Retirement plan

GLOBAL TELECOMMUNICATIONS SERVICES, INC. PROFIT SHARING 401(K) PLAN

Name: GLOBAL TELECOMMUNICATIONS SERVICES, INC. - GLOBAL TELECOMMUNICATIONS SERVICES, INC. PROFIT SHARING 401(K) PLAN (2019) Form 5500
Creator: GLOBAL TELECOMMUNICATIONS SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBAL TELECOMMUNICATIONS SERVICES, INC. PROFIT SHARING 401(K) PLAN, GLOBAL TELECOMMUNICATIONS SERVICES, INC.

GLOBAL TELECOMMUNICATIONS SERVICES, INC.EIN 36-4220131Plan #001PY 2019

CARE OF CARNOW AND ASSOCIATES, LTD., 778 FRONTAGE ROAD, SUITE 101 - NORTHFIELD, IL 60093847-501-4622

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$880K

No prior year

Total participants

No prior year

Average account balance

No prior year

Annual return

15.86%

No prior year

Benchmarks

See 31,991 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,991 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.92M

Not enough data

1 years with asset history on file

Average account balance

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

$383K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3278

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 codes2E2G2J2R3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9K

$2333 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.061%

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

$183,988-100.0%

$162,177-100.0%

$152,897-100.0%

Participation rate

0.0%

88.5%-88.5pp

87.6%-87.6pp

82.5%-82.5pp

Annual return

15.86%

150.79%-134.9pp

115.60%-99.7pp

345.43%-329.6pp

Employer contribution / active EE

$11,143

$6,370+74.9%

$5,613+98.5%

$4,764+133.9%

Participant deferral / active EE

$11,000

$8,032+36.9%

$7,297+50.8%

$5,851+88.0%

Admin fee / account holder

$13,123-100.0%

$10,843-100.0%

$11,599-100.0%

GLOBAL TELECOMMUNICATIONS SERVICES, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBAL TELECOMMUNICATIONS SERVICES, INC. PROFIT SHARING 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