Retirement plan

GO-HIRE EMPLOYMENT, INC. 401K PLAN

Name: GO-HIRE EMPLOYMENT AND DEVELOPMENT, INC. - GO-HIRE EMPLOYMENT, INC. 401K PLAN (2019) Form 5500
Creator: GO-HIRE EMPLOYMENT AND DEVELOPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GO-HIRE EMPLOYMENT, INC. 401K PLAN, GO-HIRE EMPLOYMENT AND DEVELOPMENT, INC.

GO-HIRE EMPLOYMENT AND DEVELOPMENT, INC.EIN 27-3753678Plan #001PY 2019

1116 MAIN STREET - JACKSON, KY 41339606-666-2747gohire.orgLinkedIn501-1000 employees

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$8.2M

+31.5% from 2018

Total participants

1,170

+33.9% from 2018

Average account balance

$8,226

-0.9% from 2018

Annual return

19.25%

+26.03 pp from 2018

Benchmarks

See 689 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort689 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.18M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

1,070

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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 5 by compensation

Provider	Service type	Compensation
MERIDIAN WEALTH MANAGEMENT LLC2 years Service code 27 · EIN 27-0846572	Advisory (Plan)	$42,413
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$27,236
BLUE CHIP RETIREMENT PLANS, INC.2 years Filed as: BLUE & CO LLC Service code 10 · EIN 35-1178661	Accounting	$9,547
ANEW 401K TPA LLC3 years Filed as: ANEW 401(K) TPA, LLC Service code 15 · EIN 81-1963646	Recordkeeping	$6,825
ANEW 401K TPA LLC2 years Service code 15	Recordkeeping	$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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$86K

$98 / participant

Investment mgmt$42K49.3%
Contract admin$27K31.7%
Other / not subdivided$16K19.0%

% of EOY assets

1.044%

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: BLUE & CO., INC.
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,226

$40,522-79.7%

$84,623-90.3%

$67,579-87.8%

Participation rate

80.8%

51.1%+29.7pp

68.2%+12.6pp

71.3%+9.5pp

Annual return

19.25%

32.72%-13.5pp

258.77%-239.5pp

378.56%-359.3pp

Employer contribution / active EE

$669

$1,146-41.6%

$2,652-74.8%

$2,148-68.8%

Participant deferral / active EE

$967

$2,132-54.7%

$3,899-75.2%

$3,539-72.7%

Admin fee / account holder

$86

$145-40.9%

$4,913-98.3%

$142-39.7%

Provider

Service type

Compensation

MERIDIAN WEALTH MANAGEMENT LLC2 years

Service code 27 · EIN 27-0846572

Advisory (Plan)

$42,413

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$27,236

BLUE CHIP RETIREMENT PLANS, INC.2 years

Filed as: BLUE & CO LLC

Service code 10 · EIN 35-1178661

Accounting

$9,547

ANEW 401K TPA LLC3 years

Filed as: ANEW 401(K) TPA, LLC

Service code 15 · EIN 81-1963646

Recordkeeping

$6,825

ANEW 401K TPA LLC2 years

Service code 15

Recordkeeping

GO-HIRE EMPLOYMENT, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GO-HIRE EMPLOYMENT, INC. 401K 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