Retirement plan

GELMAN AND NORBERG 401K PLAN

Name: GELMAN AND NORBERG, LLC - GELMAN AND NORBERG 401K PLAN (2020) Form 5500
Creator: GELMAN AND NORBERG, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GELMAN AND NORBERG 401K PLAN, GELMAN AND NORBERG, LLC

GELMAN AND NORBERG, LLCEIN 33-1042875Plan #002PY 2020

8480 E. ORCHARD ROAD, SUITE 5000 - GREENWOOD VILLAGE, CO 80111303-740-8494gelmannorberg.comLinkedIn1-10 employeeslaw practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$839K

+28.2% from 2019

Total participants

0.0% from 2019

Average account balance

$139,766

+28.2% from 2019

Annual return

19.76%

+10.81 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.00M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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

0 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 codes2E2F2G2J3B3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$139,766

$165,399-15.5%

$149,745-6.7%

$158,982-12.1%

Participation rate

33.3%

84.6%-51.2pp

82.5%-49.1pp

82.0%-48.6pp

Annual return

19.76%

348.34%-328.6pp

276.72%-257.0pp

302.99%-283.2pp

Employer contribution / active EE

$970

$5,105-81.0%

$4,646-79.1%

$4,763-79.6%

Participant deferral / active EE

$5,173

$7,183-28.0%

$6,843-24.4%

$5,983-13.5%

Admin fee / account holder

$10,811-100.0%

$9,312-100.0%

$11,252-100.0%

GELMAN AND NORBERG 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GELMAN AND NORBERG 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion