Retirement plan

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

Name: 194502-02 GOULSTON & STORRS PC - GOULSTON & STORRS ASSOCIATES 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: 194502-02 GOULSTON & STORRS PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOULSTON & STORRS ASSOCIATES 401(K) PROFIT SHARING PLAN AND TRUST, 194502-02 GOULSTON & STORRS PC

194502-02 GOULSTON & STORRS PCEIN 04-2738098Plan #006PY 2016

400 ATLANTIC AVENUE - BOSTON, MA 02110617-574-4080goulstonstorrs.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#002Retirement-$152.6M assets #007Retirement-$18.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.9M

-18.1% from 2017

Total participants

125

0.0% from 2017

Average account balance

$68,590

-11.6% from 2017

Annual return

-2.67%

-13.57 pp from 2017

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.09M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

144

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+4.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3H2T

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.
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.
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 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.

Expense breakdown

Schedule H Part II

Admin total

$565K

$7853 / participant

Other / not subdivided$565K100.0%

% of EOY assets

7.168%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,590

$76,551-10.4%

$123,894-44.6%

$62,881+9.1%

Participation rate

86.1%

73.0%+13.1pp

81.4%+4.7pp

69.3%+16.8pp

Annual return

-2.67%

18.68%-21.3pp

47.52%-50.2pp

20.14%-22.8pp

Employer contribution / active EE

$2,882-100.0%

$4,617-100.0%

$2,281-100.0%

Participant deferral / active EE

$14,254

$4,840+194.5%

$5,984+138.2%

$3,203+345.0%

Admin fee / account holder

$4,917

$4,826+1.9%

$8,357-41.2%

$4,296+14.5%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOULSTON & STORRS ASSOCIATES 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