Retirement plan

GREYSTONE EMPLOYEE SERVICES, LLC 401(K) PLAN

Name: GREYSTONE EMPLOYEE SERVICES, LLC - GREYSTONE EMPLOYEE SERVICES, LLC 401(K) PLAN (2021) Form 5500
Creator: GREYSTONE EMPLOYEE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREYSTONE EMPLOYEE SERVICES, LLC 401(K) PLAN, GREYSTONE EMPLOYEE SERVICES, LLC

GREYSTONE EMPLOYEE SERVICES, LLCEIN 46-4353334Plan #001PY 2021

225 E. JOHN CARPENTER FREEWAY, SUITE 700 - IRVING, TX 75062972-402-3700

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$31.9M

+18.0% from 2020

Total participants

116

-0.9% from 2020

Average account balance

$306,604

+24.8% from 2020

Annual return

19.20%

+5.52 pp from 2020

Benchmarks

See 2,182 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$464K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3 years Service code 50 · EIN 13-2638166	Direct Payment	$47,571
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GWLA Service code 15 · EIN 84-0467907	Recordkeeping	$1,790

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$49K

$609 / participant

Contract admin$2K3.6%
Other / not subdivided$48K96.4%

% of EOY assets

0.155%

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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$306,604

$70,587+334.4%

$124,693+145.9%

$85,847+257.2%

Participation rate

85.2%

64.4%+20.8pp

74.6%+10.6pp

69.3%+15.9pp

Annual return

19.20%

20688.83%-20669.6pp

5144.19%-5125.0pp

318.61%-299.4pp

Employer contribution / active EE

$3,258

$1,913+70.3%

$3,324-2.0%

$2,565+27.0%

Participant deferral / active EE

$11,584

$2,969+290.2%

$4,615+151.0%

$3,952+193.1%

Admin fee / account holder

$475

$5,282-91.0%

$7,494-93.7%

$6,261-92.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3 years

Service code 50 · EIN 13-2638166

Direct Payment

$47,571

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GWLA

Service code 15 · EIN 84-0467907

Recordkeeping

$1,790

GREYSTONE EMPLOYEE SERVICES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREYSTONE EMPLOYEE SERVICES, LLC 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