Retirement plan

VAN SKIVER FINANCIAL SERVICES, LLC PROFIT SHARING PLAN AND TRUST

Name: VAN SKIVER FINANCIAL SERVICES, LLC - VAN SKIVER FINANCIAL SERVICES, LLC PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: VAN SKIVER FINANCIAL SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VAN SKIVER FINANCIAL SERVICES, LLC PROFIT SHARING PLAN AND TRUST, VAN SKIVER FINANCIAL SERVICES, LLC

VAN SKIVER FINANCIAL SERVICES, LLCEIN 64-0934357Plan #001PY 2021

P.O. BOX 16468 - JACKSON, MS 392366468601-366-4050

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$319K

+12.3% from 2020

Total participants

0.0% from 2020

Average account balance

$79,653

+12.3% from 2020

Annual return

-5.21%

-21.04 pp from 2020

Benchmarks

See 33,477 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort33,477 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$475K

Not enough data

1 years with asset history on file

Average account balance

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

$158K

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

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$740 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.929%

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

$79,653

$209,840-62.0%

$189,517-58.0%

$167,497-52.4%

Participation rate

100.0%

88.7%+11.3pp

87.8%+12.2pp

82.1%+17.9pp

Annual return

-5.21%

748.35%-753.6pp

555.19%-560.4pp

478.62%-483.8pp

Employer contribution / active EE

$6,643

$6,914-3.9%

$6,162+7.8%

$4,838+37.3%

Participant deferral / active EE

$6,500

$8,935-27.3%

$8,221-20.9%

$6,341+2.5%

Admin fee / account holder

$740

$14,294-94.8%

$12,045-93.9%

$12,310-94.0%

VAN SKIVER FINANCIAL SERVICES, LLC PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VAN SKIVER FINANCIAL SERVICES, LLC PROFIT SHARING PLAN AND TRUST

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