Retirement plan

PETERSON BROTHERS RETIREMENT PLAN

Name: VERT MARKETS, INC. - PETERSON BROTHERS RETIREMENT PLAN (2017) Form 5500
Creator: VERT MARKETS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETERSON BROTHERS RETIREMENT PLAN, VERT MARKETS, INC.

VERT MARKETS, INC.EIN 82-0548255Plan #001PY 2017

5340 FRYLING ROAD, SUITE 300 - ERIE, PA 16510814-897-9000

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.9M

No prior year

Total participants

117

No prior year

Average account balance

$226,285

No prior year

Annual return

18.81%

No prior year

Benchmarks

See 2,903 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort2,903 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.73M

Not enough data

1 years with asset history on file

Average account balance

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

$336K

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.

136

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$625

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 3 by compensation

Provider	Service type	Compensation
NORTHWEST BANK1+ years Service code 21 · EIN 23-2790930 1030 STATE STREET · ERIE, PA 16501	Bank Trustee	$47,307
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: BOETGER & ASSOCIATES, INC. Service code 15 · EIN 25-1809719 3 HOLLAND ST · ERIE, PA 16507	Recordkeeping	$7,088
SCHAFFNER, KNIGHT, MINNAUGH & CO1+ years Filed as: SCHAFFNER, KNIGHT, MINNAUGH & CO PC Service code 10 · EIN 25-1690617 1545 WEST 38TH ST · ERIE, PA 16508	Accounting	$6,950

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

1 tripped

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

$61K

$675 / participant

Other / not subdivided$61K100.0%

% of EOY assets

0.247%

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: SCHAFFNER KNIGHT MINNAUGH & CO PC
Auditor EIN: 251690617
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$226,285

$64,359+251.6%

$90,161+151.0%

$70,126+222.7%

Participation rate

92.3%

70.4%+21.9pp

76.9%+15.4pp

69.5%+22.8pp

Annual return

18.81%

28.13%-9.3pp

34.89%-16.1pp

73.15%-54.3pp

Employer contribution / active EE

$5,269

$2,046+157.6%

$3,318+58.8%

$2,343+124.9%

Participant deferral / active EE

$7,291

$4,389+66.1%

$5,287+37.9%

$3,332+118.8%

Admin fee / account holder

$559

$3,945-85.8%

$5,943-90.6%

$4,645-88.0%

Provider

Service type

Compensation

NORTHWEST BANK1+ years

Service code 21 · EIN 23-2790930

1030 STATE STREET · ERIE, PA 16501

Bank Trustee

$47,307

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: BOETGER & ASSOCIATES, INC.

Service code 15 · EIN 25-1809719

3 HOLLAND ST · ERIE, PA 16507

Recordkeeping

$7,088

SCHAFFNER, KNIGHT, MINNAUGH & CO1+ years

Filed as: SCHAFFNER, KNIGHT, MINNAUGH & CO PC

Service code 10 · EIN 25-1690617

1545 WEST 38TH ST · ERIE, PA 16508

Accounting

$6,950

PETERSON BROTHERS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETERSON BROTHERS RETIREMENT 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