Retirement plan

GUNN MEMORIAL LIBRARY, INC. DISCRETIONARY CONTRIBUTION PLAN AND TRUST

Name: GUNN MEMORIAL LIBRARY, INC. - GUNN MEMORIAL LIBRARY, INC. DISCRETIONARY CONTRIBUTION PLAN AND TRUST (2024) Form 5500
Creator: GUNN MEMORIAL LIBRARY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GUNN MEMORIAL LIBRARY, INC. DISCRETIONARY CONTRIBUTION PLAN AND TRUST, GUNN MEMORIAL LIBRARY, INC.

GUNN MEMORIAL LIBRARY, INC.EIN 06-0691373Plan #001PY 2024

5 WYKEHAM ROAD P.O. BOX 1273 - WASHINGTON, CT 06793860-868-7586gunnlibrary.orgLinkedIn11-50 employeeslibraries

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$107K

+31.4% from 2023

Total participants

+14.3% from 2023

Average account balance

$17,876

+53.3% from 2023

Annual return

9.56%

+5.50 pp from 2023

Benchmarks

See 8,041 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,041 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$107K

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2315

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 codes2E2J

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$14K

Other / not subdivided$14K100.0%

% of EOY assets

12.949%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$17,876

$72,465-75.3%

$67,575-73.5%

$145,884-87.7%

Participation rate

0.0%

76.9%-76.9pp

72.9%-72.9pp

80.3%-80.3pp

Annual return

9.56%

7222.56%-7213.0pp

3528.98%-3519.4pp

551.85%-542.3pp

Employer contribution / active EE

$3,074-100.0%

$2,736-100.0%

$4,662-100.0%

Participant deferral / active EE

$4,786-100.0%

$4,003-100.0%

$6,690-100.0%

Admin fee / account holder

$2,315

$5,515-58.0%

$3,993-42.0%

$13,392-82.7%

GUNN MEMORIAL LIBRARY, INC. DISCRETIONARY CONTRIBUTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GUNN MEMORIAL LIBRARY, INC. DISCRETIONARY CONTRIBUTION PLAN AND TRUST

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