Retirement plan

GI ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN AND TRUST 006 GIS

Name: GI ASSOCIATES, LLC - GI ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN AND TRUST 006 GIS (2023) Form 5500
Creator: GI ASSOCIATES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GI ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN AND TRUST 006 GIS, GI ASSOCIATES, LLC

GI ASSOCIATES, LLCEIN 39-1994360Plan #006PY 2023

2801 W KINNICKINNIC PARKWAY SUITE 1 - MILWAUKEE, WI 53215414-908-6507LinkedIn201-500 employees

Other plans on this EIN

1 filing

#101Retirement-$17.1M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$58.3M

+6.3% from 2022

Total participants

353

+6.3% from 2022

Average account balance

$178,762

+1.7% from 2022

Annual return

19.10%

+35.45 pp from 2022

Benchmarks

See 4,042 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,042 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$63.21M

Not enough data

1 years with asset history on file

Average account balance

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

$185K

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.

341

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.78M

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$319

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

See the 8-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
DANA INVESTMENT ADVISORS4 years Filed as: DANA INVESTMENT ADVISORS INC Service code 27 PO BOX 1067 · BROOKFIELD, WI 53008	Advisory (Plan)	$56,165
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,319
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$10,808

Plan features & details

Pension benefit codes2A2E2F2G2J3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$99K

$333 / participant

Recordkeeping$32K32.5%
Investment mgmt$67K67.5%

% of EOY assets

0.170%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,762

$47,126+279.3%

$149,673+19.4%

$74,419+140.2%

Participation rate

90.9%

63.4%+27.5pp

78.8%+12.2pp

70.7%+20.2pp

Annual return

19.10%

22.75%-3.7pp

134.42%-115.3pp

34.38%-15.3pp

Employer contribution / active EE

$5,972

$1,905+213.4%

$4,818+24.0%

$2,637+126.4%

Participant deferral / active EE

$6,181

$2,728+126.6%

$5,680+8.8%

$4,528+36.5%

Admin fee / account holder

$305

$343-11.1%

$13,210-97.7%

$348-12.4%

Provider

Service type

Compensation

DANA INVESTMENT ADVISORS4 years

Filed as: DANA INVESTMENT ADVISORS INC

Service code 27

PO BOX 1067 · BROOKFIELD, WI 53008

Advisory (Plan)

$56,165

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,319

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$10,808

GI ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN AND TRUST 006 GIS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GI ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN AND TRUST 006 GIS

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