Retirement plan

VITIS ENERGY 401(K) PLAN

Name: VITIS ENERGY LLC - VITIS ENERGY 401(K) PLAN (2023) Form 5500
Creator: VITIS ENERGY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VITIS ENERGY 401(K) PLAN, VITIS ENERGY LLC

VITIS ENERGY LLCEIN 86-1195072Plan #001PY 2023

99 KING STREET, #3785 - ST AUGUSTINE, FL 32085904-484-8487vitisenergy.comLinkedIn11-50 employeesrenewables & environment

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-5.8% from 2022

Total participants

0.0% from 2022

Average account balance

$82,234

+9.1% from 2022

Annual return

27.32%

+39.49 pp from 2022

Benchmarks

See 1,742 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,742 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.83M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

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.

146.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$162K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4222

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$775K

$59591 / participant

Other / not subdivided$775K100.0%

% of EOY assets

49.581%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,234

$94,749-13.2%

$112,899-27.2%

$139,466-41.0%

Participation rate

76.9%

81.3%-4.4pp

80.5%-3.6pp

80.3%-3.4pp

Annual return

27.32%

40.92%-13.6pp

34.11%-6.8pp

373.66%-346.3pp

Employer contribution / active EE

$7,241

$4,630+56.4%

$4,566+58.6%

$4,754+52.3%

Participant deferral / active EE

$9,489

$6,517+45.6%

$6,516+45.6%

$6,712+41.4%

Admin fee / account holder

$40,773

$8,530+378.0%

$7,047+478.5%

$11,409+257.4%

VITIS ENERGY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VITIS ENERGY 401(K) 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