Retirement plan

GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP PLAN

Name: GOLDEN WEST TECHNOLOGIES, INC. - GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP PLAN (2021) Form 5500
Creator: GOLDEN WEST TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP PLAN, GOLDEN WEST TECHNOLOGIES, INC.

GOLDEN WEST TECHNOLOGIES, INC.EIN 46-0386025Plan #005PY 2021

2727 NORTH PLAZA DRIVE - RAPID CITY, SD 57702605-719-3000gwtis.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.1M

-3.4% from 2020

Total participants

119

-12.5% from 2020

Average account balance

$84,267

+11.8% from 2020

Annual return

11.64%

-10.46 pp from 2020

Benchmarks

See 3,025 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,025 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.15M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

173.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$449K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10687

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FRINGE BENEFITS DESIGN OF MN, INC.5 years Service code 15 · EIN 41-1276678	Recordkeeping	$19,270
BMS FINANCIAL ADVISORS1 year Filed as: BMS FINANCIAL ADVISORS, INC. Service code 16 1508 MOUNTAIN VIEW RD, #101 · RAPID CITY, SD 57702	Consulting	$5,452

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$28K

$339 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.313%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KETEL THORSTENSON, LLP
Auditor EIN: 460257538
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,267

$77,157+9.2%

$108,405-22.3%

$85,851-1.8%

Participation rate

86.9%

74.7%+12.2pp

80.1%+6.8pp

69.3%+17.6pp

Annual return

11.64%

44.55%-32.9pp

905.55%-893.9pp

318.63%-307.0pp

Employer contribution / active EE

$2,376

$2,379-0.1%

$3,559-33.2%

$2,565-7.4%

Participant deferral / active EE

$3,935

$5,567-29.3%

$6,563-40.0%

$3,952-0.4%

Admin fee / account holder

$263

$5,174-94.9%

$7,297-96.4%

$6,261-95.8%

Provider

Service type

Compensation

FRINGE BENEFITS DESIGN OF MN, INC.5 years

Service code 15 · EIN 41-1276678

Recordkeeping

$19,270

BMS FINANCIAL ADVISORS1 year

Filed as: BMS FINANCIAL ADVISORS, INC.

Service code 16

1508 MOUNTAIN VIEW RD, #101 · RAPID CITY, SD 57702

Consulting

$5,452

GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP 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