Retirement plan

THOMAS F. GOWEN & SONS PROFIT SHARING AND 401(K) PLAN

Name: THOMAS F. GOWEN & SONS, INC. - THOMAS F. GOWEN & SONS PROFIT SHARING AND 401(K) PLAN (2017) Form 5500
Creator: THOMAS F. GOWEN & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOMAS F. GOWEN & SONS PROFIT SHARING AND 401(K) PLAN, THOMAS F. GOWEN & SONS, INC.

THOMAS F. GOWEN & SONS, INC.EIN 23-1714349Plan #001PY 2017

1040 OLD SPROUL ROAD - SPRINGFIELD, PA 19064610-544-3700tfgowen.comLinkedIn11-50 employeessporting goods

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$7.1M

+7.5% from 2016

Total participants

+7.7% from 2016

Average account balance

$544,774

-0.8% from 2016

Annual return

9.09%

+11.92 pp from 2016

Benchmarks

See 22,202 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,202 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.86M

Not enough data

1 years with asset history on file

Average account balance

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

$987K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34100

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 codes2E2F2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$228K

$17513 / participant

Other / not subdivided$228K100.0%

% of EOY assets

3.215%

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

$544,774

$144,130+278.0%

$117,860+362.2%

$147,585+269.1%

Participation rate

92.3%

83.4%+8.9pp

79.7%+12.6pp

82.8%+9.5pp

Annual return

9.09%

531.20%-522.1pp

335.10%-326.0pp

578.58%-569.5pp

Employer contribution / active EE

$3,883

$4,897-20.7%

$3,786+2.6%

$4,876-20.4%

Participant deferral / active EE

$4,316

$5,316-18.8%

$4,482-3.7%

$5,439-20.7%

Admin fee / account holder

$17,513

$10,887+60.9%

$8,021+118.3%

$10,886+60.9%

THOMAS F. GOWEN & SONS PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THOMAS F. GOWEN & SONS PROFIT SHARING AND 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