Retirement plan

GUNDERSEN LUTHERAN EMPLOYEES' RETIREMENT PLAN

Name: GUNDERSEN LUTHERAN ADMINISTRATIVE SERVICES, INC. - GUNDERSEN LUTHERAN EMPLOYEES' RETIREMENT PLAN (2023) Form 5500
Creator: GUNDERSEN LUTHERAN ADMINISTRATIVE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GUNDERSEN LUTHERAN EMPLOYEES' RETIREMENT PLAN, GUNDERSEN LUTHERAN ADMINISTRATIVE SERVICES, INC.

GUNDERSEN LUTHERAN ADMINISTRATIVE SERVICES, INC.EIN 39-1606449Plan #002PY 2023

1900 SOUTH AVENUE - LA CROSSE, WI 54601608-782-7300

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$2517.4M

-8.1% from 2016

Total participants

10,623

-4.3% from 2016

Average account balance

$255,678

-5.3% from 2016

Annual return

18.98%

-9.04 pp from 2016

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort224 peers

Snapshot2023

Participant deferral / active EE

$5,600

median $3,891

Employer contribution / active EE

$10,075

median $1,822

Participation rate

90.7%

median 84.7%

100

Avg account balance

$255,678

median $50,688

Admin fee / account holder

$223

median $57

Annual return

18.98%

median 18.52%

Overall peer rank

62of 100

62nd percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$2.87B

Average account balance

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

$257K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

11,187

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.6%

Contributions (total)

Employer and participant dollars contributed each year

$151.20M

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.56%

Admin fee / account holder

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

$225

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 7 by compensation

Provider	Service type	Compensation
SIT INVESTMENT ASSOCIATES9+ years Filed as: SIT INV ASSOC. Service code 28 · EIN 41-1404829	Investment Management	$640,034
DODGE & COX9+ years Service code 28 · EIN 95-1441976	Investment Management	$624,055
AMERICAN UNITED LIFE INSURANCE CO8 years Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$544,228
SYSTEMATIC FINANCIAL MANAGEMENT6 years Service code 28 · EIN 22-3367558	Investment Management	$357,249
HAWKINS ASH CPAS9+ years Filed as: HAWKINS ASH CPAS, LLP Service code 10 · EIN 39-0912608	Accounting	$18,500
GODFREY & KAHN1 year Filed as: GODFREY & KAHN, S.C. Service code 29 833 EAST MICHIGAN STREET, SUITE 180 · MILWAUKEE, WI 53202	Legal	$5,755
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.2M

$262 / participant

Investment mgmt$2M74.0%
Legal$8K0.4%
Contract admin$544K24.8%
Other / not subdivided$19K0.8%

% of EOY assets

0.087%

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: HAWKINS ASH CPAS, LLP
Auditor EIN: 390912608
Audit fees: $18,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$255,678

$59,312+331.1%

$149,740+70.7%

$103,657+146.7%

Participation rate

90.7%

70.3%+20.4pp

78.8%+11.9pp

73.4%+17.3pp

Annual return

18.98%

78.03%-59.1pp

134.51%-115.5pp

33.13%-14.2pp

Employer contribution / active EE

$10,075

$2,187+360.7%

$4,821+109.0%

$3,216+213.3%

Participant deferral / active EE

$5,600

$3,719+50.6%

$5,683-1.5%

$5,218+7.3%

Admin fee / account holder

$223

$103+116.8%

$13,222-98.3%

$114+95.1%

Provider

Service type

Compensation

SIT INVESTMENT ASSOCIATES9+ years

Filed as: SIT INV ASSOC.

Service code 28 · EIN 41-1404829

Investment Management

$640,034

DODGE & COX9+ years

Service code 28 · EIN 95-1441976

Investment Management

$624,055

AMERICAN UNITED LIFE INSURANCE CO8 years

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$544,228

SYSTEMATIC FINANCIAL MANAGEMENT6 years

Service code 28 · EIN 22-3367558

Investment Management

$357,249

HAWKINS ASH CPAS9+ years

Filed as: HAWKINS ASH CPAS, LLP

Service code 10 · EIN 39-0912608

Accounting

$18,500

GODFREY & KAHN1 year

Filed as: GODFREY & KAHN, S.C.

Service code 29

833 EAST MICHIGAN STREET, SUITE 180 · MILWAUKEE, WI 53202

Legal

$5,755

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

GUNDERSEN LUTHERAN EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GUNDERSEN LUTHERAN EMPLOYEES' 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