Retirement plan

GLOBAL PROFESSIONAL SERVICES GROUP, INC. 401(K) PLAN

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

GLOBAL PROFESSIONAL SERVICES GROUP, INC.EIN 27-4020779Plan #001PY 2020

1800 ALEXANDER BELL DRIVE,SUITE 410 - RESTON, VA 20191703-682-8250gpsg.coLinkedIn51-200 employees

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$17.4M

+38.6% from 2019

Total participants

122

+23.2% from 2019

Average account balance

$154,200

+19.0% from 2019

Annual return

22.43%

-6.31 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

$34.27M

Not enough data

1 years with asset history on file

Average account balance

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

$202K

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.

170

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+14.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$368

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$11143 / participant

Other / not subdivided$1M100.0%

% of EOY assets

7.163%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,200

$99,957+54.3%

$149,730+3.0%

$73,493+109.8%

Participation rate

92.0%

75.7%+16.3pp

82.5%+9.5pp

70.7%+21.3pp

Annual return

22.43%

53.87%-31.4pp

276.70%-254.3pp

28.51%-6.1pp

Employer contribution / active EE

$16,760

$3,191+425.2%

$4,645+260.8%

$2,270+638.3%

Participant deferral / active EE

$12,310

$6,073+102.7%

$6,843+79.9%

$3,740+229.2%

Admin fee / account holder

$11,045

$551+1905.6%

$9,310+18.6%

$513+2052.6%

GLOBAL PROFESSIONAL SERVICES GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBAL PROFESSIONAL SERVICES GROUP, INC. 401(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