Retirement plan

GEMSTAR CONSTRUCTION CORPORATION DEFINED CONTRIBUTION PLAN

Name: GEMSTAR CONSTRUCTION CORPORATION - GEMSTAR CONSTRUCTION CORPORATION DEFINED CONTRIBUTION PLAN (2022) Form 5500
Creator: GEMSTAR CONSTRUCTION CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEMSTAR CONSTRUCTION CORPORATION DEFINED CONTRIBUTION PLAN, GEMSTAR CONSTRUCTION CORPORATION

GEMSTAR CONSTRUCTION CORPORATIONEIN 13-3604901Plan #002PY 2022

83 JEWETT AVE - STATEN ISLAND, NY 10302718-442-8200gemstarcorp.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#001Retirement-$5.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

-11.5% from 2021

Total participants

+7.1% from 2021

Average account balance

$117,684

-14.5% from 2021

Annual return

-16.85%

-32.37 pp from 2021

Benchmarks

See 48,271 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,271 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.09M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

122.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$450K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1377

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 codes2E2J3D

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.
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

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

$213K

$10162 / participant

Other / not subdivided$213K100.0%

% of EOY assets

6.253%

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

$117,684

$133,998-12.2%

$112,263+4.8%

$134,545-12.5%

Participation rate

95.2%

78.6%+16.7pp

75.1%+20.2pp

81.2%+14.0pp

Annual return

-16.85%

47.17%-64.0pp

27.49%-44.3pp

418.37%-435.2pp

Employer contribution / active EE

$6,844

$4,040+69.4%

$3,636+88.2%

$4,742+44.3%

Participant deferral / active EE

$12,412

$5,292+134.5%

$4,729+162.4%

$6,401+93.9%

Admin fee / account holder

$7,359

$7,493-1.8%

$6,410+14.8%

$11,431-35.6%

GEMSTAR CONSTRUCTION CORPORATION DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEMSTAR CONSTRUCTION CORPORATION DEFINED CONTRIBUTION 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