Retirement plan

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

Name: GENERAL TRADING CO., INC. - GENERAL TRADING CO., INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$25.1M

+11.1% from 2019

Total participants

126

-3.8% from 2019

Average account balance

$241,602

+11.1% from 2019

Annual return

14.34%

-5.37 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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 SERVICES4 years Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$25,213
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$2,273
AMERICAN CENTURY4 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 22-3483675	Indirect Investment Fees	$0
CARON & BLETZER, PLLC4 years Filed as: CARON & BLETZER PLLC Service code 10 · EIN 04-3499945	Accounting	$0
COLUMBIA4 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
DWS FUNDS3 years Service code 52 · EIN 13-2661231	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 13-2649093	Indirect Investment Fees	$0
NATIONWIDE4 years Service code 52 · EIN 36-2434406	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3F3H2T

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

$42K

$410 / participant

Investment mgmt$7K15.6%
Contract admin$2K5.3%
Other / not subdivided$33K79.1%

% of EOY assets

0.166%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$241,602

$81,474+196.5%

$133,971+80.3%

$73,493+228.7%

Participation rate

78.4%

76.4%+2.1pp

79.8%-1.4pp

70.7%+7.7pp

Annual return

14.34%

19.40%-5.1pp

45.09%-30.8pp

28.51%-14.2pp

Employer contribution / active EE

$3,005

$2,209+36.0%

$3,919-23.3%

$2,270+32.4%

Participant deferral / active EE

$6,022

$3,786+59.0%

$5,047+19.3%

$3,740+61.0%

Admin fee / account holder

$402

$713-43.7%

$8,929-95.5%

$513-21.7%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES & ASSOCIATES INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$25,213

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$2,273

AMERICAN CENTURY4 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 22-3483675

Indirect Investment Fees

CARON & BLETZER, PLLC4 years

Filed as: CARON & BLETZER PLLC

Service code 10 · EIN 04-3499945

Accounting

COLUMBIA4 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

DWS FUNDS3 years

Service code 52 · EIN 13-2661231

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 13-2649093

Indirect Investment Fees

NATIONWIDE4 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