Retirement plan

GOELLNER, INC. RETIREMENT SAVINGS PLAN

Name: GOELLNER, INC. - GOELLNER, INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: GOELLNER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOELLNER, INC. RETIREMENT SAVINGS PLAN, GOELLNER, INC.

GOELLNER, INC.EIN 36-4348436Plan #001PY 2024

9900 NORTH ALPINE ROAD - MACHESNEY PARK, IL 61115815-636-9900imicci.comLinkedIn1-10 employees

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$24.4M

+10.4% from 2023

Total participants

995

+49.0% from 2023

Average account balance

$28,010

-30.8% from 2023

Annual return

12.24%

-3.22 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.40M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

871

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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
JULY BUSINESS SERVICES2 years Filed as: JULY BUSINESS SERVICES LLC Service code 13 · EIN 74-2715820 P.O. BOX 2208 · WACO, TX 76703	Contract Administrator	$68,995
EPIC RETIREMENT PLAN SERVICES2 years Filed as: HTLF RETIREMENT PLAN SERVICES Service code 26 · EIN 13-2624428 1398 CENTRAL AVENUE · DUBUQUE, IA 52004	Advisory (Participants)	$13,967

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$95K

$107 / participant

Recordkeeping$34K36.2%
Investment mgmt$14K14.7%
Contract admin$35K36.3%
Other / not subdivided$12K12.8%

% of EOY assets

0.390%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTON LARSON ALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,010

$89,093-68.6%

$102,434-72.7%

$77,736-64.0%

Participation rate

86.1%

80.9%+5.1pp

76.5%+9.5pp

70.6%+15.5pp

Annual return

12.24%

25.03%-12.8pp

29.46%-17.2pp

31.26%-19.0pp

Employer contribution / active EE

$924

$2,699-65.8%

$3,023-69.5%

$2,728-66.1%

Participant deferral / active EE

$2,224

$5,147-56.8%

$5,055-56.0%

$4,651-52.2%

Admin fee / account holder

$109

$236-53.7%

$9,462-98.8%

$433-74.8%

Provider

Service type

Compensation

JULY BUSINESS SERVICES2 years

Filed as: JULY BUSINESS SERVICES LLC

Service code 13 · EIN 74-2715820

P.O. BOX 2208 · WACO, TX 76703

Contract Administrator

$68,995

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: HTLF RETIREMENT PLAN SERVICES

Service code 26 · EIN 13-2624428

1398 CENTRAL AVENUE · DUBUQUE, IA 52004

Advisory (Participants)

$13,967

GOELLNER, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOELLNER, INC. RETIREMENT SAVINGS 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