Retirement plan

GENERAL TRADING CO., INC. 401(K) PLAN

Name: GENERAL TRADING CO., INC. - GENERAL TRADING CO., INC. 401(K) PLAN (2019) Form 5500
Creator: GENERAL TRADING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL TRADING CO., INC. 401(K) PLAN, GENERAL TRADING CO., INC.

GENERAL TRADING CO., INC.EIN 22-1720935Plan #001PY 2019

455 16TH STREET - CARLSTADT, NJ 07072201-935-7717LinkedIn51-200 employeescomputer software

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$22.6M

+20.2% from 2018

Total participants

131

-5.8% from 2018

Average account balance

$217,553

+22.6% from 2018

Annual return

19.70%

+23.45 pp from 2018

Benchmarks

See 2,364 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,364 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.23M

Not enough data

1 years with asset history on file

Average account balance

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

$258K

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.

117.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$814K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56991

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

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$19,066
CARON & BLETZER, PLLC3 years Filed as: CARON & BLETZER PLLC Service code 10 · EIN 04-3499945	Accounting	$6,910
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 15 · EIN 04-1590850	Recordkeeping	$2,869
AMERICAN CENTURY3 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52 · EIN 22-3483675	Indirect Investment Fees	$0
COLUMBIA3 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
DWS FUNDS2 years Service code 52 · EIN 13-2661231	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 13-2649093	Indirect Investment Fees	$0
NATIONWIDE3 years Service code 52 · EIN 36-2434406	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$33K

$309 / participant

Contract admin$3K8.0%
Other / not subdivided$30K92.0%

% of EOY assets

0.145%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$217,553

$86,332+152.0%

$125,180+73.8%

$65,185+233.7%

Participation rate

74.5%

75.3%-0.8pp

79.8%-5.3pp

70.2%+4.3pp

Annual return

19.70%

27.43%-7.7pp

43.79%-24.1pp

29.38%-9.7pp

Employer contribution / active EE

$2,865

$2,040+40.5%

$3,866-25.9%

$2,177+31.6%

Participant deferral / active EE

$5,571

$3,537+57.5%

$4,937+12.8%

$3,514+58.5%

Admin fee / account holder

$315

$609-48.4%

$9,703-96.8%

$847-62.9%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES & ASSOCIATES INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$19,066

CARON & BLETZER, PLLC3 years

Filed as: CARON & BLETZER PLLC

Service code 10 · EIN 04-3499945

Accounting

$6,910

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 15 · EIN 04-1590850

Recordkeeping

$2,869

AMERICAN CENTURY3 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK3 years

Service code 52 · EIN 22-3483675

Indirect Investment Fees

COLUMBIA3 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

DWS FUNDS2 years

Service code 52 · EIN 13-2661231

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 13-2649093

Indirect Investment Fees

NATIONWIDE3 years

Service code 52 · EIN 36-2434406

Indirect Investment Fees

GENERAL TRADING CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL TRADING CO., 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