Retirement plan

GLOBAL FORMING TECHNOLOGIES, LTD 401(K) PLAN

Name: GLOBAL FORMING TECHNOLOGIES, LTD - GLOBAL FORMING TECHNOLOGIES, LTD 401(K) PLAN (2022) Form 5500
Creator: GLOBAL FORMING TECHNOLOGIES, LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBAL FORMING TECHNOLOGIES, LTD 401(K) PLAN, GLOBAL FORMING TECHNOLOGIES, LTD

GLOBAL FORMING TECHNOLOGIES, LTDEIN 04-3751343Plan #001PY 2022

801 CASCADE POINTE LN SUITE 102 - CARY, NC 27513330-477-7925

Other plans on this EIN

1 filing

#002Retirement-$2.6M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$609K

+7.8% from 2021

Total participants

0.0% from 2021

Average account balance

$202,908

+7.8% from 2021

Annual return

-12.04%

-18.60 pp from 2021

Benchmarks

See 23,471 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,471 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19M

Not enough data

1 years with asset history on file

Average account balance

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

$395K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+15.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$366

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 codes2E2J2F2G3D3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

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

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

$202,908

$142,361+42.5%

$119,608+69.6%

$134,509+50.9%

Participation rate

100.0%

82.8%+17.2pp

79.3%+20.7pp

81.2%+18.8pp

Annual return

-12.04%

-12.46%+0.4pp

-14.98%+2.9pp

418.13%-430.2pp

Employer contribution / active EE

$18,300

$5,224+250.3%

$4,232+332.4%

$4,741+286.0%

Participant deferral / active EE

$19,067

$6,468+194.8%

$5,601+240.4%

$6,400+197.9%

Admin fee / account holder

$13,588-100.0%

$10,326-100.0%

$11,427-100.0%

GLOBAL FORMING TECHNOLOGIES, LTD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GLOBAL FORMING TECHNOLOGIES, LTD 401(K) 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