Retirement plan

VEVO 401(K) PLAN

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

VEVO LLCEIN 90-0459202Plan #001PY 2023

4 TIMES SQUARE, 25TH FLOOR - NEW YORK, NY 10036212-331-2380

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$29M

+36.2% from 2022

Total participants

420

-0.9% from 2022

Average account balance

$72,056

+35.5% from 2022

Annual return

25.02%

+37.59 pp from 2022

Benchmarks

See 601 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.27M

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.

388

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$61,580
AURORA PRIVATE WEALTH INC2 years Filed as: AURORA PRIVATE WEALTH, INC. Service code 27 · EIN 47-4814591	Advisory (Plan)	$34,377
ASSOCIATED PENSION CONSULTANTS2 years Service code 13 · EIN 11-3271022	Contract Administrator	$13,845

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$218 / participant

Contract admin$64K100.0%

% of EOY assets

0.220%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,056

$89,282-19.3%

$94,679-23.9%

$74,440-3.2%

Participation rate

93.8%

82.4%+11.4pp

80.8%+13.0pp

70.7%+23.1pp

Annual return

25.02%

25.96%-0.9pp

156.75%-131.7pp

34.37%-9.3pp

Employer contribution / active EE

$3,076

$3,022+1.8%

$3,673-16.3%

$2,638+16.6%

Participant deferral / active EE

$10,792

$8,425+28.1%

$7,417+45.5%

$4,529+138.3%

Admin fee / account holder

$159

$219-27.5%

$7,233-97.8%

$348-54.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$61,580

AURORA PRIVATE WEALTH INC2 years

Filed as: AURORA PRIVATE WEALTH, INC.

Service code 27 · EIN 47-4814591

Advisory (Plan)

$34,377

ASSOCIATED PENSION CONSULTANTS2 years

Service code 13 · EIN 11-3271022

Contract Administrator

$13,845

VEVO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VEVO 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