Retirement plan

UNITED STATES VETERANS INITIATIVE RETIREMENT

Name: UNITED STATES VETERANS INITIATIVE - UNITED STATES VETERANS INITIATIVE RETIREMENT (2024) Form 5500
Creator: UNITED STATES VETERANS INITIATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED STATES VETERANS INITIATIVE RETIREMENT, UNITED STATES VETERANS INITIATIVE

UNITED STATES VETERANS INITIATIVEEIN 95-4382752Plan #001PY 2024

800 WEST SIXTH STREET SUITE - LOS ANGELES, CA 90017213-542-2647

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13.5M

+20.2% from 2023

Total participants

931

+0.8% from 2023

Average account balance

$22,354

+19.0% from 2023

Annual return

12.02%

-4.04 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.48M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

603

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.

46.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$93,926
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 99 · EIN 47-1411118	Other Fees	$40,000

Plan features & details

Pension benefit codes2F2G2J2K3D2E

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$94K

$155 / participant

Investment mgmt$3K3.1%
Contract admin$67K71.7%
Other / not subdivided$24K25.2%

% of EOY assets

0.697%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,354

$50,902-56.1%

$155,534-85.6%

$77,736-71.2%

Participation rate

46.0%

63.1%-17.1pp

78.2%-32.3pp

70.6%-24.6pp

Annual return

12.02%

34.85%-22.8pp

64.92%-52.9pp

31.26%-19.2pp

Employer contribution / active EE

$833

$1,991-58.2%

$4,675-82.2%

$2,728-69.5%

Participant deferral / active EE

$2,277

$2,824-19.4%

$5,630-59.6%

$4,651-51.0%

Admin fee / account holder

$156

$437-64.4%

$15,900-99.0%

$433-64.1%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$93,926

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 99 · EIN 47-1411118

Other Fees

$40,000

UNITED STATES VETERANS INITIATIVE RETIREMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED STATES VETERANS INITIATIVE RETIREMENT

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