Retirement plan

VERSO CORPORATION RETIREMENT SAVINGS PLAN FOR NON UNION EMPLOYEES

Name: VERSO CORPORATION - VERSO CORPORATION RETIREMENT SAVINGS PLAN FOR NON UNION EMPLOYEES (2021) Form 5500
Creator: VERSO CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERSO CORPORATION RETIREMENT SAVINGS PLAN FOR NON UNION EMPLOYEES, VERSO CORPORATION

VERSO CORPORATIONEIN 75-3217389Plan #001PY 2021

8540 GANDER CREEK DRIVE - MIAMISBURG, OH 45342937-528-3608

Other plans on this EIN

2 filings

#005Retirement-$1.25B assets #006Retirement-$346.2M assets

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$366.1M

+11.1% from 2016

Total participants

1,668

+18.6% from 2016

Average account balance

$220,439

-3.9% from 2016

Annual return

12.20%

-5.45 pp from 2016

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$360.22M

Not enough data

1 years with asset history on file

Average account balance

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

$275K

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.

1,309

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$417

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 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6 years Service code 12 · EIN 13-3689044	Claims processing; Recordkeeping and ...	$348,987
STEPHENS INC3 years Service code 16 · EIN 71-0641478	Consulting	$93,776
D & G ADVISORY GROUP LLC5 years Service code 16 · EIN 38-3040374	Consulting	$69,950
LENNY YEH, INC.5 years Filed as: LENNY KISIN DBA Service code 16 415 N MCKINLEY ST · LITTLE AR, AR 72205	Consulting	$12,361
CLARK, SCHAEFER, HACKETT & CO.3 years Filed as: CLARK SCHAEFER HACKETT & COMPANY Service code 10 · EIN 31-0800053	Accounting	$8,000
FISHER INVESTMENTS1 year Service code 16 · EIN 20-2480800	Consulting	$6,437
CHARLES SCHWAB & CO., INC.4 years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$705
NATIONAL FINANCIAL SERVICES6 years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T3D3H

Plan features

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$541K

$664 / participant

Investment mgmt$183K33.9%
Other / not subdivided$358K66.1%

% of EOY assets

0.148%

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: CLARK, SCHAEFER, HACKETT & CO
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,439

$93,131+136.7%

$106,554+106.9%

$86,828+153.9%

Participation rate

99.1%

81.4%+17.7pp

76.1%+23.0pp

72.3%+26.8pp

Annual return

12.20%

19.45%-7.3pp

26.80%-14.6pp

97.95%-85.7pp

Employer contribution / active EE

$8,766

$2,895+202.8%

$2,819+210.9%

$2,406+264.3%

Participant deferral / active EE

$11,837

$4,708+151.4%

$4,398+169.1%

$4,132+186.5%

Admin fee / account holder

$326

$145+124.4%

$7,408-95.6%

$170+92.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Service code 12 · EIN 13-3689044

Claims processing; Recordkeeping and ...

$348,987

STEPHENS INC3 years

Service code 16 · EIN 71-0641478

Consulting

$93,776

D & G ADVISORY GROUP LLC5 years

Service code 16 · EIN 38-3040374

Consulting

$69,950

LENNY YEH, INC.5 years

Filed as: LENNY KISIN DBA

Service code 16

415 N MCKINLEY ST · LITTLE AR, AR 72205

Consulting

$12,361

CLARK, SCHAEFER, HACKETT & CO.3 years

Filed as: CLARK SCHAEFER HACKETT & COMPANY

Service code 10 · EIN 31-0800053

Accounting

$8,000

FISHER INVESTMENTS1 year

Service code 16 · EIN 20-2480800

Consulting

$6,437

CHARLES SCHWAB & CO., INC.4 years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$705

NATIONAL FINANCIAL SERVICES6 years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

VERSO CORPORATION RETIREMENT SAVINGS PLAN FOR NON UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERSO CORPORATION RETIREMENT SAVINGS PLAN FOR NON UNION EMPLOYEES

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