Retirement plan

GDM SEEDS, INC. EMPLOYEE SAVINGS TRUST

Name: GDM SEEDS, INC. - GDM SEEDS, INC. EMPLOYEE SAVINGS TRUST (2024) Form 5500
Creator: GDM SEEDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GDM SEEDS, INC. EMPLOYEE SAVINGS TRUST, GDM SEEDS, INC.

GDM SEEDS, INC.EIN 20-8942851Plan #001PY 2024

2100 S. OAK STREET, SUITE 100 - CHAMPAIGN, IL 61820217-560-6400

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$9.4M

+63.5% from 2023

Total participants

245

+70.1% from 2023

Average account balance

$45,368

+13.8% from 2023

Annual return

57.57%

+27.03 pp from 2023

Benchmarks

See 574 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort574 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.39M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

207

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+57.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC-RPCP Service code 26 · EIN 95-2834236 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Participants)	$35,415
NATIONWIDE3 years Service code 13 · EIN 31-1592130 ONE NATIONWIED PLAZA · COLUMBUS, OH 73215	Contract Administrator	$25,470
DEFINITI LLC1 year Service code 10 · EIN 85-0833363 2201 TIMBERLOCH PL · THE WOODLANDS, TX 77380	Accounting	$4,050
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FIDUCIARY Service code 49 · EIN 26-2409128 5440 W 100TH ST · SHAWNEE MISSION, KS 66211	Other Services	$1,698

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$42K

$238 / participant

Contract admin$42K100.0%

% of EOY assets

0.444%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARTIN HOOD LLC
Auditor EIN: 371119790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,368

$62,409-27.3%

$120,524-62.4%

$74,429-39.0%

Participation rate

78.3%

56.8%+21.5pp

71.9%+6.4pp

67.2%+11.1pp

Annual return

57.57%

18.62%+39.0pp

107.36%-49.8pp

1368.38%-1310.8pp

Employer contribution / active EE

$3,228

$1,847+74.8%

$3,469-6.9%

$2,625+23.0%

Participant deferral / active EE

$5,202

$2,888+80.1%

$4,994+4.2%

$4,348+19.6%

Admin fee / account holder

$201

$2,394-91.6%

$9,440-97.9%

$1,944-89.6%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC-RPCP

Service code 26 · EIN 95-2834236

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Participants)

$35,415

NATIONWIDE3 years

Service code 13 · EIN 31-1592130

ONE NATIONWIED PLAZA · COLUMBUS, OH 73215

Contract Administrator

$25,470

DEFINITI LLC1 year

Service code 10 · EIN 85-0833363

2201 TIMBERLOCH PL · THE WOODLANDS, TX 77380

Accounting

$4,050

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FIDUCIARY

Service code 49 · EIN 26-2409128

5440 W 100TH ST · SHAWNEE MISSION, KS 66211

Other Services

$1,698

GDM SEEDS, INC. EMPLOYEE SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GDM SEEDS, INC. EMPLOYEE SAVINGS TRUST

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