Retirement plan

GOLDEN STAR TECHNOLOGY, INC. 401(K) PROFIT SHARING

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

GOLDEN STAR TECHNOLOGY, INC.EIN 33-0116008Plan #001PY 2024

12881 166TH STREET - CERRITOS, CA 90703562-345-8700gstinc.comLinkedIn51-200 employeescomputer hardware

Other plans on this EIN

1 filing

#002Retirement-$885K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$8.9M

+20.0% from 2023

Total participants

110

-37.5% from 2023

Average account balance

$83,610

+18.9% from 2023

Annual return

13.06%

-6.31 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.95M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$405

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 99 · EIN 71-0294708	Other Fees	$43,321
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 99 · EIN 47-1411118	Other Fees	$20,947

Plan features & details

Pension benefit codes2G2J2K3D2E2I2O2P

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.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
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.)
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

$43K

$456 / participant

Contract admin$43K99.3%
Other / not subdivided$3000.7%

% of EOY assets

0.484%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THONG, YU, WONG & LEE, LLP
Auditor EIN: 710899369
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,610

$102,385-18.3%

$147,080-43.2%

$80,935+3.3%

Participation rate

96.8%

75.9%+21.0pp

82.2%+14.7pp

67.7%+29.2pp

Annual return

13.06%

135.09%-122.0pp

420.17%-407.1pp

35.66%-22.6pp

Employer contribution / active EE

$3,570

$3,717-3.9%

$4,933-27.6%

$2,757+29.5%

Participant deferral / active EE

$8,563

$6,651+28.7%

$8,066+6.2%

$4,299+99.2%

Admin fee / account holder

$405

$7,951-94.9%

$12,989-96.9%

$6,924-94.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 99 · EIN 71-0294708

Other Fees

$43,321

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 99 · EIN 47-1411118

Other Fees

$20,947

GOLDEN STAR TECHNOLOGY, INC. 401(K) PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDEN STAR TECHNOLOGY, INC. 401(K) PROFIT SHARING

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