Retirement plan

GARNEY HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: GARNEY HOLDING COMPANY - GARNEY HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2021) Form 5500
Creator: GARNEY HOLDING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARNEY HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, GARNEY HOLDING COMPANY

GARNEY HOLDING COMPANYEIN 43-0990829Plan #001PY 2021

1700 SWIFT ST STE 200 - NORTH KANSAS CITY, MO 64116816-741-4600LinkedIn11-50 employeesconstruction

Prospect flagsHigh cashHigh assets / participant

Top hat statement on fileNQDC

Filed February 18, 2016

Plan administrator

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1333 NW Vivion Road

Kansas City State: MO Zip Code: 64118

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Plans declared (1)

Plan name not on file18 emp

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Total assets (EOY)

$1163.1M

-14.6% from 2016

Total participants

1,748

-6.4% from 2016

Average account balance

$665,768

-8.8% from 2016

Annual return

14.07%

-11.34 pp from 2016

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.67B

Not enough data

1 years with asset history on file

Average account balance

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

$646K

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.

2,582

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+23.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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 3 by compensation

Provider	Service type	Compensation
SAGEPOINT FINANCIAL INC2 years Filed as: RESOURCE INVESTMENT ADVISORS Service code 16 · EIN 43-1451524	Consulting	$192,628
THE VANGUARD GROUP, INC.7+ years Filed as: VANGUARD GROUP, INC. Service code 15 · EIN 23-1945930	Recordkeeping	$192,628
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD ADVISORS, INC. Service code 27 · EIN 23-2811930	Advisory (Plan)	$10,015

Plan features & details

Pension benefit codes2E2I2J2K2O2Q2S3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$253K

$161 / participant

Investment mgmt$243K96.0%
Contract admin$10K4.0%

% of EOY assets

0.022%

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: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$665,768

$88,770+650.0%

$109,191+509.7%

$93,010+615.8%

Participation rate

99.9%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.0pp

Annual return

14.07%

60.64%-46.6pp

25.76%-11.7pp

158.70%-144.6pp

Employer contribution / active EE

$15,488

$3,780+309.8%

$3,723+316.0%

$2,705+472.5%

Participant deferral / active EE

$5,121

$3,630+41.1%

$4,653+10.1%

$4,561+12.3%

Admin fee / account holder

$145

$172-16.0%

$6,756-97.9%

$152-4.5%

Provider

Service type

Compensation

SAGEPOINT FINANCIAL INC2 years

Filed as: RESOURCE INVESTMENT ADVISORS

Service code 16 · EIN 43-1451524

Consulting

$192,628

THE VANGUARD GROUP, INC.7+ years

Filed as: VANGUARD GROUP, INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$192,628

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD ADVISORS, INC.

Service code 27 · EIN 23-2811930

Advisory (Plan)

$10,015

GARNEY HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

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

GARNEY HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

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