Vgm Group Inc 401(K) Profit Sharing Plan — Form 5500 plan (Vgm Group Inc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Vgm Group Inc 401(K) Profit Sharing Plan is a benefit plan reported by Vgm Group Inc under EIN 42-1280573 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,647 participants and $116,482,305 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Vgm Group Inc
EIN
42-1280573
Plan number
001
Plan type
2
Location
Waterloo, IA
Latest filing year
2023
Participants
1,647
End-of-year plan assets
$116,482,305

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,647H, C20241009143609NAL0010727491001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$116,482,305
Total liabilities (EOY)
$1,003
Net assets (EOY)
$116,481,302
Net assets (BOY)
$98,326,067

Income & contributions

Employer contributions
$1,901,621
Participant contributions
$4,766,010
Total contributions
$11,858,693
Total income / additions
$29,354,898

Expenses & distributions

Benefits paid
$10,826,002
Administrative expenses
$247,041
Total expenses
$11,199,663
Net increase / (decrease)
$18,155,235

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$247,041$02023
Accel Wealth ManagementINVESTMENT ADVISORY$0$71,2052023
Morningstar Investment Management LINV ADV, PARTICIPANTS$0$02023

Related Form 5500 pages