Retirement plan

GEMSTAR CONSTRUCTION CORPORATION DEFINED CONTRIBUTION PLAN

Name: GEMSTAR CONSTRUCTION CORPORATION - GEMSTAR CONSTRUCTION CORPORATION DEFINED CONTRIBUTION PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$5.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.2M

+22.7% from 2022

Total participants

-10.0% from 2022

Average account balance

$155,109

+31.8% from 2022

Annual return

16.65%

+33.50 pp from 2022

Benchmarks

See 51,545 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,545 peers

Snapshot2023

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

$201K

$9143 / participant

Other / not subdivided$201K100.0%

% of EOY assets

4.803%

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

$155,109

$106,280+45.9%

$96,538+60.7%

$139,487+11.2%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

16.65%

38.48%-21.8pp

35.74%-19.1pp

373.84%-357.2pp

Employer contribution / active EE

$6,261

$4,107+52.4%

$3,740+67.4%

$4,755+31.7%

Participant deferral / active EE

$11,497

$5,457+110.7%

$4,880+135.6%

$6,713+71.3%

Admin fee / account holder

$7,450

$7,888-5.5%

$6,737+10.6%

$11,407-34.7%

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