Retirement plan

401(K) PLAN OF GOODWILL OF THE GREAT PLAINS

Name: GOODWILL OF THE GREAT PLAINS - 401(K) PLAN OF GOODWILL OF THE GREAT PLAINS (2020) Form 5500
Creator: GOODWILL OF THE GREAT PLAINS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN OF GOODWILL OF THE GREAT PLAINS, GOODWILL OF THE GREAT PLAINS

GOODWILL OF THE GREAT PLAINSEIN 42-0727509Plan #002PY 2020

3100 W. FOURTH STREET - SIOUX CITY, IA 51103712-258-4511goodwillgreatplains.orgLinkedIn501-1000 employeesnon-profit organization management

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed July 28, 2020 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

3100 West 4th Street

Sioux City, IA 51103

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Plans declared (1)

Goodwill of the Great Plains 457(f) Nonqualified Deferred Compensation Plan1 emp

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Total assets (EOY)

$7.4M

+13.5% from 2019

Total participants

319

-5.6% from 2019

Average account balance

$37,933

+30.4% from 2019

Annual return

12.79%

-4.68 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.66M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

160

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.

38.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$627K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$304

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111	Recordkeeping Fees	$21,679
SILVERSTONE ASSET MANAGEMENT INC5 years Filed as: SILVERSTONE ASSET MGMT, INC. Service code 27 · EIN 20-1113894 11516 MIRACLE HILLS DRIVE · OMAHA, NE 68154	Advisory (Plan)	$15,865
GOLDLEAF PARTNERS2 years Filed as: GOLDLEAF PARTNERS SERVICES Service code 13 PO BOX 806 · BRAINERD, MN 56401	Contract Administrator	$4,131
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,683

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$40K

$157 / participant

Contract admin$40K100.0%

% of EOY assets

0.546%

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: KING, REINSCH, PROSSER, & CO., LLP
Auditor EIN: 420941961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,933

$52,293-27.5%

$178,503-78.7%

$73,412-48.3%

Participation rate

51.8%

65.3%-13.6pp

81.9%-30.2pp

72.2%-20.4pp

Annual return

12.79%

34.75%-22.0pp

151.12%-138.3pp

59.30%-46.5pp

Employer contribution / active EE

$890

$1,736-48.7%

$5,011-82.2%

$2,234-60.2%

Participant deferral / active EE

$1,194

$2,333-48.8%

$5,202-77.0%

$3,806-68.6%

Admin fee / account holder

$207

$127+62.5%

$13,987-98.5%

$158+31.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111

Recordkeeping Fees

$21,679

SILVERSTONE ASSET MANAGEMENT INC5 years

Filed as: SILVERSTONE ASSET MGMT, INC.

Service code 27 · EIN 20-1113894

11516 MIRACLE HILLS DRIVE · OMAHA, NE 68154

Advisory (Plan)

$15,865

GOLDLEAF PARTNERS2 years

Filed as: GOLDLEAF PARTNERS SERVICES

Service code 13

PO BOX 806 · BRAINERD, MN 56401

Contract Administrator

$4,131

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,683

401(K) PLAN OF GOODWILL OF THE GREAT PLAINS

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN OF GOODWILL OF THE GREAT PLAINS

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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