Retirement plan

VERSO RETIREMENT SAVINGS PLAN FOR BARGAINED EMPLOYEES

Name: VERSO CORPORATION - VERSO RETIREMENT SAVINGS PLAN FOR BARGAINED EMPLOYEES (2019) Form 5500
Creator: VERSO CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERSO RETIREMENT SAVINGS PLAN FOR BARGAINED EMPLOYEES, VERSO CORPORATION

VERSO CORPORATIONEIN 75-3217389Plan #006PY 2019

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

Other plans on this EIN

2 filings

#005Retirement-$1.20B assets #001Retirement-$534.0M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$428.8M

+9.3% from 2018

Total participants

2,774

-0.1% from 2018

Average account balance

$156,227

-18.8% from 2018

Annual return

20.10%

-19.14 pp from 2018

Benchmarks

See 383 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort383 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$315.02M

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

1,621

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$332

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$607,287
STEPHENS INC1 year Service code 16 · EIN 71-0641478	Consulting	$99,108
D & G ADVISORY GROUP LLC3+ years Service code 16 · EIN 38-3040374	Consulting	$24,495
CLARK, SCHAEFER, HACKETT & CO.1 year Filed as: CLARK SCHAEFER HACKETT & CO Service code 10 · EIN 31-0800053	Accounting	$16,341
CHARLES SCHWAB & CO., INC.3+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$1,807
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2R2S2T3H

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.
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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$749K

$427 / participant

Investment mgmt$124K16.5%
Other / not subdivided$625K83.5%

% of EOY assets

0.175%

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: CLARK SCHAEFER HACKETT & COMPANY
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,227

$96,403+62.1%

$93,621+66.9%

$77,775+100.9%

Participation rate

98.3%

87.6%+10.7pp

75.8%+22.5pp

73.2%+25.1pp

Annual return

20.10%

39.36%-19.3pp

32.76%-12.7pp

32.58%-12.5pp

Employer contribution / active EE

$7,096

$3,616+96.3%

$2,719+161.0%

$2,504+183.4%

Participant deferral / active EE

$9,636

$5,341+80.4%

$4,070+136.8%

$3,966+143.0%

Admin fee / account holder

$273

$90+204.9%

$7,890-96.5%

$100+172.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$607,287

STEPHENS INC1 year

Service code 16 · EIN 71-0641478

Consulting

$99,108

D & G ADVISORY GROUP LLC3+ years

Service code 16 · EIN 38-3040374

Consulting

$24,495

CLARK, SCHAEFER, HACKETT & CO.1 year

Filed as: CLARK SCHAEFER HACKETT & CO

Service code 10 · EIN 31-0800053

Accounting

$16,341

CHARLES SCHWAB & CO., INC.3+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$1,807

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

VERSO RETIREMENT SAVINGS PLAN FOR BARGAINED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERSO RETIREMENT SAVINGS PLAN FOR BARGAINED 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