Retirement plan

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

Name: GOULSTON & STORRS PC - GOULSTON & STORRS 401(K) PROFIT SHARING PLAN AND TRUST (2021) 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 2021

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

Other plans on this EIN

2 filings

#007Retirement-$62.8M assets #006Retirement-$18.6M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$295.6M

-15.8% from 2017

Total participants

424

+2.6% from 2017

Average account balance

$700,483

-39.7% from 2017

Annual return

37.60%

+58.24 pp from 2017

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY6+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Advisory (Plan)	$110,472
MAYER HOFFMAN MCCANN P.C.5 years Filed as: MAYER HOFFMAN MCCANN PC Service code 10 3101 N CENTRAL AVE #300 · PHOENIX, AZ 85012	Accounting	$16,500
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ BENEFITS & INS SERVICES INC Service code 10 PO BOX 632886 · CINCINNATI, OH 452632886	Accounting	$8,500
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,400

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$137K

$429 / participant

Investment mgmt$110K80.7%
Other / not subdivided$26K19.3%

% of EOY assets

0.046%

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: PRICE WATERHOUSE COOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$700,483

$104,336+571.4%

$159,495+339.2%

$86,828+706.7%

Participation rate

99.4%

77.7%+21.7pp

82.8%+16.5pp

72.3%+27.1pp

Annual return

37.60%

26.32%+11.3pp

263.72%-226.1pp

97.95%-60.3pp

Employer contribution / active EE

$19,522

$3,451+465.7%

$4,831+304.1%

$2,406+711.3%

Participant deferral / active EE

$14,991

$6,837+119.3%

$7,354+103.9%

$4,132+262.8%

Admin fee / account holder

$324

$172+88.3%

$10,804-97.0%

$170+91.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27

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

Advisory (Plan)

$110,472

MAYER HOFFMAN MCCANN P.C.5 years

Filed as: MAYER HOFFMAN MCCANN PC

Service code 10

3101 N CENTRAL AVE #300 · PHOENIX, AZ 85012

Accounting

$16,500

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ BENEFITS & INS SERVICES INC

Service code 10

PO BOX 632886 · CINCINNATI, OH 452632886

Accounting

$8,500

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,400

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