Retirement plan

G2 SOFTWARE SYSTEMS, INC. RETIREMENT PLAN

Name: G2 SOFTWARE SYSTEMS, INC. - G2 SOFTWARE SYSTEMS, INC. RETIREMENT PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#002Retirement-$13.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.2M

+25.7% from 2022

Total participants

158

+9.7% from 2022

Average account balance

$201,834

+14.7% from 2022

Annual return

22.18%

+40.96 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$31,459
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$25,933
NATIONAL BENEFIT SERVICES, LLC5 years Service code 10 · EIN 20-3886993	Accounting	$9,600

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

$564 / participant

Recordkeeping$17K20.8%
Investment mgmt$31K37.7%
Other / not subdivided$35K41.6%

% of EOY assets

0.331%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HUTCHINSON AND BLOODGOOD LLP
Auditor EIN: 950858589
Audit fees: $9,600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,834

$91,474+120.6%

$135,982+48.4%

$71,529+182.2%

Participation rate

77.7%

75.7%+2.0pp

81.9%-4.2pp

67.9%+9.8pp

Annual return

22.18%

29.89%-7.7pp

68.32%-46.1pp

28.97%-6.8pp

Employer contribution / active EE

$3,705-100.0%

$4,859-100.0%

$2,590-100.0%

Participant deferral / active EE

$12,613

$7,095+77.8%

$7,760+62.5%

$4,291+193.9%

Admin fee / account holder

$668

$1,267-47.3%

$10,767-93.8%

$1,588-58.0%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$31,459

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$25,933

NATIONAL BENEFIT SERVICES, LLC5 years

Service code 10 · EIN 20-3886993

Accounting

$9,600

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