Retirement plan

GERSHMAN INVESTMENT CORP. EMPLOYEES SAVINGS TRUST

Name: GERSHMAN INVESTMENT CORP. - GERSHMAN INVESTMENT CORP. EMPLOYEES SAVINGS TRUST (2024) Form 5500
Creator: GERSHMAN INVESTMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GERSHMAN INVESTMENT CORP. EMPLOYEES SAVINGS TRUST, GERSHMAN INVESTMENT CORP.

GERSHMAN INVESTMENT CORP.EIN 43-0710608Plan #001PY 2024

16253 SWINGLEY RIDGE RD. STE. 200 - CHESTERFIELD, MO 63017314-889-0690gershmaninvestmentcorp.comLinkedIn11-50 employeesfinancial services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$29.3M

+8.4% from 2023

Total participants

284

+3.6% from 2023

Average account balance

$109,085

+6.8% from 2023

Annual return

11.94%

+23.29 pp from 2023

Benchmarks

See 2,174 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,174 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.34M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

269

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES7 years Service code 15 · EIN 16-1450952	Recordkeeping	$60,810
MONETA GROUP LLC5 years Service code 27 · EIN 20-1903821	Advisory (Plan)	$50,925
WITHUMSMITH+BROWN, PC6 years Filed as: RUBIN BROWN LLP Service code 10 · EIN 43-0765316	Accounting	$19,600
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB BANK Service code 19	Securities Custodian	$13,264
CHARLES SCHWAB & CO., INC.6 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

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

Expense breakdown

Schedule H Part II

Admin total

$131K

$569 / participant

Recordkeeping$61K46.3%
Investment mgmt$51K38.8%
Other / not subdivided$20K14.9%

% of EOY assets

0.448%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RUBINBROWN LLP
Auditor EIN: 430765316
Audit fees: $19,600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,085

$122,042-10.6%

$184,243-40.8%

$74,429+46.6%

Participation rate

93.5%

85.5%+8.0pp

86.8%+6.7pp

67.2%+26.3pp

Annual return

11.94%

19.91%-8.0pp

28.82%-16.9pp

1368.38%-1356.4pp

Employer contribution / active EE

$1,954

$4,538-56.9%

$6,427-69.6%

$2,625-25.5%

Participant deferral / active EE

$7,861

$7,143+10.1%

$9,132-13.9%

$4,348+80.8%

Admin fee / account holder

$488

$1,252-61.0%

$13,914-96.5%

$1,944-74.9%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES7 years

Service code 15 · EIN 16-1450952

Recordkeeping

$60,810

MONETA GROUP LLC5 years

Service code 27 · EIN 20-1903821

Advisory (Plan)

$50,925

WITHUMSMITH+BROWN, PC6 years

Filed as: RUBIN BROWN LLP

Service code 10 · EIN 43-0765316

Accounting

$19,600

CHARLES SCHWAB & CO., INC.7 years

Filed as: CHARLES SCHWAB BANK

Service code 19

Securities Custodian

$13,264

CHARLES SCHWAB & CO., INC.6 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

GERSHMAN INVESTMENT CORP. EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GERSHMAN INVESTMENT CORP. EMPLOYEES SAVINGS TRUST

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