Retirement plan

VALMARK, INC. RETIREMENT PLAN

Name: VALMARK, INC. - VALMARK, INC. RETIREMENT PLAN (2023) Form 5500
Creator: VALMARK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALMARK, INC. RETIREMENT PLAN, VALMARK, INC.

VALMARK, INC.EIN 91-1110337Plan #001PY 2023

P.O. BOX 948, 175 WEST STREET - FRIDAY HARBOR, WA 98250360-378-5228kings-market.comLinkedIn1-10 employeesfood & beverages

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.1M

+28.4% from 2022

Total participants

178

+3.5% from 2022

Average account balance

$52,711

+22.4% from 2022

Annual return

22.72%

+42.42 pp from 2022

Benchmarks

See 9,480 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,480 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.34M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

182

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$560K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: LC MORGAN STANLEY Service code 27 1300 THAMES STREET WHARF · BALTIMORE, MD 21231	Advisory (Plan)	$14,984
ASCENSUS LLC6 years Service code 15 · EIN 11-3665754	Recordkeeping	$2,100

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$17K

$176 / participant

Investment mgmt$15K87.7%
Contract admin$2K12.3%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HAGEN,KURTH,PERMAN
Auditor EIN: 911233794
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,711

$65,555-19.6%

$86,216-38.9%

$75,173-29.9%

Participation rate

93.8%

60.5%+33.3pp

69.0%+24.9pp

67.2%+26.6pp

Annual return

22.72%

46.07%-23.3pp

1169.42%-1146.7pp

160.72%-138.0pp

Employer contribution / active EE

$1,888

$1,553+21.5%

$2,382-20.7%

$2,671-29.3%

Participant deferral / active EE

$3,286

$3,023+8.7%

$3,986-17.6%

$4,126-20.4%

Admin fee / account holder

$99

$5,469-98.2%

$6,853-98.6%

$5,651-98.2%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: LC MORGAN STANLEY

Service code 27

1300 THAMES STREET WHARF · BALTIMORE, MD 21231

Advisory (Plan)

$14,984

ASCENSUS LLC6 years

Service code 15 · EIN 11-3665754

Recordkeeping

$2,100

VALMARK, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALMARK, INC. 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