Retirement plan

GETAWAYS 401K

Name: GETAWAYS INC. - GETAWAYS 401K (2020) Form 5500
Creator: GETAWAYS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GETAWAYS 401K, GETAWAYS INC.

GETAWAYS INC.EIN 23-2671864Plan #001PY 2020

264 HIGHLAND PARK BLVD - WILKES BARRE, PA 18702570-208-1986

Prospect flagsHigh feesLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$7.3M

+15.5% from 2019

Total participants

211

-5.4% from 2019

Average account balance

$43,166

+16.2% from 2019

Annual return

15.15%

-5.84 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.75M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

146

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.

54.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$752K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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 3 by compensation

Provider	Service type	Compensation
BENEFIT PLAN ADMINISTRATORS6+ years Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502	Recordkeeping	$28,838
LPL FINANCIAL1 year Service code 26 · EIN 16-1560433 ONEGROUP CENTER 706 N. CLINTON ST. · SYRACUSE, NY 13204	Advisory (Participants)	$22,987
KRONICK KALADA BERDY & CO., P.C.1 year Filed as: KRONICK KALADA BERDY & CO Service code 10 · EIN 23-2667890	Accounting	$8,300

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$60K

$356 / participant

Investment mgmt$38K62.8%
Contract admin$14K23.4%
Other / not subdivided$8K13.8%

% of EOY assets

0.819%

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: KRONICK KALADA BERDY & CO P.C.
Auditor EIN: 232667890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,166

$99,957-56.8%

$149,715-71.2%

$73,493-41.3%

Participation rate

75.7%

75.7%0pp

82.5%-6.7pp

70.7%+5.1pp

Annual return

15.15%

53.87%-38.7pp

276.66%-261.5pp

28.51%-13.4pp

Employer contribution / active EE

$268

$3,191-91.6%

$4,645-94.2%

$2,270-88.2%

Participant deferral / active EE

$3,201

$6,073-47.3%

$6,842-53.2%

$3,740-14.4%

Admin fee / account holder

$354

$551-35.8%

$9,310-96.2%

$513-31.1%

Provider

Service type

Compensation

BENEFIT PLAN ADMINISTRATORS6+ years

Service code 15 · EIN 16-1503696

6 RHOADS DRIVE · UTICA, NY 13502

Recordkeeping

$28,838

LPL FINANCIAL1 year

Service code 26 · EIN 16-1560433

ONEGROUP CENTER 706 N. CLINTON ST. · SYRACUSE, NY 13204

Advisory (Participants)

$22,987

KRONICK KALADA BERDY & CO., P.C.1 year

Filed as: KRONICK KALADA BERDY & CO

Service code 10 · EIN 23-2667890

Accounting

$8,300

GETAWAYS 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GETAWAYS 401K

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