Retirement plan

VASKO ELECTRIC, INC. 401(K) PROFIT SHARING PLAN

Name: VASKO ELECTRIC, INC. - VASKO ELECTRIC, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: VASKO ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VASKO ELECTRIC, INC. 401(K) PROFIT SHARING PLAN, VASKO ELECTRIC, INC.

VASKO ELECTRIC, INC.EIN 68-0053400Plan #001PY 2021

4300 ASTORIA STREET - SACRAMENTO, CA 95838916-568-7700vasko.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.5M

+41.5% from 2020

Total participants

143

-8.3% from 2020

Average account balance

$95,655

+46.5% from 2020

Annual return

38.06%

+44.21 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.37M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

178

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+5.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$585

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 1 by compensation

Provider	Service type	Compensation
DAN DARCHUCK5 years Service code 27 · EIN 27-1265090 30 RAGSDALE DR. SUITE 100 · MONTEREY, CA 939407811	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2H2J2K3D2F2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$45K

$487 / participant

Investment mgmt$45K100.0%

% of EOY assets

0.336%

all-in expense ratio

Categories reported

1 / 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: BFBA, LLP
Auditor EIN: 680000424
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,655

$78,670+21.6%

$109,173-12.4%

$85,847+11.4%

Participation rate

97.8%

68.3%+29.6pp

75.9%+22.0pp

69.3%+28.5pp

Annual return

38.06%

25.09%+13.0pp

25.75%+12.3pp

318.61%-280.6pp

Employer contribution / active EE

$9,843

$2,734+260.0%

$3,723+164.4%

$2,565+283.7%

Participant deferral / active EE

$4,999

$3,467+44.2%

$4,654+7.4%

$3,952+26.5%

Admin fee / account holder

$321

$5,469-94.1%

$6,755-95.2%

$6,261-94.9%

Provider

Service type

Compensation

DAN DARCHUCK5 years

Service code 27 · EIN 27-1265090

30 RAGSDALE DR. SUITE 100 · MONTEREY, CA 939407811

Advisory (Plan)

VASKO ELECTRIC, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VASKO ELECTRIC, INC. 401(K) 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