The Vernon Investment And Retirement Plan For Field Salespersons — Form 5500 plan (The Vernon Company)
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, The Vernon Investment And Retirement Plan For Field Salespersons is a benefit plan reported by The Vernon Company under EIN 42-0649215 and plan number 002. The latest loaded filing year is 2023. The filing reports 128 participants and $17,169,724 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Vernon Company
- EIN
- 42-0649215
- Plan number
- 002
- Plan type
- 2
- Location
- Newton, IA
- Latest filing year
- 2023
- Participants
- 128
- End-of-year plan assets
- $17,169,724
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 128 | H, C | 20240724135103NAL0013064929001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,169,724
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,169,724
- Net assets (BOY)
- $14,728,439
Income & contributions
- Employer contributions
- $151,013
- Participant contributions
- $566,452
- Total contributions
- $717,465
- Total income / additions
- $3,804,547
Expenses & distributions
- Benefits paid
- $1,380,653
- Administrative expenses
- $18,334
- Total expenses
- $1,398,987
- Net increase / (decrease)
- $2,405,560
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $18,333 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |