Retirement plan

GULF COAST MANUFACTURING, L.L.C. PROFIT SHARING 40 1(K) PLAN

Name: GULF COAST MANUFACTURING, L.L.C. - GULF COAST MANUFACTURING, L.L.C. PROFIT SHARING 40 1(K) PLAN (2022) Form 5500
Creator: GULF COAST MANUFACTURING, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GULF COAST MANUFACTURING, L.L.C. PROFIT SHARING 40 1(K) PLAN, GULF COAST MANUFACTURING, L.L.C.

GULF COAST MANUFACTURING, L.L.C.EIN 26-0673540Plan #001PY 2022

P.O. BOX 1030 - GRAY, LA 70359985-872-0187gulfcoastmfg.comLinkedIn51-200 employeesoil & energy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.9M

-14.7% from 2021

Total participants

106

+1.9% from 2021

Average account balance

$93,540

-12.7% from 2021

Annual return

-16.72%

-32.11 pp from 2021

Benchmarks

See 5,556 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,556 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.98M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$722K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2572

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES AND ASSOC., INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$28,232
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$17,351
ASCENSUS LLC2 years Filed as: RETIREMENT STRATEGIES GROUP, LLC Service code 15 · EIN 72-1450587	Recordkeeping	$996

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$46K

$488 / participant

Contract admin$46K100.0%

% of EOY assets

0.590%

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: BOURGEOIS BENNETT, LLC
Auditor EIN: 720136870
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,540

$73,009+28.1%

$90,760+3.1%

$68,486+36.6%

Participation rate

76.8%

70.8%+6.0pp

75.7%+1.1pp

67.9%+8.9pp

Annual return

-16.72%

-13.81%-2.9pp

-12.16%-4.6pp

-7.85%-8.9pp

Employer contribution / active EE

$2,097

$2,193-4.4%

$2,922-28.2%

$2,597-19.2%

Participant deferral / active EE

$4,009

$3,626+10.5%

$4,565-12.2%

$4,028-0.5%

Admin fee / account holder

$552

$5,896-90.6%

$8,444-93.5%

$5,404-89.8%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES AND ASSOC., INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$28,232

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$17,351

ASCENSUS LLC2 years

Filed as: RETIREMENT STRATEGIES GROUP, LLC

Service code 15 · EIN 72-1450587

Recordkeeping

$996

GULF COAST MANUFACTURING, L.L.C. PROFIT SHARING 40 1(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GULF COAST MANUFACTURING, L.L.C. PROFIT SHARING 40 1(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