Retirement plan
THE GOLDMAN SACHS 401(K) PLAN
THE GOLDMAN SACHS GROUP, INC.EIN 13-4019460Plan #001PY 2016
Other plans on this EIN
2 filingsProspect flagsLow returnsHigh fees
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL RENDEL
Signed 10/14/2017
Summary metrics
Total assets (EOY)
$6869.2M
-1.4% from 2016
Total participants
33,594
-1.8% from 2016
Average account balance
$209,235
+1.4% from 2016
Annual return
4.36%
-6.55 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort76 peers
Snapshot2016
91
Participant deferral / active EE
$11,469
median $5,403
88
Employer contribution / active EE
$6,364
median $3,024
63
Participation rate
95.3%
median 93.3%
97
Avg account balance
$209,235
median $90,796
0
Admin fee / account holder
$815
median $51
1
Annual return
4.36%
median 9.41%
Overall peer rank
57of 100
57th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$12.81B
Average account balance
Total assets / participants with a balance (line 6g)
$262K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
48,807
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.0%
Contributions (total)
Employer and participant dollars contributed each year
$551.48M
Contributions per participant
Average employer and participant contribution per enrolled participant
$23K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.17%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$330
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 19 by compensation
| Provider | Service type | Compensation |
|---|---|---|
OCH-ZIFF CAPITAL MANAGEMENT LLC2+ years Service code 28 · EIN 13-3980578 | Investment Management | $4,025,954 |
OMEGA ADVISORS, INC.2+ years Service code 28 · EIN 13-3628307 | Investment Management | $2,921,951 |
MAVERICK CAPITAL LTD2+ years Service code 28 300 CRESCENT COURT · DALLAS, TX 75201 | Investment Management | $2,882,387 |
Service code 28 · EIN 30-0835489 | Investment Management | $1,400,541 |
Service code 28 · EIN 30-0551775 | Investment Management | $932,060 |
HEWITT ASSOCIATES, LLC2+ years Service code 15 · EIN 36-2235791 | Recordkeeping | $864,080 |
Service code 28 · EIN 23-2817243 | Investment Management | $737,508 |
GENESIS ASSET MANAGERS LP2+ years Service code 28 | Investment Management | $722,324 |
HARDING LOEVNER2+ years Service code 28 · EIN 27-0684167 | Investment Management | $717,047 |
JACKSON SQUARE PARTNERS2+ years Service code 28 101 CALIFORNIA STREET SUITE 3750 · SAN FRANCISCO, CA 94111 | Investment Management | $605,544 |
Reportable transactions (Schedule G)
1 row
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | AERO INVENTORY PLC | — | — | — |
Top hat statement on fileNQDC
Filed February 7, 2005 (most recent of 2 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.
Plan features & details
Pension benefit codes2E2F2G2J2K2S2T3F3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$26.7M
$1641 / participant
- Investment mgmt$27M100.0%
% of EOY assets
0.389%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified