Retirement plan

VERITAS FUNDING. LLC RETIREMENT PLAN

Name: VERITAS FUNDING, LLC - VERITAS FUNDING. LLC RETIREMENT PLAN (2017) Form 5500
Creator: VERITAS FUNDING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERITAS FUNDING. LLC RETIREMENT PLAN, VERITAS FUNDING, LLC

VERITAS FUNDING, LLCEIN 86-1092244Plan #001PY 2017

7050 SOUTH UNION PARK AVENUE,, SUITE 400 - MIDVALE, UT 84047801-639-0900vfund.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$9.2M

+20.0% from 2016

Total participants

339

-32.3% from 2016

Average account balance

$28,335

+79.1% from 2016

Annual return

18.55%

+10.72 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.01M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

691

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$832K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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
THE VANGUARD GROUP, INC.3+ years Service code 15 · EIN 23-1945930	Recordkeeping	$37,164
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$20,751
HANSEN, PLAHM & COMPANY2 years Filed as: HANSEN, BRADSHAW, MALMROSE & ERICKS Service code 10 559 WEST 500 SOUTH · BOUNTIFUL, UT 84010	Accounting	$6,700
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2G2J2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$65K

$267 / participant

Investment mgmt$21K32.1%
Contract admin$37K57.5%
Other / not subdivided$7K10.4%

% of EOY assets

0.702%

all-in expense ratio

Categories reported

2 / 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: HANSEN BRADSHAW MALMROSE & ERICKSON
Auditor EIN: 870367930
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,335

$89,739-68.4%

$149,721-81.1%

$62,293-54.5%

Participation rate

94.2%

85.1%+9.1pp

87.1%+7.1pp

69.5%+24.7pp

Annual return

18.55%

21.01%-2.5pp

1501.67%-1483.1pp

28.90%-10.3pp

Employer contribution / active EE

$1,079

$3,233-66.6%

$5,444-80.2%

$2,042-47.2%

Participant deferral / active EE

$5,411

$4,797+12.8%

$6,568-17.6%

$3,169+70.7%

Admin fee / account holder

$199

$551-63.9%

$11,282-98.2%

$479-58.5%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$37,164

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$20,751

HANSEN, PLAHM & COMPANY2 years

Filed as: HANSEN, BRADSHAW, MALMROSE & ERICKS

Service code 10

559 WEST 500 SOUTH · BOUNTIFUL, UT 84010

Accounting

$6,700

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

VERITAS FUNDING. LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERITAS FUNDING. LLC 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