Retirement plan

VERTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN

Name: VERTICAL COMMUNICATIONS, INC. - VERTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: VERTICAL COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN, VERTICAL COMMUNICATIONS, INC.

VERTICAL COMMUNICATIONS, INC.EIN 86-0446453Plan #002PY 2020

3910 FREEDOM CIRCLE, SUITE 103 - SANTA CLARA, CA 95054408-404-1670

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.3M

-4.5% from 2019

Total participants

201

-3.4% from 2019

Average account balance

$88,916

-4.5% from 2019

Annual return

12.74%

-9.22 pp from 2019

Benchmarks

See 909 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort909 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.58M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

106

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.

70.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$572K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$96,793
BENEFIT PROFESSIONALS, INC.1 year Filed as: BENEFIT PROFESSIONALS INC. Service code 17 · EIN 90-1118690	Pension Consulting	$10,338
IRON-CO-FID-COMPREHENSIVE3 years Service code 27 630 DUNDEE RD. · NORTHBROOK, IL 60062	Advisory (Plan)	$9,623
PINNACLE FINANCIAL SERVICES, INC.3 years Filed as: PINNACLE FINANCIAL SERVICES Service code 15 1177 HYPOLUXO ROAD · LANTANA, FL 33462	Recordkeeping	$8,031
401K SAFE2 years Filed as: 401K SAFE LLC Service code 14 PO BOX 518 · ALBERTVILLE, AL 35950	Plan Administrator	$5,039
LINCOLN NATIONAL CORPORATION2 years Filed as: LINCOLN FINANCIAL ADVISORS Service code 27 1300 S CLINTON ST · FORT WAYNE, IN 46801	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$23K

$221 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.149%

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: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,916

$66,813+33.1%

$100,528-11.6%

$73,493+21.0%

Participation rate

71.8%

77.5%-5.6pp

79.4%-7.6pp

70.7%+1.2pp

Annual return

12.74%

25.70%-13.0pp

30.90%-18.2pp

28.51%-15.8pp

Employer contribution / active EE

$2,147-100.0%

$3,419-100.0%

$2,270-100.0%

Participant deferral / active EE

$5,464

$5,883-7.1%

$6,271-12.9%

$3,740+46.1%

Admin fee / account holder

$132

$512-74.2%

$8,084-98.4%

$513-74.2%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$96,793

BENEFIT PROFESSIONALS, INC.1 year

Filed as: BENEFIT PROFESSIONALS INC.

Service code 17 · EIN 90-1118690

Pension Consulting

$10,338

IRON-CO-FID-COMPREHENSIVE3 years

Service code 27

630 DUNDEE RD. · NORTHBROOK, IL 60062

Advisory (Plan)

$9,623

PINNACLE FINANCIAL SERVICES, INC.3 years

Filed as: PINNACLE FINANCIAL SERVICES

Service code 15

1177 HYPOLUXO ROAD · LANTANA, FL 33462

Recordkeeping

$8,031

401K SAFE2 years

Filed as: 401K SAFE LLC

Service code 14

PO BOX 518 · ALBERTVILLE, AL 35950

Plan Administrator

$5,039

LINCOLN NATIONAL CORPORATION2 years

Filed as: LINCOLN FINANCIAL ADVISORS

Service code 27

1300 S CLINTON ST · FORT WAYNE, IN 46801

Advisory (Plan)

VERTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERTICAL COMMUNICATIONS, INC. 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