Retirement plan

GALLIVAN COMPANIES 401(K) PLAN

Name: GALLIVAN CORPORATION - GALLIVAN COMPANIES 401(K) PLAN (2017) Form 5500
Creator: GALLIVAN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GALLIVAN COMPANIES 401(K) PLAN, GALLIVAN CORPORATION

GALLIVAN CORPORATIONEIN 14-1806477Plan #001PY 2017

215 OAKWOOD AVE - TROY, NY 12182518-271-6100gallivancompanies.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.9M

+101.6% from 2016

Total participants

234

+69.6% from 2016

Average account balance

$14,826

+115.6% from 2016

Annual return

53.91%

+53.91 pp from 2016

Benchmarks

See 945 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort945 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.55M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

64.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$226K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+18.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$787

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
DR ADVISORY SERVICES2+ years Service code 26 · EIN 20-5173405	Advisory (Participants)	$9,117
CHEMUNG CANAL TRUST COMPANY2+ years Service code 15 · EIN 16-0380815	Recordkeeping	$7,535

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$118 / participant

Investment mgmt$9K35.2%
Contract admin$7K28.2%
Other / not subdivided$10K36.7%

% of EOY assets

1.355%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,826

$36,767-59.7%

$81,473-81.8%

$62,293-76.2%

Participation rate

52.3%

54.4%-2.2pp

68.0%-15.7pp

69.5%-17.2pp

Annual return

53.91%

173.80%-119.9pp

38.78%+15.1pp

28.90%+25.0pp

Employer contribution / active EE

$901

$1,128-20.1%

$2,568-64.9%

$2,042-55.9%

Participant deferral / active EE

$1,605

$2,111-24.0%

$3,537-54.6%

$3,169-49.4%

Admin fee / account holder

$201

$797-74.8%

$4,561-95.6%

$479-58.1%

Provider

Service type

Compensation

DR ADVISORY SERVICES2+ years

Service code 26 · EIN 20-5173405

Advisory (Participants)

$9,117

CHEMUNG CANAL TRUST COMPANY2+ years

Service code 15 · EIN 16-0380815

Recordkeeping

$7,535

GALLIVAN COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GALLIVAN COMPANIES 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