Retirement plan

GMB ARCHITECTURE & ENGINEERING 401K PROFIT SHARING

Name: GMB ARCHITECTURE-ENGINEERING - GMB ARCHITECTURE & ENGINEERING 401K PROFIT SHARING (2019) Form 5500
Creator: GMB ARCHITECTURE-ENGINEERING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GMB ARCHITECTURE & ENGINEERING 401K PROFIT SHARING, GMB ARCHITECTURE-ENGINEERING

GMB ARCHITECTURE-ENGINEERINGEIN 38-1877448Plan #001PY 2019

85 EAST EIGHTH STREET, SUITE 200 - HOLLAND, MI 494233528616-796-0200

Other plans on this EIN

1 filing

#002Retirement-$2.1M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed August 29, 2016 (most recent of 2 filings on file)

Plan administrator

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85 East 8th Street, Suite 200

Holland State: MI Zip Code: 49423

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Plans declared (2)

Executive Compensation Plan of GMB Architecture+Engineering10 emp
Incentive Bonus Plan of GMB Architecture+Engineering20 emp

Total covered: 30 employees

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Total assets (EOY)

$19.3M

+4.8% from 2018

Total participants

141

-11.9% from 2018

Average account balance

$141,893

+18.6% from 2018

Annual return

-2.40%

+4.87 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.08M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

226

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.

91.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.56M

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

+16.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081	Recordkeeping	$4,182

Plan features & details

Pension benefit codes2E2F2G2J2K3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4K

$36 / participant

Contract admin$4K100.0%

% of EOY assets

0.022%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DOLINKA, VANNOORD & COMPANY PLLP
Auditor EIN: 382426290
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,893

$89,652+58.3%

$141,191+0.5%

$65,185+117.7%

Participation rate

95.7%

74.7%+20.9pp

82.5%+13.2pp

70.2%+25.5pp

Annual return

-2.40%

32.79%-35.2pp

71.41%-73.8pp

29.38%-31.8pp

Employer contribution / active EE

$3,784

$3,065+23.5%

$4,736-20.1%

$2,177+73.8%

Participant deferral / active EE

$10,159

$5,691+78.5%

$6,710+51.4%

$3,514+189.1%

Admin fee / account holder

$31

$569-94.6%

$10,264-99.7%

$847-96.4%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.5+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$4,182

GMB ARCHITECTURE & ENGINEERING 401K PROFIT SHARING

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GMB ARCHITECTURE & ENGINEERING 401K PROFIT SHARING

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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