Retirement plan

JOHN GALT STAFFING, INC. RETIREMENT SAVINGS PLAN

Name: JOHN GALT STAFFING, INC. - JOHN GALT STAFFING, INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: JOHN GALT STAFFING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN GALT STAFFING, INC. RETIREMENT SAVINGS PLAN, JOHN GALT STAFFING, INC.

JOHN GALT STAFFING, INC.EIN 04-3374474Plan #001PY 2024

77 SOUTH BEDFORD ST., SUITE 325 - BURLINGTON, MA 01803781-273-9995

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$17.2M

+12.7% from 2023

Total participants

187

+11.3% from 2023

Average account balance

$100,327

+4.2% from 2023

Annual return

13.64%

-3.37 pp from 2023

Benchmarks

See 1,427 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,427 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.16M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

171

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 6 by compensation

Provider	Service type	Compensation
J W COLE FINANCIAL INC4 years Filed as: JW COLE FINANCIAL, INC. Service code 55	Other Commissions	$64,047
NATIONWIDE9 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$30,885
PENSION ASSURANCE LLP1 year Filed as: THE PENSION SERVICE, INC. Service code 15 127 WASHINGTON AVE WEST WING · NORTH HAVEN, CT 06473	Recordkeeping	$12,211
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FIDUCIARY Service code 55 630 DUNDEE RD STE 200-B · NORTHBROOK, IL 60062	Other Commissions	$3,258
PENSION ASSURANCE LLP9 years Filed as: THE PENSION SERVICE INC Service code 15 127 WASHINGTON AVE · NORTH HAVEN, CT 06473	Recordkeeping	$2,359
J W COLE FINANCIAL INC1 year Filed as: JW COLE FINANCIAL INC. Service code 55 4301 ANCHOR PLAZA PKWY, SUITE 450 · TAMPA, FL 33634	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$34K

$278 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.196%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,327

$44,960+123.1%

$84,966+18.1%

$74,495+34.7%

Participation rate

86.8%

49.4%+37.4pp

67.5%+19.3pp

67.2%+19.6pp

Annual return

13.64%

26.24%-12.6pp

66.38%-52.7pp

1364.94%-1351.3pp

Employer contribution / active EE

$5,681

$1,457+289.9%

$2,727+108.3%

$2,623+116.6%

Participant deferral / active EE

$6,747

$2,731+147.1%

$4,519+49.3%

$4,346+55.3%

Admin fee / account holder

$197

$2,209-91.1%

$6,149-96.8%

$1,942-89.9%

Provider

Service type

Compensation

J W COLE FINANCIAL INC4 years

Filed as: JW COLE FINANCIAL, INC.

Service code 55

Other Commissions

$64,047

NATIONWIDE9 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$30,885

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION SERVICE, INC.

Service code 15

127 WASHINGTON AVE WEST WING · NORTH HAVEN, CT 06473

Recordkeeping

$12,211

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FIDUCIARY

Service code 55

630 DUNDEE RD STE 200-B · NORTHBROOK, IL 60062

Other Commissions

$3,258

PENSION ASSURANCE LLP9 years

Filed as: THE PENSION SERVICE INC

Service code 15

127 WASHINGTON AVE · NORTH HAVEN, CT 06473

Recordkeeping

$2,359

J W COLE FINANCIAL INC1 year

Filed as: JW COLE FINANCIAL INC.

Service code 55

4301 ANCHOR PLAZA PKWY, SUITE 450 · TAMPA, FL 33634

Other Commissions

JOHN GALT STAFFING, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN GALT STAFFING, INC. RETIREMENT SAVINGS 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