Retirement plan

GILSTON ELECTRICAL CONTRACTING CORP. 401(K) RETIREMENT PLAN

Name: GILSTON ELECTRICAL CONTRACTING CORP. - GILSTON ELECTRICAL CONTRACTING CORP. 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: GILSTON ELECTRICAL CONTRACTING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GILSTON ELECTRICAL CONTRACTING CORP. 401(K) RETIREMENT PLAN, GILSTON ELECTRICAL CONTRACTING CORP.

GILSTON ELECTRICAL CONTRACTING CORP.EIN 13-3059757Plan #001PY 2016

338 EAST 95TH STREET - NEW YORK, NY 101285703212-410-7800gilstonelectric.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$7.2M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.6M

+10.1% from 2015

Total participants

+3.8% from 2015

Average account balance

$64,593

+10.1% from 2015

Annual return

7.17%

+6.67 pp from 2015

Benchmarks

See 35,835 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort35,835 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.92M

Not enough data

1 years with asset history on file

Average account balance

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

$497K

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.

173.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$347K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11465

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 codes2E2F2G2J3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$8K

$401 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.522%

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

$64,593

$99,345-35.0%

$84,753-23.8%

$273,972-76.4%

Participation rate

90.5%

80.7%+9.8pp

76.6%+13.9pp

83.0%+7.5pp

Annual return

7.17%

22.93%-15.8pp

22.78%-15.6pp

41.46%-34.3pp

Employer contribution / active EE

$4,214-100.0%

$3,574-100.0%

$4,869-100.0%

Participant deferral / active EE

$2,059

$4,270-51.8%

$3,712-44.5%

$5,287-61.1%

Admin fee / account holder

$337

$6,645-94.9%

$5,333-93.7%

$10,133-96.7%

GILSTON ELECTRICAL CONTRACTING CORP. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GILSTON ELECTRICAL CONTRACTING CORP. 401(K) RETIREMENT 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