Retirement plan

VEKTEK CORPORATION RETIREMENT PLAN

Name: VEKTEK CORPORATION - VEKTEK CORPORATION RETIREMENT PLAN (2020) Form 5500
Creator: VEKTEK CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VEKTEK CORPORATION RETIREMENT PLAN, VEKTEK CORPORATION

VEKTEK CORPORATIONEIN 82-1688388Plan #001PY 2020

1334 EAST 6TH AVENUE - EMPORIA, KS 66801620-342-7637

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$14.4M

+2.4% from 2019

Total participants

156

-1.9% from 2019

Average account balance

$93,344

+5.8% from 2019

Annual return

10.27%

-8.95 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.35M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

175

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$962K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$347

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
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 99 · EIN 81-3968784	Other Fees	$26,609
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ FINANCIAL SOLUTIONS, INC. Service code 27 · EIN 52-1396995	Advisory (Plan)	$8,448
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL RETIREMENT INSURANCE CO Service code 13 · EIN 06-1050034	Contract Administrator	$3,868
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS AND INS SERVICES Service code 49 · EIN 31-1582098	Other Services	$70

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$25 / participant

Contract admin$3K100.0%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

1 / 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: VARNEY & ASSOCIATES, CPA'S, LLC
Auditor EIN: 300038643
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,344

$73,638+26.8%

$95,956-2.7%

$73,493+27.0%

Participation rate

98.2%

76.2%+22.1pp

77.1%+21.1pp

70.7%+27.5pp

Annual return

10.27%

16.78%-6.5pp

91.63%-81.4pp

28.51%-18.2pp

Employer contribution / active EE

$1,824

$1,863-2.1%

$2,541-28.2%

$2,270-19.7%

Participant deferral / active EE

$5,207

$3,617+44.0%

$4,167+25.0%

$3,740+39.2%

Admin fee / account holder

$18

$482-96.3%

$6,797-99.7%

$513-96.5%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADVISORY SERVICES

Service code 99 · EIN 81-3968784

Other Fees

$26,609

CBIZ RETIREMENT PLAN SERVICES3+ years

Filed as: CBIZ FINANCIAL SOLUTIONS, INC.

Service code 27 · EIN 52-1396995

Advisory (Plan)

$8,448

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL RETIREMENT INSURANCE CO

Service code 13 · EIN 06-1050034

Contract Administrator

$3,868

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS AND INS SERVICES

Service code 49 · EIN 31-1582098

Other Services

$70

VEKTEK CORPORATION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VEKTEK CORPORATION 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