Retirement plan

VSP RETIREMENT PLAN

Name: VISION SERVICE PLAN - VSP RETIREMENT PLAN (2022) Form 5500
Creator: VISION SERVICE PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VSP RETIREMENT PLAN, VISION SERVICE PLAN

VISION SERVICE PLANEIN 94-1632821Plan #001PY 2022

3333 QUALITY DRIVE - RANCHO CORDOVA, CA 956707985916-851-5000LinkedIn1-10 employeesinsurance

Other plans on this EIN

1 filing

#002Retirement-$5K assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 13, 2007 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1081.3M

-12.2% from 2016

Total participants

6,816

-0.4% from 2016

Average account balance

$158,636

-11.8% from 2016

Annual return

-16.52%

-8.51 pp from 2016

Benchmarks

See 97 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort97 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.45B

Not enough data

1 years with asset history on file

Average account balance

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

$197K

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.

7,383

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Service code 13 · EIN 06-1050034	Contract Administrator	$479,198
RESOURCES INVESTMENT ADVISORS LLC3 years Filed as: RESOURCES INVESTMENT ADVISORS INC Service code 10 · EIN 43-1451524	Accounting	$266,667
ENTERPRISE BANK & TRUST3 years Filed as: FINANCIAL FINESSE ENTERPRISE LLC Service code 26 · EIN 83-1757548	Advisory (Participants)	$75,000
REMOTIV LLC1 year Service code 38 · EIN 06-1050034	Participant Communication	$34,909
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 63 · EIN 13-4122960	12b-1 Fees	$19,351
FINANCIAL SOUNDINGS LLC3 years Service code 38 · EIN 20-0193152	Participant Communication	$6,478
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: PRUDENTIAL INSURANCE CO Service code 99 · EIN 22-1211670	Other Fees	$0
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: PRUDENTIAL TRUST CO Service code 52 · EIN 23-6994310	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2G2R2S2T3D3H2E2J

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$934K

$177 / participant

Other / not subdivided$934K100.0%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,636

$119,153+33.1%

$151,634+4.6%

$78,104+103.1%

Participation rate

100.0%

92.5%+7.5pp

87.5%+12.5pp

74.5%+25.5pp

Annual return

-16.52%

-10.83%-5.7pp

3.32%-19.8pp

10.90%-27.4pp

Employer contribution / active EE

$10,216

$5,298+92.8%

$6,165+65.7%

$3,128+226.6%

Participant deferral / active EE

$7,037

$8,624-18.4%

$8,363-15.8%

$5,089+38.3%

Admin fee / account holder

$137

$69+99.2%

$11,614-98.8%

$79+73.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$479,198

RESOURCES INVESTMENT ADVISORS LLC3 years

Filed as: RESOURCES INVESTMENT ADVISORS INC

Service code 10 · EIN 43-1451524

Accounting

$266,667

ENTERPRISE BANK & TRUST3 years

Filed as: FINANCIAL FINESSE ENTERPRISE LLC

Service code 26 · EIN 83-1757548

Advisory (Participants)

$75,000

REMOTIV LLC1 year

Service code 38 · EIN 06-1050034

Participant Communication

$34,909

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE

Service code 63 · EIN 13-4122960

12b-1 Fees

$19,351

FINANCIAL SOUNDINGS LLC3 years

Service code 38 · EIN 20-0193152

Participant Communication

$6,478

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: PRUDENTIAL INSURANCE CO

Service code 99 · EIN 22-1211670

Other Fees

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: PRUDENTIAL TRUST CO

Service code 52 · EIN 23-6994310

Indirect Investment Fees

VSP RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VSP RETIREMENT PLAN

Top hat statement on fileNQDC

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