Retirement plan

VESTERGAARD FRANDSEN, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: VESTERGAARD FRANDSEN, INC. - VESTERGAARD FRANDSEN, INC. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: VESTERGAARD FRANDSEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VESTERGAARD FRANDSEN, INC. 401(K) PROFIT SHARING PLAN & TRUST, VESTERGAARD FRANDSEN, INC.

VESTERGAARD FRANDSEN, INC.EIN 76-0723839Plan #001PY 2024

333 W. OSTEND STREET, SUITE 300 - BALTIMORE, MD 21230240-605-0273

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.4M

+17.8% from 2023

Total participants

-3.2% from 2023

Average account balance

$87,257

+20.8% from 2023

Annual return

26.02%

+3.56 pp from 2023

Benchmarks

See 8,993 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.40M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$478K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+26.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19145

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 codes2E2F2G2J2T3D

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).
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$747K

$9572 / participant

Other / not subdivided$747K100.0%

% of EOY assets

21.940%

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

$87,257

$101,795-14.3%

$165,100-47.1%

$80,959+7.8%

Participation rate

34.6%

71.8%-37.2pp

78.6%-44.0pp

67.7%-33.1pp

Annual return

26.02%

16.73%+9.3pp

70.21%-44.2pp

35.67%-9.6pp

Employer contribution / active EE

$2,234

$2,954-24.4%

$4,348-48.6%

$2,757-19.0%

Participant deferral / active EE

$3,893

$4,476-13.0%

$6,035-35.5%

$4,300-9.5%

Admin fee / account holder

$19,145

$8,221+132.9%

$12,696+50.8%

$6,925+176.4%

VESTERGAARD FRANDSEN, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VESTERGAARD FRANDSEN, INC. 401(K) PROFIT SHARING PLAN & 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