Retirement plan

WILLIAM T. GARDNER, INC. PROFIT SHARING PLAN

Name: WILLIAM T. GARDNER, INC. - WILLIAM T. GARDNER, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: WILLIAM T. GARDNER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAM T. GARDNER, INC. PROFIT SHARING PLAN, WILLIAM T. GARDNER, INC.

WILLIAM T. GARDNER, INC.EIN 01-0327414Plan #001PY 2023

P.O. BOX 189, I-95 ACCESS RD - LINCOLN, ME 04457207-794-2303

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.5M

-18.7% from 2022

Total participants

121

+5.2% from 2022

Average account balance

$114,316

-22.5% from 2022

Annual return

14.50%

+31.20 pp from 2022

Benchmarks

See 536 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort536 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.70M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

117

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$662K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES6 years Service code 15 · EIN 16-1450952	Recordkeeping	$9,284
GUIDANCE POINT RETIREMENT SERVICES9+ years Service code 27 · EIN 45-4118952	Advisory (Plan)	$6,500
CHARLES SCHWAB & CO., INC.4 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$16K

$144 / participant

Recordkeeping$9K58.7%
Investment mgmt$7K41.3%

% of EOY assets

0.126%

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: TAWNEY, PLLC
Auditor EIN: 464585449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,316

$57,752+97.9%

$112,273+1.8%

$71,511+59.9%

Participation rate

89.0%

58.8%+30.2pp

72.4%+16.6pp

67.9%+21.1pp

Annual return

14.50%

18.25%-3.7pp

30.23%-15.7pp

28.86%-14.4pp

Employer contribution / active EE

$2,179

$1,912+13.9%

$3,431-36.5%

$2,589-15.9%

Participant deferral / active EE

$3,386

$2,860+18.4%

$4,800-29.5%

$4,291-21.1%

Admin fee / account holder

$144

$1,586-90.9%

$7,752-98.1%

$1,588-90.9%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES6 years

Service code 15 · EIN 16-1450952

Recordkeeping

$9,284

GUIDANCE POINT RETIREMENT SERVICES9+ years

Service code 27 · EIN 45-4118952

Advisory (Plan)

$6,500

CHARLES SCHWAB & CO., INC.4 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

WILLIAM T. GARDNER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAM T. GARDNER, INC. PROFIT SHARING PLAN

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