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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$6.0M assets

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$26.4M

+17.5% from 2022

Total participants

1,133

+8.3% from 2022

Average account balance

$25,955

+8.2% from 2022

Annual return

13.41%

-11.34 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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 CONSULTANTS9+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$76,459
SERGIO DECURTIS9+ years Service code 28 · EIN 05-0515232	Investment Management	$39,016
MATRIX TRUST COMPANY4 years Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$26,010
NEW ENGLAND INVESTMENT CONSULTANTS3 years Service code 27 · EIN 20-5493811	Advisory (Plan)	$20,808
JARDIM & MAROTTA, LLC3 years Filed as: JARDIM & MAROTTTA, LLC Service code 10 · EIN 47-5415574	Accounting	$15,150

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$182K

$281 / participant

Recordkeeping$31K17.1%
Trustee / custodial$26K14.3%
Investment mgmt$39K21.4%
Contract admin$38K20.8%
Other / not subdivided$48K26.5%

% of EOY assets

0.690%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEMPLETON & COMPANY, LLP
Auditor EIN: 141918990
Audit fees: $15,150
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,955

$93,010-72.1%

$96,538-73.1%

$74,473-65.1%

Participation rate

82.4%

71.6%+10.9pp

74.3%+8.1pp

70.7%+11.7pp

Annual return

13.41%

37.50%-24.1pp

35.74%-22.3pp

34.36%-21.0pp

Employer contribution / active EE

$1,015

$3,427-70.4%

$3,740-72.9%

$2,638-61.5%

Participant deferral / active EE

$4,058

$3,971+2.2%

$4,880-16.8%

$4,530-10.4%

Admin fee / account holder

$179

$633-71.7%

$6,737-97.3%

$347-48.4%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS9+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$76,459

SERGIO DECURTIS9+ years

Service code 28 · EIN 05-0515232

Investment Management

$39,016

MATRIX TRUST COMPANY4 years

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

$26,010

NEW ENGLAND INVESTMENT CONSULTANTS3 years

Service code 27 · EIN 20-5493811

Advisory (Plan)

$20,808

JARDIM & MAROTTA, LLC3 years

Filed as: JARDIM & MAROTTTA, LLC

Service code 10 · EIN 47-5415574

Accounting

$15,150

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