Retirement plan

THE GEM GROUP, INC. RETIREMENT PLAN

Name: THE GEM GROUP, INC. - THE GEM GROUP, INC. RETIREMENT PLAN (2017) Form 5500
Creator: THE GEM GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GEM GROUP, INC. RETIREMENT PLAN, THE GEM GROUP, INC.

THE GEM GROUP, INC.EIN 04-2319824Plan #004PY 2017

NINE INTERNATIONAL WAY - LAWRENCE, MA 01843978-691-2078

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$21.6M

+12.8% from 2016

Total participants

402

+4.1% from 2016

Average account balance

$77,520

+29.0% from 2016

Annual return

14.40%

+7.91 pp from 2016

Benchmarks

See 684 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort684 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.17M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

249

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.

55.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$486

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 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$67,117
SONTAG ADVISORY LLC1 year Service code 27 · EIN 13-3831584	Advisory (Plan)	$58,917
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Investment management; Sales loads (f...	$34,965
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMAN MCCANN PC Service code 10 · EIN 43-1947695	Accounting	$25,000
SONTAG ADVISORY LLC1 year Filed as: SONTAG ADVISORY Service code 27 · EIN 13-3831584	Advisory (Plan)	$22,767
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DELAWARE INVESTMENTS1 year Service code 52 · EIN 23-2448660	Indirect Investment Fees	$0
NATIONAL FINANCIAL SERVICES3+ years Service code 33	Securities brokerage commissions and ...	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52 · EIN 52-1827505	Indirect Investment Fees	$0
THE HARTFORD1 year Service code 52 · EIN 22-2937447	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$122K

$341 / participant

Investment mgmt$98K79.9%
Contract admin$4K3.2%
Other / not subdivided$21K16.9%

% of EOY assets

0.567%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAYER HOFFMAN MCCANN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,520

$53,925+43.8%

$75,501+2.7%

$69,631+11.3%

Participation rate

65.4%

71.2%-5.8pp

72.4%-7.0pp

70.7%-5.3pp

Annual return

14.40%

17.84%-3.4pp

27.35%-13.0pp

27571.02%-27556.6pp

Employer contribution / active EE

$499

$1,802-72.3%

$2,352-78.8%

$2,032-75.4%

Participant deferral / active EE

$3,088

$2,569+20.2%

$3,142-1.7%

$3,224-4.2%

Admin fee / account holder

$439

$97+352.3%

$5,801-92.4%

$110+297.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$67,117

SONTAG ADVISORY LLC1 year

Service code 27 · EIN 13-3831584

Advisory (Plan)

$58,917

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Investment management; Sales loads (f...

$34,965

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMAN MCCANN PC

Service code 10 · EIN 43-1947695

Accounting

$25,000

SONTAG ADVISORY LLC1 year

Filed as: SONTAG ADVISORY

Service code 27 · EIN 13-3831584

Advisory (Plan)

$22,767

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DELAWARE INVESTMENTS1 year

Service code 52 · EIN 23-2448660

Indirect Investment Fees

NATIONAL FINANCIAL SERVICES3+ years

Service code 33

Securities brokerage commissions and ...

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1827505

Indirect Investment Fees

THE HARTFORD1 year

Service code 52 · EIN 22-2937447

Indirect Investment Fees

THE GEM GROUP, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GEM GROUP, INC. RETIREMENT 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