Retirement plan

DAN GERNATT GRAVEL PRODUCTS, INCORPORATED SAVINGS AND SECURITY PLAN

Name: DAN GERNATT GRAVEL PRODUCTS, INC. - DAN GERNATT GRAVEL PRODUCTS, INCORPORATED SAVINGS AND SECURITY PLAN (2017) Form 5500
Creator: DAN GERNATT GRAVEL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAN GERNATT GRAVEL PRODUCTS, INCORPORATED SAVINGS AND SECURITY PLAN, DAN GERNATT GRAVEL PRODUCTS, INC.

DAN GERNATT GRAVEL PRODUCTS, INC.EIN 16-0805847Plan #002PY 2017

13870 TAYLOR HOLLOW ROAD - COLLINS, NY 140340400716-532-3371

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.8M

+13.8% from 2016

Total participants

226

+7.1% from 2016

Average account balance

$98,754

+6.0% from 2016

Annual return

11.87%

+4.31 pp from 2016

Benchmarks

See 301 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort301 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.65M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

233

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.

88.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

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

+9.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$213

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

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
THE RETIREMENT ADVANTAGE INC1 year Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 13 · EIN 39-1816008	Contract Administrator	$12,318
COMMONWEALTH FINANCIAL NETWORK1 year Service code 27 · EIN 04-2675571	Advisory (Plan)	$4,486
BENEFIT PLANNING & ADMINISTRATION1 year Service code 13 · EIN 25-1407261	Contract Administrator	$3,101
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$2,955
ALGER1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 94-2362417	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
PGIM INVESTMENTS1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$7K

$35 / participant

Contract admin$7K100.0%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

1 / 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: DAVID R PAULUS CPA, PLLC
Auditor EIN: 814652606
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,754

$66,180+49.2%

$118,746-16.8%

$62,293+58.5%

Participation rate

97.6%

71.3%+26.3pp

78.3%+19.4pp

69.5%+28.1pp

Annual return

11.87%

60.89%-49.0pp

24.54%-12.7pp

28.90%-17.0pp

Employer contribution / active EE

$1,377

$3,183-56.8%

$4,193-67.2%

$2,042-32.6%

Participant deferral / active EE

$5,410

$4,247+27.4%

$5,332+1.5%

$3,169+70.7%

Admin fee / account holder

$34

$753-95.5%

$10,720-99.7%

$479-93.0%

Provider

Service type

Compensation

THE RETIREMENT ADVANTAGE INC1 year

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 13 · EIN 39-1816008

Contract Administrator

$12,318

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 27 · EIN 04-2675571

Advisory (Plan)

$4,486

BENEFIT PLANNING & ADMINISTRATION1 year

Service code 13 · EIN 25-1407261

Contract Administrator

$3,101

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$2,955

ALGER1 year