Retirement plan

VTI ELECTRIC CO., INC. 401(K) PLAN

Name: VTI ELECTRIC CO., INC. - VTI ELECTRIC CO., INC. 401(K) PLAN (2021) Form 5500
Creator: VTI ELECTRIC CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VTI ELECTRIC CO., INC. 401(K) PLAN, VTI ELECTRIC CO., INC.

VTI ELECTRIC CO., INC.EIN 81-2295138Plan #001PY 2021

5030 FLEMING AVE - LORAIN, OH 44055440-225-9786

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$26K

No prior year

Total participants

No prior year

Average account balance

$3,247

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,525 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,525 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-0.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J2F2G3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$65

$8 / participant

Other / not subdivided$65100.0%

% of EOY assets

0.250%

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

$3,247

$114,237-97.2%

$119,258-97.3%

$167,536-98.1%

Participation rate

100.0%

83.7%+16.3pp

82.7%+17.3pp

82.1%+17.9pp

Annual return

0.00%

29.87%-29.9pp

30.69%-30.7pp

478.82%-478.8pp

Employer contribution / active EE

$628

$4,481-86.0%

$4,384-85.7%

$4,839-87.0%

Participant deferral / active EE

$2,529

$6,084-58.4%

$6,111-58.6%

$6,342-60.1%

Admin fee / account holder

$8,932-99.9%

$7,226-99.9%

$12,315-99.9%

VTI ELECTRIC CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VTI ELECTRIC CO., INC. 401(K) PLAN

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