How big is V.I.P, Inc.'s plan?

V.I.P, Inc.'s plan reported $7.6M in assets and 674 participants for 2023.

Original filing (PDF)20250613152641NAL0015758259001

V.I.P, Inc.

Name: V.I.P, Inc. — V.I.P., Inc. Retirement Savings Plan &, Form 5500 (2023)
Creator: V.I.P, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

V.I.P., Inc. Retirement Savings Plan & Trust

401(k) retirement plan · V.I.P, Inc.'s V.I.P., Inc. Retirement Savings Plan & Trust held $7.6M in plan assets for 674 participants in 2023, with Alerus as recordkeeper.

Signals · 2

Late participant contributions~106 bps in Sched C fees

Active participants

674

Accounts w/ balance

197

Plan assets (EOY)

$7.6M

Net assets (EOY)

$7.6M

People on this filing

Allan Kirkland signed V.I.P, Inc.'s 2023 Form 5500 as plan administrator.

Allan Kirkland — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

V.I.P, Inc.'s EIN is 01-0262924.

EIN 01-0262924

Plan number 001

Plan year 2023

ACK ID 20250613152641NAL0015758259001

Official Form 5500 document

Download the official 2023 Form 5500 (PDF) for V.I.P, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2023 Form 5500 (PDF)

Plan features

V.I.P, Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

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How this plan invests

This plan

26 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Delinquent participant contributions reported (Schedule H 4a) — 181K (20% of contributions).
Total administrative cost in the bottom quartile of peers (16th percentile).
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (5th percentile).

Plan sponsor

Name

V.I.P, INC.

EIN

all filings

Address

24 HARRIMAN DRIVE · AUBURN, ME · 04210

Phone

(207) 784-5423

Industry

Retail Trade

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2023

Plan year begin

2023-09-01

Tax period

2024-08-31

Filed

2025-06-13

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
ALERUS FINANCIAL, N.A.	45-6062081	—	NONE	$26K	—

Investment manager

Name	EIN	Location	Relation	Direct comp	Indirect comp
BAM ADVISOR SERVICES, LLC	20-8307105	—	NONE	$55K	—

Investments

26 direct securities· $7.6M(100% of reported assets)

Mutual Funds

$6.4M

24 holdings

Common Collective Trusts

$1.2M

2 holdings

					% of plan
Vanguard Total Stock Market Index Mutual Fund 	Common Collective Trusts	—	—	$995K	13.1%
Dimensional DFA US Targeted Value I Mutual Fund 	Mutual Funds	—	—	$851K	11.2%
Vanguard Intermediate Term Treasury Index Mutual Fund 	Mutual Funds	—	—	$744K	9.8%
Vanguard Developed Markets Index Mutual Fund 	Mutual Funds	—	—	$449K	5.9%
Dimensional International Small Cap Value Mutual Fund 	Mutual Funds	—	—	$443K	5.9%
Dimensional Short Term Extended Quality Inst Mutual Fund 	Mutual Funds	—	—	$421K	5.6%
Vanguard Target Retirement 2035 Mutual Fund 	Mutual Funds	—	—	$394K	5.2%
Vanguard Short Term Inflation Protection Security Index Mutual Fund 	Mutual Funds	—	—	$336K	4.4%
Vanguard Target Retirement 2025 Mutual Fund 	Mutual Funds	—	—	$327K	4.3%
Vanguard Target Retirement 2045 Mutual Fund 	Mutual Funds	—	—	$298K	3.9%
Dimensional Emerging Markets Mutual Fund 	Mutual Funds	—	—	$296K	3.9%
Vanguard Target Retirement 2050 Mutual Fund 	Mutual Funds	—	—	$291K	3.8%
Vanguard Target Retirement 2030 Mutual Fund 	Mutual Funds	—	—	$287K	3.8%
Vanguard Target Retirement 2040 Mutual Fund 	Mutual Funds	—	—	$267K	3.5%
Vanguard Target Retirement 2055 Mutual Fund 	Mutual Funds	—	—	$241K	3.2%
Vanguard 500 Index Fund Admiral Shares Mutual Fund 	Common Collective Trusts	—	—	$217K	2.9%
Vanguard Target Retirement 2020 Mutual Fund 	Mutual Funds	—	—	$141K	1.9%
Vanguard Target Retirement 2060 Mutual Fund 	Mutual Funds	—	—	$129K	1.7%
DFA Global Real Estate Securities Mutual Fund 	Mutual Funds	—	—	$124K	1.6%
party maturity value Cost Current Value Schwab Government Money Fund Money Market Fund 	Mutual Funds	—	—	$103K	1.4%
Vanguard Target Retirement 2070 Mutual Fund  216 Vanguard Small Cap Index Mutual Fund 	Mutual Funds	—	—	$95K	1.3%
Vanguard Growth Index Mutual Fund 	Mutual Funds	—	—	$52K	0.7%
Vanguard Target Retirement 2065 Mutual Fund 	Mutual Funds	—	—	$25K	0.3%
DFA U.S. Large Cap Value III Portfolio Mutual Fund 	Mutual Funds	—	—	$23K	0.3%
Vanguard Mid-Cap Value Index Mutual Fund 	Mutual Funds	—	—	$13K	0.2%
Vanguard Retirement Income Mutual Fund 	Mutual Funds	—	—	$5K	<0.1%