, Suite A15

Orlando, FL 32811

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Plans declared (1)

VERMEER SOUTHEAST SALES & SERVICE, INC. STOCK APPRECIATION RIGHT PLAN3 emp

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Total assets (EOY)

$12.3M

+14.5% from 2015

Total participants

120

+7.1% from 2015

Average account balance

$104,844

+3.8% from 2015

Annual return

6.62%

+7.61 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.61M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

292

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$365

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969	Claims processing; Direct payment fro...	$29,941
LAMCO ADVISORY SERVICES2+ years Filed as: LAMCO ADVISORY SERVICES, INC. Service code 26 · EIN 05-0462357	Advisory (Participants)	$28,004
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Claims processing; Custodial (securit...	$5,722

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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

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

$53K

$520 / participant

Investment mgmt$28K52.8%
Contract admin$25K47.2%
Other / not subdivided$70.0%

% of EOY assets

0.432%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: VESTAL & WILER CPAS
Auditor EIN: 593198021
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,844

$42,546+146.4%

$71,796+46.0%

$55,167+90.0%

Participation rate

97.1%

59.1%+37.9pp

69.1%+27.9pp

69.0%+28.1pp

Annual return

6.62%

12.36%-5.7pp

78.04%-71.4pp

169.23%-162.6pp

Employer contribution / active EE

$4,284

$803+433.2%

$1,924+122.6%

$1,963+118.3%

Participant deferral / active EE

$4,795

$2,064+132.3%

$2,794+71.6%

$3,054+57.0%

Admin fee / account holder

$453

$650-30.2%

$4,815-90.6%

$504-10.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 12 · EIN 27-2037969

Claims processing; Direct payment fro...

$29,941

LAMCO ADVISORY SERVICES2+ years

Filed as: LAMCO ADVISORY SERVICES, INC.

Service code 26 · EIN 05-0462357

Advisory (Participants)

$28,004

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

Claims processing; Custodial (securit...

$5,722

VERMEER SOUTHEAST SALES & SERVICE, INC. EMPLOYEES PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERMEER SOUTHEAST SALES & SERVICE, INC. EMPLOYEES PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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