Retirement plan

VRC COMPANIES, LLC 401(K) PROFIT SHARING PLAN

Name: VRC COMPANIES, LLC - VRC COMPANIES, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: VRC COMPANIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VRC COMPANIES, LLC 401(K) PROFIT SHARING PLAN, VRC COMPANIES, LLC

VRC COMPANIES, LLCEIN 82-0796581Plan #001PY 2024

5384 POPLAR AVE, STE 500 - MEMPHIS, TN 381193658901-310-2005LinkedIn1-10 employees

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$21.7M

+20.4% from 2023

Total participants

1,979

+23.4% from 2023

Average account balance

$27,728

+51.6% from 2023

Annual return

15.73%

-5.81 pp from 2023

Benchmarks

See 8,354 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants1,000-4,999

Cohort8,354 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.71M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

783

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.

35.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 4 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 99	Other Fees	$41,736
EPIC RETIREMENT PLAN SERVICES1 year Filed as: ARES RETIREMENT PLAN SERVICES, LLC Service code 49 5100 POPLAR AVE STE 810 · MEMPHIS, TN 38137	Other Services	$19,306
NATIONWIDE7+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830	Recordkeeping	$15,176
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 26 · EIN 47-1411118	Advisory (Participants)	$29

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$99K

$53 / participant

Investment mgmt$120.0%
Contract admin$96K96.8%
Other / not subdivided$3K3.2%

% of EOY assets

0.457%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JACKSON, HOWELL & ASSOCIATES, PLLC
Auditor EIN: 203538074
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,728

$200,096-86.1%

$69,632-60.2%

$200,096-86.1%

Participation rate

35.8%

72.0%-36.2pp

66.4%-30.6pp

72.0%-36.2pp

Annual return

15.73%

34.26%-18.5pp

101.32%-85.6pp

34.26%-18.5pp

Employer contribution / active EE

$681

$3,038-77.6%

$1,708-60.2%

$3,038-77.6%

Participant deferral / active EE

$1,116

$5,090-78.1%

$2,889-61.4%

$5,090-78.1%

Admin fee / account holder

$127

$269-53.0%

$4,695-97.3%

$269-53.0%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 99

Other Fees

$41,736

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: ARES RETIREMENT PLAN SERVICES, LLC

Service code 49

5100 POPLAR AVE STE 810 · MEMPHIS, TN 38137

Other Services

$19,306

NATIONWIDE7+ years

Filed as: NATIONWIDE INSURANCE

Service code 15 · EIN 31-4156830

Recordkeeping

$15,176

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 26 · EIN 47-1411118

Advisory (Participants)

$29

VRC COMPANIES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VRC COMPANIES, LLC 401(K) PROFIT SHARING 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