Retirement plan

VOLK ENTERPRISES, INC./SAFETY TODAY 401(K) PLAN AND TRUST

Name: VOLK ENTERPRISES, INC. - VOLK ENTERPRISES, INC./SAFETY TODAY 401(K) PLAN AND TRUST (2018) Form 5500
Creator: VOLK ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VOLK ENTERPRISES, INC./SAFETY TODAY 401(K) PLAN AND TRUST, VOLK ENTERPRISES, INC.

VOLK ENTERPRISES, INC.EIN 77-0295182Plan #001PY 2018

618 S. KILROY ROAD - TURLOCK, CA 953809519209-656-2700

Prospect flagsLow returnsRecently reached 100 employees

How to read this page

Total assets (EOY)

$8.8M

-13.3% from 2017

Total participants

104

0.0% from 2017

Average account balance

$84,969

-19.1% from 2017

Annual return

-9.28%

-25.10 pp from 2017

Benchmarks

See 14,948 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,948 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.06M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

116

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$592K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3770

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

Top 2 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 13 · EIN 06-1050034	Contract Administrator	$4,086
UBS FINANCIAL SERVICES INC4+ years Filed as: UBS FINANCIAL SERVICES INC. IS BILL Service code 33 · EIN 13-2638166	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$4K

$49 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

0 / 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: PASTENIEKS, BUCHELI & FALASCO, LLP
Auditor EIN: 272863865
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,969

$62,583+35.8%

$76,767+10.7%

$64,173+32.4%

Participation rate

98.8%

72.8%+26.0pp

77.0%+21.9pp

69.6%+29.3pp

Annual return

-9.28%

-1.95%-7.3pp

2.43%-11.7pp

7.63%-16.9pp

Employer contribution / active EE

$1,235

$1,832-32.6%

$2,485-50.3%

$2,381-48.1%

Participant deferral / active EE

$3,535

$3,145+12.4%

$3,852-8.2%

$3,470+1.9%

Admin fee / account holder

$41

$4,667-99.1%

$6,675-99.4%

$4,887-99.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$4,086

UBS FINANCIAL SERVICES INC4+ years

Filed as: UBS FINANCIAL SERVICES INC. IS BILL

Service code 33 · EIN 13-2638166

Securities brokerage commissions and ...

VOLK ENTERPRISES, INC./SAFETY TODAY 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VOLK ENTERPRISES, INC./SAFETY TODAY 401(K) PLAN AND 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