Retirement plan

GOLDMARK PROPERTY MANAGEMENT 401(K) PLAN

Name: GOLDMARK PROPERTY MANAGEMENT, INC. - GOLDMARK PROPERTY MANAGEMENT 401(K) PLAN (2020) Form 5500
Creator: GOLDMARK PROPERTY MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDMARK PROPERTY MANAGEMENT 401(K) PLAN, GOLDMARK PROPERTY MANAGEMENT, INC.

GOLDMARK PROPERTY MANAGEMENT, INC.EIN 45-0369562Plan #001PY 2020

1707 GOLD DRIVE SOUTH, PO BOX 3024 - FARGO, ND 58108701-235-2900goldmark.comLinkedIn201-500 employeesreal estate

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.2M

+19.0% from 2019

Total participants

405

+1.0% from 2019

Average account balance

$54,370

+19.9% from 2019

Annual return

19.36%

-3.82 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.28M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

281

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.

45.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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 1 by compensation

Provider	Service type	Compensation
BELL BANK5 years Service code 10 · EIN 45-0283315	Accounting	$54,128

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

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

$54K

$171 / participant

Contract admin$54K100.0%

% of EOY assets

0.380%

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: WIDMER ROEL PC
Auditor EIN: 450334950
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,370

$56,152-3.2%

$185,827-70.7%

$73,412-25.9%

Participation rate

54.7%

67.6%-12.8pp

78.0%-23.3pp

72.2%-17.4pp

Annual return

19.36%

17.59%+1.8pp

35.96%-16.6pp

59.30%-39.9pp

Employer contribution / active EE

$1,477

$1,532-3.6%

$4,087-63.9%

$2,234-33.9%

Participant deferral / active EE

$2,161

$3,659-40.9%

$5,633-61.6%

$3,806-43.2%

Admin fee / account holder

$207

$132+56.5%

$9,502-97.8%

$158+30.8%

Provider

Service type

Compensation

BELL BANK5 years

Service code 10 · EIN 45-0283315

Accounting

$54,128

GOLDMARK PROPERTY MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDMARK PROPERTY MANAGEMENT 401(K) 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