Retirement plan

GENERAL DATA COMPANY INC. 401(K) PROFIT SHARING PLAN

Name: GENERAL DATA COMPANY INC. - GENERAL DATA COMPANY INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GENERAL DATA COMPANY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL DATA COMPANY INC. 401(K) PROFIT SHARING PLAN, GENERAL DATA COMPANY INC.

GENERAL DATA COMPANY INC.EIN 25-1409703Plan #001PY 2024

4354 FERGUSON DR. - CINCINNATI, OH 452451667513-752-7978general-data.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$18.3M

+13.1% from 2023

Total participants

325

-5.8% from 2023

Average account balance

$73,383

+18.6% from 2023

Annual return

19.82%

+5.26 pp from 2023

Benchmarks

See 1,157 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,157 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.35M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

250

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.

70.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+19.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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 6 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK4 years Filed as: COMMONWEALTH EQUITY SERVICES Service code 99 · EIN 04-2675571	Other Fees	$30,152
RUZOMBERKA HOLLAND RENK SMITH1 year Filed as: RUZOMBERKA HOLLAND SMITH, INC. Service code 99 · EIN 33-3000333	Other Fees	$17,000
CREATIVE RETIREMENT SYSTEMS, INC.3 years Filed as: CREATIVE RETIREMENT SYSTEMS, INC Service code 49 25 MERCHANT STREET, SUITE 135 · CINCINNATI, OH 45246	Other Services	$8,124
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$6,231
MORNINGSTAR2 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$2,465
VOYA RETIREMENT INSURANCE & ANNUITY6 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$148 / participant

Investment mgmt$10K25.1%
Contract admin$11K28.1%
Other / not subdivided$18K46.8%

% of EOY assets

0.208%

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: RUZOMBERKA HOLLAND SMITH, INC.
Auditor EIN: 251899140
Audit fees: $17,000
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,383

$92,186-20.4%

$105,624-30.5%

$77,762-5.6%

Participation rate

70.9%

81.0%-10.1pp

75.3%-4.3pp

70.6%+0.3pp

Annual return

19.82%

17.83%+2.0pp

116.20%-96.4pp

31.27%-11.4pp

Employer contribution / active EE

$953

$3,376-71.8%

$3,168-69.9%

$2,728-65.1%

Participant deferral / active EE

$4,096

$5,395-24.1%

$5,013-18.3%

$4,651-11.9%

Admin fee / account holder

$153

$219-30.4%

$10,961-98.6%

$433-64.8%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK4 years

Filed as: COMMONWEALTH EQUITY SERVICES

Service code 99 · EIN 04-2675571

Other Fees

$30,152

RUZOMBERKA HOLLAND RENK SMITH1 year

Filed as: RUZOMBERKA HOLLAND SMITH, INC.

Service code 99 · EIN 33-3000333

Other Fees

$17,000

CREATIVE RETIREMENT SYSTEMS, INC.3 years

Filed as: CREATIVE RETIREMENT SYSTEMS, INC

Service code 49

25 MERCHANT STREET, SUITE 135 · CINCINNATI, OH 45246

Other Services

$8,124

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$6,231

MORNINGSTAR2 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$2,465

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 64 · EIN 71-0294708

Recordkeeping Fees

GENERAL DATA COMPANY INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL DATA COMPANY INC. 401(K) PROFIT SHARING 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