Retirement plan

G2 SOFTWARE SYSTEMS, INC. RETIREMENT PLAN

Name: G2 SOFTWARE SYSTEMS, INC. - G2 SOFTWARE SYSTEMS, INC. RETIREMENT PLAN (2021) Form 5500
Creator: G2 SOFTWARE SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, G2 SOFTWARE SYSTEMS, INC. RETIREMENT PLAN, G2 SOFTWARE SYSTEMS, INC.

G2 SOFTWARE SYSTEMS, INC.EIN 33-0454802Plan #001PY 2021

4025 HANCOCK STREET, SUITE 105 - SAN DIEGO, CA 92110619-222-8025g2ss.comLinkedIn51-200 employeescomputer software

Other plans on this EIN

1 filing

#002Retirement-$11.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.1M

+26.1% from 2020

Total participants

150

-7.4% from 2020

Average account balance

$210,633

+31.4% from 2020

Annual return

22.55%

-0.60 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.37M

Not enough data

1 years with asset history on file

Average account balance

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

$217K

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.

131

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.

71.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$586

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 3 by compensation

Provider	Service type	Compensation
NATIONAL BENEFIT SERVICES, LLC3 years Service code 14 · EIN 20-3886993	Plan Administrator	$32,222
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 27 · EIN 23-2384840	Advisory (Plan)	$31,258
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$19,996

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

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

$83K

$623 / participant

Other / not subdivided$83K100.0%

% of EOY assets

0.333%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY, US LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,633

$104,479+101.6%

$159,474+32.1%

$79,391+165.3%

Participation rate

76.9%

76.6%+0.2pp

82.8%-6.0pp

70.7%+6.2pp

Annual return

22.55%

67.98%-45.4pp

263.68%-241.1pp

116.88%-94.3pp

Employer contribution / active EE

$3,417-100.0%

$4,831-100.0%

$2,428-100.0%

Participant deferral / active EE

$11,564

$6,468+78.8%

$7,353+57.3%

$4,046+185.8%

Admin fee / account holder

$701

$711-1.4%

$10,802-93.5%

$627+12.0%

Provider

Service type

Compensation

NATIONAL BENEFIT SERVICES, LLC3 years

Service code 14 · EIN 20-3886993

Plan Administrator

$32,222

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO CLEARING SERVICES, LLC

Service code 27 · EIN 23-2384840

Advisory (Plan)

$31,258

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$19,996

G2 SOFTWARE SYSTEMS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

G2 SOFTWARE SYSTEMS, INC. RETIREMENT 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