Retirement plan

GILBERT J. COSTA INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Name: GILBERT J. COSTA INSURANCE AGENCY, INC. - GILBERT J. COSTA INSURANCE AGENCY, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: GILBERT J. COSTA INSURANCE AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GILBERT J. COSTA INSURANCE AGENCY, INC. PROFIT SHARING PLAN, GILBERT J. COSTA INSURANCE AGENCY, INC.

GILBERT J. COSTA INSURANCE AGENCY, INC.EIN 04-3217036Plan #001PY 2020

811 ASHLEY BOULEVARD - NEW BEDFORD, MA 027452401508-995-6492costainsuranceagency.comLinkedIn1-10 employeesinsurance

Prospect flagsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$704K

+13.4% from 2019

Total participants

0.0% from 2019

Average account balance

$100,609

+13.4% from 2019

Annual return

10.25%

-3.38 pp from 2019

Benchmarks

See 32,151 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,151 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$874K

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1462

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

0 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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$100,609

$197,625-49.1%

$177,840-43.4%

$158,966-36.7%

Participation rate

100.0%

88.5%+11.5pp

87.7%+12.3pp

82.0%+18.0pp

Annual return

10.25%

58.76%-48.5pp

48.32%-38.1pp

302.95%-292.7pp

Employer contribution / active EE

$1,417

$6,698-78.8%

$5,919-76.1%

$4,762-70.3%

Participant deferral / active EE

$1,829

$8,405-78.2%

$7,714-76.3%

$5,983-69.4%

Admin fee / account holder

$15,405-100.0%

$12,431-100.0%

$11,250-100.0%

GILBERT J. COSTA INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GILBERT J. COSTA INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion