Retirement plan

GD CORRECTIONAL TEAMSTERS RETIREMENT PLAN

Name: GD CORRECTIONAL SERVICES, LLC - GD CORRECTIONAL TEAMSTERS RETIREMENT PLAN (2024) Form 5500
Creator: GD CORRECTIONAL SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GD CORRECTIONAL TEAMSTERS RETIREMENT PLAN, GD CORRECTIONAL SERVICES, LLC

GD CORRECTIONAL SERVICES, LLCEIN 46-1369014Plan #002PY 2024

PO BOX 211 - VERONA, NJ 07044732-571-5335gdcorrections.comLinkedIn51-200 employeesrestaurants

Other plans on this EIN

1 filing

#001Retirement-$3.2M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$86K

+40.1% from 2023

Total participants

-2.6% from 2023

Average account balance

$8,631

+40.1% from 2023

Annual return

3.42%

-0.79 pp from 2023

Benchmarks

See 6,868 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,868 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$86K

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

27.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$611

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

+3.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$278

$8 / participant

Other / not subdivided$278100.0%

% of EOY assets

0.322%

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

$8,631

$29,716-71.0%

$56,077-84.6%

$80,925-89.3%

Participation rate

24.3%

41.7%-17.4pp

52.5%-28.2pp

67.7%-43.3pp

Annual return

3.42%

35.30%-31.9pp

1709.28%-1705.9pp

35.65%-32.2pp

Employer contribution / active EE

$238

$671-64.6%

$1,040-77.2%

$2,756-91.4%

Participant deferral / active EE

$373

$1,228-69.6%

$1,954-80.9%

$4,299-91.3%

Admin fee / account holder

$28

$2,432-98.9%

$2,825-99.0%

$6,940-99.6%

GD CORRECTIONAL TEAMSTERS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GD CORRECTIONAL TEAMSTERS RETIREMENT 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