Retirement plan

VINCENT ELECTRIC COMPANY, INC. PROFIT SHARING AND 401K PLAN

Name: VINCENT ELECTRIC COMPANY, INC. - VINCENT ELECTRIC COMPANY, INC. PROFIT SHARING AND 401K PLAN (2021) Form 5500
Creator: VINCENT ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VINCENT ELECTRIC COMPANY, INC. PROFIT SHARING AND 401K PLAN, VINCENT ELECTRIC COMPANY, INC.

VINCENT ELECTRIC COMPANY, INC.EIN 94-1577412Plan #001PY 2021

8383 BALDWIN ST - OAKLAND, CA 946211925510-639-4500vincentelectric.comLinkedIn1-10 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.9M

+17.3% from 2020

Total participants

+33.3% from 2020

Average account balance

No prior year

Annual return

10.30%

+11.44 pp from 2020

Benchmarks

See 37,642 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,642 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

Not enough data

1 years with asset history on file

Average account balance

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

$409K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$150K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82727

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 codes2E2J2G3D

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.
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.

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

$109,863-100.0%

$98,477-100.0%

$167,518-100.0%

Participation rate

0.0%

75.8%-75.8pp

73.3%-73.3pp

82.1%-82.1pp

Annual return

10.30%

1958.09%-1947.8pp

1493.59%-1483.3pp

478.71%-468.4pp

Employer contribution / active EE

$8,055

$3,225+149.8%

$2,961+172.1%

$4,838+66.5%

Participant deferral / active EE

$14,541

$4,673+211.2%

$4,276+240.0%

$6,342+129.3%

Admin fee / account holder

$6,755-100.0%

$5,951-100.0%

$12,312-100.0%

VINCENT ELECTRIC COMPANY, INC. PROFIT SHARING AND 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

VINCENT ELECTRIC COMPANY, INC. PROFIT SHARING AND 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion