Retirement plan

GOODWILL INDUSTRIES OF KYOWVA AREA,INC 401(K) PSP

Name: GOODWILL INDUSTRIES OF KYOWVA AREA, INC - GOODWILL INDUSTRIES OF KYOWVA AREA,INC 401(K) PSP (2020) Form 5500
Creator: GOODWILL INDUSTRIES OF KYOWVA AREA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODWILL INDUSTRIES OF KYOWVA AREA,INC 401(K) PSP, GOODWILL INDUSTRIES OF KYOWVA AREA, INC

GOODWILL INDUSTRIES OF KYOWVA AREA, INCEIN 23-7374240Plan #001PY 2020

PO BOX 7365 - HUNTINGTON, WV 25776304-525-7034goodwillhunting.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+10.3% from 2019

Total participants

-17.1% from 2019

Average account balance

$13,010

+32.7% from 2019

Annual return

8.68%

-8.91 pp from 2019

Benchmarks

See 8,767 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,767 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

107

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.

81.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$217K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1492

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

Top 1 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.6+ years Filed as: BRANCH BANKING AND TRUST COMPANY Service code 21 · EIN 56-1368984	Bank Trustee	$13,584

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$14K

$184 / participant

Contract admin$14K100.0%

% of EOY assets

1.322%

all-in expense ratio

Categories reported

1 / 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: SOMERVILLE & COMPANY,PLLC
Auditor EIN: 550372924
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,010

$60,139-78.4%

$90,461-85.6%

$79,856-83.7%

Participation rate

89.2%

65.0%+24.2pp

72.7%+16.5pp

69.6%+19.5pp

Annual return

8.68%

71.96%-63.3pp

1294.76%-1286.1pp

31.71%-23.0pp

Employer contribution / active EE

$385

$2,069-81.4%

$3,264-88.2%

$2,471-84.4%

Participant deferral / active EE

$1,054

$2,939-64.1%

$3,964-73.4%

$3,741-71.8%

Admin fee / account holder

$172

$3,978-95.7%

$5,617-96.9%

$5,306-96.8%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.6+ years

Filed as: BRANCH BANKING AND TRUST COMPANY

Service code 21 · EIN 56-1368984

Bank Trustee

$13,584

GOODWILL INDUSTRIES OF KYOWVA AREA,INC 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODWILL INDUSTRIES OF KYOWVA AREA,INC 401(K) PSP

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