Retirement plan

GALUSHA & SONS, LLC PROFIT SHARING 401(K) PLAN

Name: GALUSHA & SONS, LLC - GALUSHA & SONS, LLC PROFIT SHARING 401(K) PLAN (2019) Form 5500
Creator: GALUSHA & SONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GALUSHA & SONS, LLC PROFIT SHARING 401(K) PLAN, GALUSHA & SONS, LLC

GALUSHA & SONS, LLCEIN 14-1661276Plan #001PY 2019

P.O. BOX 4787 - QUEENSBURY, NY 12804518-761-0400LinkedIn51-200 employeespackage/freight delivery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.6M

+23.6% from 2018

Total participants

+8.4% from 2018

Average account balance

$84,523

+12.6% from 2018

Annual return

19.05%

+24.39 pp from 2018

Benchmarks

See 3,673 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,673 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.29M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

130.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$557K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10878

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

$104K

$1526 / participant

Other / not subdivided$104K100.0%

% of EOY assets

1.364%

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

$84,523

$55,684+51.8%

$75,900+11.4%

$72,976+15.8%

Participation rate

100.0%

61.1%+38.9pp

69.3%+30.7pp

69.5%+30.5pp

Annual return

19.05%

27.60%-8.5pp

30.73%-11.7pp

81.02%-62.0pp

Employer contribution / active EE

$1,029

$1,687-39.0%

$2,501-58.8%

$2,440-57.8%

Participant deferral / active EE

$4,224

$2,634+60.4%

$3,604+17.2%

$3,608+17.1%

Admin fee / account holder

$1,153

$3,981-71.0%

$5,421-78.7%

$5,124-77.5%

GALUSHA & SONS, LLC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GALUSHA & SONS, LLC PROFIT SHARING 401(K) 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