Retirement plan

GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION 403(B) RETIREMENT PLAN

Name: GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION - GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION 403(B) RETIREMENT PLAN (2016) Form 5500
Creator: GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION 403(B) RETIREMENT PLAN, GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION

GREAT LAKES TRAINING AND DEVELOPMENT CORPORATIONEIN 39-1488776Plan #001PY 2016

3733 DEWEY STREET - MANITOWOC, WI 54220920-683-2879LinkedIn11-50 employeesstaffing and recruiting

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

No prior year

Average account balance

$76,410

No prior year

Annual return

2.82%

No prior year

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$548K

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

350.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+13.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63

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 codes2F2G2M

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$34K

$2437 / participant

Other / not subdivided$34K100.0%

% of EOY assets

3.189%

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

$76,410

$90,486-15.6%

$78,676-2.9%

$273,972-72.1%

Participation rate

85.7%

76.5%+9.2pp

73.6%+12.1pp

83.0%+2.7pp

Annual return

2.82%

75.62%-72.8pp

62.19%-59.4pp

41.46%-38.6pp

Employer contribution / active EE

$2,760

$3,175-13.1%

$2,850-3.2%

$4,869-43.3%

Participant deferral / active EE

$4,602

$3,901+18.0%

$3,517+30.9%

$5,287-13.0%

Admin fee / account holder

$2,437

$5,263-53.7%

$4,510-46.0%

$10,133-75.9%

GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT LAKES TRAINING AND DEVELOPMENT CORPORATION 403(B) 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