Retirement plan

GOOD FRIEND ELECTRICAL SUPPLIES, INC. 401(K) PROFIT SHARING PLAN

Name: GOOD FRIEND ELECTRICAL SUPPLIES, INC. - GOOD FRIEND ELECTRICAL SUPPLIES, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: GOOD FRIEND ELECTRICAL SUPPLIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOOD FRIEND ELECTRICAL SUPPLIES, INC. 401(K) PROFIT SHARING PLAN, GOOD FRIEND ELECTRICAL SUPPLIES, INC.

GOOD FRIEND ELECTRICAL SUPPLIES, INC.EIN 21-0715889Plan #001PY 2018

265 ROUTE 37 EAST - TOMS RIVER, NJ 08753732-349-4100goodfriendelectric.comLinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.4M

-7.5% from 2017

Total participants

0.0% from 2017

Average account balance

$61,770

-7.5% from 2017

Annual return

-8.19%

-23.62 pp from 2017

Benchmarks

See 9,277 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,277 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

51.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20365

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 codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participant contribution
Participant 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

$20K

$700 / participant

Other / not subdivided$20K100.0%

% of EOY assets

1.442%

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

$61,770

$72,404-14.7%

$110,243-44.0%

$64,173-3.7%

Participation rate

71.4%

73.3%-1.9pp

79.8%-8.4pp

69.6%+1.9pp

Annual return

-8.19%

-6.29%-1.9pp

314.76%-322.9pp

7.63%-15.8pp

Employer contribution / active EE

$2,282-100.0%

$3,827-100.0%

$2,381-100.0%

Participant deferral / active EE

$1,055

$3,469-69.6%

$4,672-77.4%

$3,470-69.6%

Admin fee / account holder

$891

$5,664-84.3%

$8,548-89.6%

$4,887-81.8%

GOOD FRIEND ELECTRICAL SUPPLIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOOD FRIEND ELECTRICAL SUPPLIES, INC. 401(K) PROFIT SHARING 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