Retirement plan

THE GEM GROUP, INC. RETIREMENT PLAN

Name: THE GEM GROUP, INC. - THE GEM GROUP, INC. RETIREMENT PLAN (2018) 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 2018

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$20.5M

-4.7% from 2017

Total participants

356

-11.4% from 2017

Average account balance

$76,929

-0.8% from 2017

Annual return

-5.42%

-19.81 pp from 2017

Benchmarks

See 705 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort705 peers

Snapshot2018

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 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$101,046
SONTAG ADVISORY LLC2 years Service code 27 · EIN 13-3831584	Advisory (Plan)	$47,494
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ MHM, LLC Service code 10 · EIN 43-1947695	Accounting	$9,800
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ-MHM LLC Service code 10 · EIN 34-1513062	Accounting	$8,739
MAYOR CPA GROUP, LLC1 year Filed as: MAYOR HOFFMAN MCCANN PC Service code 10 · EIN 43-1947695	Accounting	$5,000
BLACKROCK2 years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
DELAWARE INVESTMENTS2 years Service code 52 · EIN 23-2448660	Indirect Investment Fees	$0
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1827505	Indirect Investment Fees	$0
THE HARTFORD2 years Service code 52 · EIN 13-3317783	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD Service code 52 · EIN 23-2311358	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

2 tripped

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

$129K

$427 / participant

Investment mgmt$95K73.5%
Contract admin$5K3.6%
Other / not subdivided$30K22.9%

% of EOY assets

0.627%

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 PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,929

$48,261+59.4%

$68,612+12.1%

$55,725+38.1%

Participation rate

70.5%

71.0%-0.5pp

72.2%-1.7pp

70.9%-0.3pp

Annual return

-5.42%

-2.61%-2.8pp

-4.63%-0.8pp

244.93%-250.3pp

Employer contribution / active EE

$615

$1,742-64.7%

$2,625-76.6%

$2,078-70.4%

Participant deferral / active EE

$3,715

$2,712+37.0%

$3,311+12.2%

$3,356+10.7%

Admin fee / account holder

$483

$126+282.5%

$5,131-90.6%

$115+319.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$101,046

SONTAG ADVISORY LLC2 years

Service code 27 · EIN 13-3831584

Advisory (Plan)

$47,494

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ MHM, LLC

Service code 10 · EIN 43-1947695

Accounting

$9,800

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ-MHM LLC

Service code 10 · EIN 34-1513062

Accounting

$8,739

MAYOR CPA GROUP, LLC1 year

Filed as: MAYOR HOFFMAN MCCANN PC

Service code 10 · EIN 43-1947695

Accounting

$5,000

BLACKROCK2 years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

DELAWARE INVESTMENTS2 years

Service code 52 · EIN 23-2448660

Indirect Investment Fees

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1827505

Indirect Investment Fees

THE HARTFORD2 years

Service code 52 · EIN 13-3317783

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

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