Retirement plan

GOODMAN NORTH AMERICA MANAGEMENT 401(K) PLAN

Name: GOODMAN NORTH AMERICA MANAGEMENT LLC - GOODMAN NORTH AMERICA MANAGEMENT 401(K) PLAN (2024) Form 5500
Creator: GOODMAN NORTH AMERICA MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODMAN NORTH AMERICA MANAGEMENT 401(K) PLAN, GOODMAN NORTH AMERICA MANAGEMENT LLC

GOODMAN NORTH AMERICA MANAGEMENT LLCEIN 45-5228056Plan #001PY 2024

3333 MICHELSON DRIVE, SUITE 1050 - IRVINE, CA 926121093949-407-0131

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.9M

+15.5% from 2023

Total participants

-1.2% from 2023

Average account balance

$176,514

+15.5% from 2023

Annual return

17.40%

-2.23 pp from 2023

Benchmarks

See 4,155 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.89M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

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.

104.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+17.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24473

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$25521 / participant

Other / not subdivided$2M100.0%

% of EOY assets

13.864%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$176,514

$77,164+128.8%

$178,014-0.8%

$80,874+118.3%

Participation rate

90.0%

65.7%+24.3pp

77.1%+12.9pp

67.6%+22.4pp

Annual return

17.40%

18.09%-0.7pp

294.80%-277.4pp

35.62%-18.2pp

Employer contribution / active EE

$5,681

$2,288+148.3%

$3,950+43.8%

$2,756+106.2%

Participant deferral / active EE

$15,144

$4,408+243.6%

$6,276+141.3%

$4,297+252.4%

Admin fee / account holder

$24,473

$7,164+241.6%

$10,362+136.2%

$6,935+252.9%

GOODMAN NORTH AMERICA MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODMAN NORTH AMERICA 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