Retirement plan

GLOBAL INFRASTRUCTURE MANAGEMENT, LLC 401K PLAN

Name: GLOBAL INFRASTRUCTURE MANAGEMENT, LLC - GLOBAL INFRASTRUCTURE MANAGEMENT, LLC 401K PLAN (2018) Form 5500
Creator: GLOBAL INFRASTRUCTURE MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBAL INFRASTRUCTURE MANAGEMENT, LLC 401K PLAN, GLOBAL INFRASTRUCTURE MANAGEMENT, LLC

GLOBAL INFRASTRUCTURE MANAGEMENT, LLCEIN 20-5504170Plan #001PY 2018

1345 AVENUE OF THE AMERICAS, 30TH FLOOR - NEW YORK, NY 10105212-315-8100LinkedIn1-10 employees

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$31.8M

+6.2% from 2017

Total participants

167

+13.6% from 2017

Average account balance

$205,256

-4.1% from 2017

Annual return

-4.04%

-26.59 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.00M

Not enough data

1 years with asset history on file

Average account balance

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

$246K

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.

398

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$43K

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$599

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
RPG CONSULTANTS4+ years Service code 15 · EIN 13-4077182 181 SO. FRANKLIN AVENUE · VALLEY STREAM, NY 11581	Recordkeeping	$61,326
UBS FINANCIAL SERVICES INC4+ years Filed as: UBS FINANCIAL SERVICES Service code 26 · EIN 13-2638166 1285 AVENUE OF THE AMERICAS · NEW YORK, NY 100196028	Advisory (Participants)	$60,299
LT TRUST COMPANY4+ years Filed as: MG TRUST COMPANY Service code 18 · EIN 75-3182674 717 17TH STREET · DENVER, CO 80202	Custodial (securities); Custodial (ot...	$12,060

Plan features & details

Pension benefit codes2E2F2G2H2J2K2T3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$134K

$1194 / participant

Investment mgmt$72K54.1%
Other / not subdivided$61K45.9%

% of EOY assets

0.420%

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: CRAIG, FITZSIMMONS & MICHAELS, LLP
Auditor EIN: 112442493
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,256

$79,523+158.1%

$140,019+46.6%

$56,289+264.6%

Participation rate

89.3%

85.7%+3.6pp

87.5%+1.8pp

69.9%+19.4pp

Annual return

-4.04%

2.39%-6.4pp

651.17%-655.2pp

-9.96%+5.9pp

Employer contribution / active EE

$20,647

$3,350+516.3%

$5,605+268.3%

$2,111+878.0%

Participant deferral / active EE

$14,646

$5,129+185.6%

$6,927+111.4%

$3,350+337.2%

Admin fee / account holder

$863

$614+40.4%

$10,705-91.9%

$521+65.6%

Provider

Service type

Compensation

RPG CONSULTANTS4+ years

Service code 15 · EIN 13-4077182

181 SO. FRANKLIN AVENUE · VALLEY STREAM, NY 11581

Recordkeeping

$61,326

UBS FINANCIAL SERVICES INC4+ years

Filed as: UBS FINANCIAL SERVICES

Service code 26 · EIN 13-2638166

1285 AVENUE OF THE AMERICAS · NEW YORK, NY 100196028

Advisory (Participants)

$60,299

LT TRUST COMPANY4+ years

Filed as: MG TRUST COMPANY

Service code 18 · EIN 75-3182674

717 17TH STREET · DENVER, CO 80202

Custodial (securities); Custodial (ot...

$12,060

GLOBAL INFRASTRUCTURE MANAGEMENT, LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBAL INFRASTRUCTURE MANAGEMENT, LLC 401K 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