Retirement plan

VIRGINIA TAM INSURANCE AGENCY, INC. RETIREMENT

Name: VIRGINIA TAM INSURANCE AGENCY, INC. - VIRGINIA TAM INSURANCE AGENCY, INC. RETIREMENT (2024) Form 5500
Creator: VIRGINIA TAM INSURANCE AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRGINIA TAM INSURANCE AGENCY, INC. RETIREMENT, VIRGINIA TAM INSURANCE AGENCY, INC.

VIRGINIA TAM INSURANCE AGENCY, INC.EIN 74-3051821Plan #001PY 2024

833 CORPORATE WAY. - FREMONT, CA 94539510-683-3883vtam4u.comLinkedIn11-50 employeesinsurance

Other plans on this EIN

1 filing

#002Retirement-$1.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+13.8% from 2023

Total participants

0.0% from 2023

Average account balance

$114,871

+13.8% from 2023

Annual return

13.16%

-3.94 pp from 2023

Benchmarks

See 37,087 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,087 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.95M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

212.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

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

+13.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3272

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 codes2E2G2J3D

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.
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

$56K

$6954 / participant

Other / not subdivided$56K100.0%

% of EOY assets

2.849%

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

$114,871

$201,372-43.0%

$184,260-37.7%

$145,884-21.3%

Participation rate

87.5%

87.5%0pp

86.8%+0.7pp

80.3%+7.2pp

Annual return

13.16%

29.04%-15.9pp

28.84%-15.7pp

551.85%-538.7pp

Employer contribution / active EE

$4,577

$7,024-34.8%

$6,427-28.8%

$4,662-1.8%

Participant deferral / active EE

$3,813

$9,808-61.1%

$9,133-58.3%

$6,690-43.0%

Admin fee / account holder

$3,272

$16,362-80.0%

$13,898-76.5%

$13,392-75.6%

VIRGINIA TAM INSURANCE AGENCY, INC. RETIREMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA TAM INSURANCE AGENCY, INC. RETIREMENT

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