Retirement plan

GOVIND DEVELOPMENT LLC 401(K) PLAN

Name: GOVIND DEVELOPMENT LLC - GOVIND DEVELOPMENT LLC 401(K) PLAN (2020) Form 5500
Creator: GOVIND DEVELOPMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOVIND DEVELOPMENT LLC 401(K) PLAN, GOVIND DEVELOPMENT LLC

GOVIND DEVELOPMENT LLCEIN 20-3218585Plan #001PY 2020

9510 LEOPARD ST - CORPUS CHRISTI, TX 784101606361-241-2777govinddevelopment.comLinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow returnsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$3.7M

-18.4% from 2019

Total participants

116

-19.4% from 2019

Average account balance

$49,812

+20.7% from 2019

Annual return

9.78%

-6.53 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$241K

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$489704

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

Top 5 by compensation

Provider	Service type	Compensation
ADMIN3161 year Filed as: ADMINS316 Service code 14 · EIN 81-0759783 4639 CORONA DR STE 26 · CORPUS CHRISTI, TX 78411	Plan Administrator	$11,713
ALLIANCE BENEFIT GROUP1 year Filed as: ALLIANCE BENEFIT GROUP ROCKY MOUNTA Service code 15 · EIN 87-0364490 7090 SOUTH UNION PARK DRIVE · SALT LAKE CITY, UT 84047	Recordkeeping	$6,583
WOODBURRY FINANCIAL SERVICES, INC1 year Service code 27 · EIN 41-0944986 5830 MCARDLE, SUITE 204 · CORPUS CHRISTI, TX 78412	Advisory (Plan)	$5,033
STONEWATER WEALTH MANAGEMENT2 years Filed as: STONEWATER WEALTH Service code 27 · EIN 46-0638297 2017 EAST PEARL STREET · GRANBURY, TX 76048	Advisory (Plan)	$3,639
MATRIX TRUST COMPANY2 years Filed as: MATRIX TRUST Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$0

Plan features & details

Pension benefit codes2G3D2F2E2J2K2T

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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$34K

$347 / participant

Investment mgmt$12K35.9%
Contract admin$12K34.8%
Other / not subdivided$10K29.3%

% of EOY assets

0.900%

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: PARK FOWLER & CO., PLLC
Auditor EIN: 742900323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,812

$98,760-49.6%

$149,715-66.7%

$79,858-37.6%

Participation rate

57.7%

75.8%-18.0pp

82.5%-24.7pp

69.6%-11.9pp

Annual return

9.78%

27.43%-17.6pp

276.66%-266.9pp

31.72%-21.9pp

Employer contribution / active EE

$247

$3,217-92.3%

$4,645-94.7%

$2,471-90.0%

Participant deferral / active EE

$4,003

$5,681-29.5%

$6,842-41.5%

$3,740+7.0%

Admin fee / account holder

$448

$6,053-92.6%

$9,310-95.2%

$5,306-91.5%

Provider

Service type

Compensation

ADMIN3161 year

Filed as: ADMINS316

Service code 14 · EIN 81-0759783

4639 CORONA DR STE 26 · CORPUS CHRISTI, TX 78411

Plan Administrator

$11,713

ALLIANCE BENEFIT GROUP1 year

Filed as: ALLIANCE BENEFIT GROUP ROCKY MOUNTA

Service code 15 · EIN 87-0364490

7090 SOUTH UNION PARK DRIVE · SALT LAKE CITY, UT 84047

Recordkeeping

$6,583

WOODBURRY FINANCIAL SERVICES, INC1 year

Service code 27 · EIN 41-0944986

5830 MCARDLE, SUITE 204 · CORPUS CHRISTI, TX 78412

Advisory (Plan)

$5,033

STONEWATER WEALTH MANAGEMENT2 years

Filed as: STONEWATER WEALTH

Service code 27 · EIN 46-0638297

2017 EAST PEARL STREET · GRANBURY, TX 76048

Advisory (Plan)

$3,639

MATRIX TRUST COMPANY2 years

Filed as: MATRIX TRUST

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

GOVIND DEVELOPMENT LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOVIND DEVELOPMENT LLC 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