Retirement plan

GOULSTON & STORRS 401(K) PROFIT SHARING PLAN AND TRUST

Name: GOULSTON & STORRS PC - GOULSTON & STORRS 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: GOULSTON & STORRS PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOULSTON & STORRS 401(K) PROFIT SHARING PLAN AND TRUST, GOULSTON & STORRS PC

GOULSTON & STORRS PCEIN 04-2738098Plan #002PY 2020

400 ATLANTIC AVENUE - BOSTON, MA 02110617-574-3592goulstonstorrs.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#007Retirement-$53.7M assets #006Retirement-$12.3M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$213.7M

-15.8% from 2017

Total participants

431

+2.6% from 2017

Average account balance

$507,715

-39.7% from 2017

Annual return

-5.58%

+58.24 pp from 2017

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$397.62M

Not enough data

1 years with asset history on file

Average account balance

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

$892K

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.

446

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$39K

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

+10.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$750

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$141,570
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Advisory (Plan)	$110,248
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ OPERATIONS INC DBA CBIZ MHM LL Service code 10 1065 AVENUE OF AMERICAS · NEW YORK, NY 10018	Accounting	$8,500
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INS SERVICES INC Service code 10 PO BOX 632886 · CINCINNATI, OH 452632886	Accounting	$8,000
MAYER HOFFMAN MCCANN P.C.4 years Filed as: MAYER HOFFMAN MCCANN PC Service code 10 3101 N CENTRAL AVE # 300 · PHOENIX, AZ 85012	Accounting	$6,000
QDRO CONSULTANTS COMPANY, LLC3 years Service code 16 3071 PEARL ROAD · MEDINA, OH 44256	Consulting	$300

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$275K

$866 / participant

Investment mgmt$110K40.1%
Other / not subdivided$164K59.9%

% of EOY assets

0.128%

all-in expense ratio

Categories reported

1 / 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 MCCAIN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$507,715

$100,801+403.7%

$149,751+239.0%

$73,415+591.6%

Participation rate

96.8%

77.7%+19.2pp

82.5%+14.4pp

72.2%+24.7pp

Annual return

-5.58%

265.34%-270.9pp

276.71%-282.3pp

59.30%-64.9pp

Employer contribution / active EE

$18,453

$3,312+457.2%

$4,646+297.2%

$2,234+726.1%

Participant deferral / active EE

$13,937

$6,404+117.6%

$6,843+103.7%

$3,806+266.2%

Admin fee / account holder

$652

$181+260.8%

$9,312-93.0%

$158+313.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$141,570

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Advisory (Plan)

$110,248

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ OPERATIONS INC DBA CBIZ MHM LL

Service code 10

1065 AVENUE OF AMERICAS · NEW YORK, NY 10018

Accounting

$8,500

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INS SERVICES INC

Service code 10

PO BOX 632886 · CINCINNATI, OH 452632886

Accounting

$8,000

MAYER HOFFMAN MCCANN P.C.4 years

Filed as: MAYER HOFFMAN MCCANN PC

Service code 10

3101 N CENTRAL AVE # 300 · PHOENIX, AZ 85012

Accounting

$6,000

QDRO CONSULTANTS COMPANY, LLC3 years

Service code 16

3071 PEARL ROAD · MEDINA, OH 44256

Consulting

$300

GOULSTON & STORRS 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOULSTON & STORRS 401(K) PROFIT SHARING PLAN AND TRUST

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