Retirement plan

GEMMA SERVICES 403B PLAN

Name: GEMMA SERVICES - GEMMA SERVICES 403B PLAN (2023) Form 5500
Creator: GEMMA SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEMMA SERVICES 403B PLAN, GEMMA SERVICES

GEMMA SERVICESEIN 23-2310084Plan #001PY 2023

512 WEST TOWNSHIP LINE ROAD - PLYMOUTH MEETING, PA 19462610-825-4440gemmaservices.orgLinkedIn501-1000 employeesnon-profit organization management

Prospect flagsHigh retiree %Low assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$15.3M

+16.7% from 2022

Total participants

1,023

+9.5% from 2022

Average account balance

$15,330

-10.2% from 2022

Annual return

16.57%

+30.28 pp from 2022

Benchmarks

See 1,011 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,011 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.31M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

976

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

$1.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
TIAA3 years Service code 19 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NC 10017	Securities Custodian	$100
CBIZ RETIREMENT PLAN SERVICES3 years Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 49 4615 SOUTHWEST FWY FL 3 · HOUSTON, TX 77027	Other Services	$0

Plan features & details

Pension benefit codes3D2F2G2T2L2K2S2M

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$37K

$80 / participant

Investment mgmt$4561.2%
Contract admin$33K90.0%
Other / not subdivided$3K8.8%

% of EOY assets

0.242%

all-in expense ratio

Categories reported

2 / 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: WITHUM, SMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,330

$52,188-70.6%

$86,617-82.3%

$74,440-79.4%

Participation rate

95.3%

66.3%+28.9pp

71.7%+23.6pp

70.7%+24.5pp

Annual return

16.57%

44.46%-27.9pp

591.91%-575.3pp

34.37%-17.8pp

Employer contribution / active EE

$1,185

$2,282-48.1%

$3,023-60.8%

$2,638-55.1%

Participant deferral / active EE

$2,204

$3,383-34.8%

$4,437-50.3%

$4,529-51.3%

Admin fee / account holder

$37

$319-88.4%

$5,613-99.3%

$348-89.3%

Provider

Service type

Compensation

TIAA3 years

Service code 19 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NC 10017

Securities Custodian

$100

CBIZ RETIREMENT PLAN SERVICES3 years

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 49

4615 SOUTHWEST FWY FL 3 · HOUSTON, TX 77027

Other Services

GEMMA SERVICES 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEMMA SERVICES 403B 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