Retirement plan

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

Name: VERTICAL COMMUNICATIONS, INC. - VERTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN (2023) 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 2023

1000 HOLCOMB WOODS, BLDG 400, SUITE 415 - ROSWELL, GA 30076800-580-4565

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$14.4M

-16.5% from 2021

Total participants

142

-25.7% from 2021

Average account balance

$123,744

+19.5% from 2021

Annual return

19.61%

+5.67 pp from 2021

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE6 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$90,312
BENEFIT PROFESSIONALS, INC.4 years Filed as: BENEFIT PROFESSIONALS INC. Service code 17 · EIN 90-1118690	Pension Consulting	$16,691
IRON-CO-FID-COMPREHENSIVE6 years Service code 27 630 DUNDEE RD. · NORTHBROOK, IL 60062	Advisory (Plan)	$9,615
401K SAFE3 years Filed as: 401 K SAFE LLC Service code 15 · EIN 83-0824803 PO BOX 518 · ALBERTVILLE, AL 35950	Recordkeeping	$6,447
LINCOLN NATIONAL CORPORATION5 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 codes2E2F2G2J2T3D2K

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$23K

$273 / participant

Contract admin$23K100.0%

% of EOY assets

0.161%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BD AND ASSOCIATES CPAS, PLLC
Auditor EIN: 274279115
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,744

$93,598+32.2%

$135,974-9.0%

$75,173+64.6%

Participation rate

69.4%

75.2%-5.8pp

81.9%-12.5pp

67.2%+2.2pp

Annual return

19.61%

30.89%-11.3pp

68.30%-48.7pp

160.72%-141.1pp

Employer contribution / active EE

$3,538-100.0%

$4,859-100.0%

$2,671-100.0%

Participant deferral / active EE

$7,366

$6,405+15.0%

$7,760-5.1%

$4,126+78.5%

Admin fee / account holder

$200

$6,978-97.1%

$10,767-98.1%

$5,651-96.5%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$90,312

BENEFIT PROFESSIONALS, INC.4 years

Filed as: BENEFIT PROFESSIONALS INC.

Service code 17 · EIN 90-1118690

Pension Consulting

$16,691

IRON-CO-FID-COMPREHENSIVE6 years

Service code 27

630 DUNDEE RD. · NORTHBROOK, IL 60062

Advisory (Plan)

$9,615

401K SAFE3 years

Filed as: 401 K SAFE LLC

Service code 15 · EIN 83-0824803

PO BOX 518 · ALBERTVILLE, AL 35950

Recordkeeping

$6,447

LINCOLN NATIONAL CORPORATION5 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