Retirement plan

GROUND SUPPORT SERVICES PREVAILING WAGE PLAN

Name: GREATER SHIELD, LLC DBA GROUND SUPPORT SERVICES - GROUND SUPPORT SERVICES PREVAILING WAGE PLAN (2024) Form 5500
Creator: GREATER SHIELD, LLC DBA GROUND SUPPORT SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GROUND SUPPORT SERVICES PREVAILING WAGE PLAN, GREATER SHIELD, LLC DBA GROUND SUPPORT SERVICES

GREATER SHIELD, LLC DBA GROUND SUPPORT SERVICESEIN 47-1362592Plan #001PY 2024

90 WATERBURY ST. - BROOKLYN, NY 11206718-388-3844

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$2.6M

+113.3% from 2023

Total participants

371

+59.9% from 2023

Average account balance

$7,068

+34.8% from 2023

Annual return

11.84%

-56.46 pp from 2023

Benchmarks

See 1,414 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,414 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.59M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

367

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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

1 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
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL LIFE INSURNCE COMPANY Service code 13 · EIN 42-0127290	Contract Administrator	$24,333
PARK AVENUE SECURITIES LLC1 year Filed as: PARK AVENUE SECURITIES Service code 27 · EIN 13-4023176	Advisory (Plan)	$6,960

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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$26K

$168 / participant

Contract admin$26K100.0%

% of EOY assets

0.992%

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: FASTEN HALBERSTAN LLP
Auditor EIN: 472319109
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,068

$45,123-84.3%

$85,240-91.7%

$74,478-90.5%

Participation rate

97.4%

49.4%+48.0pp

67.5%+29.9pp

67.2%+30.2pp

Annual return

11.84%

26.32%-14.5pp

66.75%-54.9pp

1370.56%-1358.7pp

Employer contribution / active EE

$8,973

$1,459+515.1%

$2,735+228.0%

$2,626+241.7%

Participant deferral / active EE

$2,736-100.0%

$4,527-100.0%

$4,350-100.0%

Admin fee / account holder

$70

$2,215-96.8%

$6,165-98.9%

$1,946-96.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL LIFE INSURNCE COMPANY

Service code 13 · EIN 42-0127290

Contract Administrator

$24,333

PARK AVENUE SECURITIES LLC1 year

Filed as: PARK AVENUE SECURITIES

Service code 27 · EIN 13-4023176

Advisory (Plan)

$6,960

GROUND SUPPORT SERVICES PREVAILING WAGE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROUND SUPPORT SERVICES PREVAILING WAGE 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