Retirement plan

GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN

Name: GEM PLUMBING AND HEATING CO., INC. - GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: GEM PLUMBING AND HEATING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN, GEM PLUMBING AND HEATING CO., INC.

GEM PLUMBING AND HEATING CO., INC.EIN 05-0400832Plan #002PY 2020

1 WELLINGTON RD - LINCOLN, RI 02865401-861-7021

Other plans on this EIN

1 filing

#001Retirement-$5.6M assets

Prospect flagsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12.8M

+23.8% from 2019

Total participants

674

+7.2% from 2019

Average account balance

$20,625

+15.3% from 2019

Annual return

14.35%

-8.27 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.00M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

1,052

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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 5 by compensation

Provider	Service type	Compensation
NEW ENGLAND PENSION CONSULTANTS6+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$23,448
SERGIO DECURTIS6+ years Service code 28 · EIN 05-0515232	Investment Management	$15,141
JMR & COMPANY, LLC3 years Service code 10 · EIN 82-4997518	Accounting	$10,000
MATRIX TRUST COMPANY1 year Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$9,463
TD AMERITRADE, INC.6+ years Filed as: TD AMERITRADE TRUST Service code 19 · EIN 84-0519832	Securities Custodian	$3,154

Plan features & details

Pension benefit codes2E2F2J2G2K3D2S2T

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.
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.
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

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$65K

$152 / participant

Investment mgmt$15K23.4%
Contract admin$4K5.6%
Other / not subdivided$46K71.0%

% of EOY assets

0.503%

all-in expense ratio

Categories reported

2 / 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: JARDIM & MAROTTA, LLC
Auditor EIN: 475415574
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,625

$91,517-77.5%

$101,275-79.6%

$73,412-71.9%

Participation rate

88.0%

73.8%+14.2pp

75.8%+12.2pp

72.2%+15.8pp

Annual return

14.35%

17.17%-2.8pp

46.48%-32.1pp

59.30%-44.9pp

Employer contribution / active EE

$671

$2,877-76.7%

$3,660-81.7%

$2,234-70.0%

Participant deferral / active EE

$2,682

$3,338-19.7%

$4,371-38.6%

$3,806-29.5%

Admin fee / account holder

$104

$216-51.9%

$5,948-98.3%

$158-34.3%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS6+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$23,448

SERGIO DECURTIS6+ years

Service code 28 · EIN 05-0515232

Investment Management

$15,141

JMR & COMPANY, LLC3 years

Service code 10 · EIN 82-4997518

Accounting

$10,000

MATRIX TRUST COMPANY1 year

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

$9,463

TD AMERITRADE, INC.6+ years

Filed as: TD AMERITRADE TRUST

Service code 19 · EIN 84-0519832

Securities Custodian

$3,154

GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING 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