Retirement plan

GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP PLAN

Name: GOLDEN WEST TECHNOLOGIES, INC. - GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP PLAN (2023) 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 2023

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.2M

+6.0% from 2022

Total participants

134

+11.7% from 2022

Average account balance

$79,207

+11.2% from 2022

Annual return

16.92%

+34.64 pp from 2022

Benchmarks

See 3,174 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,174 peers

Snapshot2023

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.2 years Service code 15 · EIN 16-1503696	Recordkeeping	$19,588

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

Expense breakdown

Schedule H Part II

Admin total

$24K

$268 / participant

Investment mgmt$24K100.0%

% of EOY assets

0.299%

all-in expense ratio

Categories reported

1 / 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

$79,207

$68,394+15.8%

$94,672-16.3%

$75,177+5.4%

Participation rate

65.9%

76.1%-10.1pp

80.8%-14.9pp

67.2%-1.3pp

Annual return

16.92%

616.92%-600.0pp

156.89%-140.0pp

160.75%-143.8pp

Employer contribution / active EE

$2,064

$2,701-23.6%

$3,673-43.8%

$2,671-22.7%

Participant deferral / active EE

$3,572

$6,536-45.3%

$7,417-51.8%

$4,126-13.4%

Admin fee / account holder

$237

$5,326-95.6%

$7,222-96.7%

$5,651-95.8%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Service code 15 · EIN 16-1503696

Recordkeeping

$19,588

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