Retirement plan

GOODHART SONS, INC. 401(K) RETIREMENT PLAN

Name: GOODHART SONS, INC. - GOODHART SONS, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: GOODHART SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODHART SONS, INC. 401(K) RETIREMENT PLAN, GOODHART SONS, INC.

GOODHART SONS, INC.EIN 23-1685243Plan #002PY 2023

P.O. BOX 10308 2515 HORSESHOE ROAD - LANCASTER, PA 176050308717-661-6414goodhartsons.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed September 24, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$10.7M

+15.1% from 2022

Total participants

111

0.0% from 2022

Average account balance

$98,685

+16.2% from 2022

Annual return

14.56%

+28.27 pp from 2022

Benchmarks

See 14,466 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,466 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.32M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

120

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

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

+16.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$350

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
DOMANI WEALTH LLC1 year Service code 27 381 MANSFIELD AVENUE, SUITE 500 · PITTSBURGH, PA 152202754	Advisory (Plan)	$17,403
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,450
COMMONWEALTH FINANCIAL NETWORK1 year Filed as: COMMONWEALTH EQUITY SERVICES LLC DB Service code 27 29 SAWYER ROAD · WALTHAM, MA 024533483	Advisory (Plan)	$5,981
PA RETIREMENT SOLUTIONS, INC.2 years Filed as: PA RETIREMENT SOLUTIONS INC Service code 13	Contract Administrator	$5,000
SAVANT CAPITAL MANAGEMENT1 year Filed as: SAVANT CAPITAL LLC Service code 27 190 BUCKLEY DRIVE · ROCKFORD, IL 61107	Advisory (Plan)	$4,072
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,862
PA RETIREMENT SOLUTIONS, INC.1 year Service code 13 1110 N. MOUNTAIN ROAD, SUITE 100 · HARRISBURG, PA 17112	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$35K

$354 / participant

Contract admin$35K100.0%

% of EOY assets

0.325%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,685

$80,968+21.9%

$96,544+2.2%

$75,163+31.3%

Participation rate

96.9%

71.8%+25.2pp

76.0%+21.0pp

67.2%+29.7pp

Annual return

14.56%

27.06%-12.5pp

25.84%-11.3pp

160.62%-146.1pp

Employer contribution / active EE

$2,805

$2,282+22.9%

$2,965-5.4%

$2,670+5.1%

Participant deferral / active EE

$6,030

$3,928+53.5%

$4,851+24.3%

$4,125+46.2%

Admin fee / account holder

$321

$6,724-95.2%

$8,252-96.1%

$5,651-94.3%

Provider

Service type

Compensation

DOMANI WEALTH LLC1 year

Service code 27

381 MANSFIELD AVENUE, SUITE 500 · PITTSBURGH, PA 152202754

Advisory (Plan)

$17,403

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,450

COMMONWEALTH FINANCIAL NETWORK1 year

Filed as: COMMONWEALTH EQUITY SERVICES LLC DB

Service code 27

29 SAWYER ROAD · WALTHAM, MA 024533483

Advisory (Plan)

$5,981

PA RETIREMENT SOLUTIONS, INC.2 years

Filed as: PA RETIREMENT SOLUTIONS INC

Service code 13

Contract Administrator

$5,000

SAVANT CAPITAL MANAGEMENT1 year

Filed as: SAVANT CAPITAL LLC

Service code 27

190 BUCKLEY DRIVE · ROCKFORD, IL 61107

Advisory (Plan)

$4,072

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,862

PA RETIREMENT SOLUTIONS, INC.1 year

Service code 13

1110 N. MOUNTAIN ROAD, SUITE 100 · HARRISBURG, PA 17112

Contract Administrator

GOODHART SONS, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODHART SONS, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

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