Retirement plan

FRANK GEORGE & SON, INC. 401(K) PLAN

Name: FRANK GEORGE & SON, INC. - FRANK GEORGE & SON, INC. 401(K) PLAN (2018) Form 5500
Creator: FRANK GEORGE & SON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANK GEORGE & SON, INC. 401(K) PLAN, FRANK GEORGE & SON, INC.

FRANK GEORGE & SON, INC.EIN 16-0951766Plan #001PY 2018

601 UPPER COURT ST. - BINGHAMTON, NY 13904607-775-2222truxoutfitter.comLinkedIn11-50 employeescomputer software

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$264K

+12.4% from 2017

Total participants

+27.3% from 2017

Average account balance

$10,568

-23.6% from 2017

Annual return

-6.41%

-18.35 pp from 2017

Benchmarks

See 22,375 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,375 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$739K

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6995

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 codes2E2G2J3D

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$240 / participant

Other / not subdivided$4K100.0%

% of EOY assets

1.542%

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

$10,568

$135,639-92.2%

$110,241-90.4%

$135,382-92.2%

Participation rate

82.4%

83.5%-1.1pp

79.8%+2.5pp

82.6%-0.3pp

Annual return

-6.41%

513.21%-519.6pp

314.75%-321.2pp

519.77%-526.2pp

Employer contribution / active EE

$1,166

$4,907-76.2%

$3,827-69.5%

$4,779-75.6%

Participant deferral / active EE

$1,614

$5,507-70.7%

$4,672-65.4%

$5,609-71.2%

Admin fee / account holder

$163

$11,457-98.6%

$8,548-98.1%

$10,829-98.5%

FRANK GEORGE & SON, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANK GEORGE & SON, INC. 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