Retirement plan

GLADLY SOFTWARE, INC. RETIREMENT TRUST

Name: GLADLY SOFTWARE, INC. - GLADLY SOFTWARE, INC. RETIREMENT TRUST (2020) Form 5500
Creator: GLADLY SOFTWARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLADLY SOFTWARE, INC. RETIREMENT TRUST, GLADLY SOFTWARE, INC.

GLADLY SOFTWARE, INC.EIN 47-1938875Plan #001PY 2020

1 MONTGOMERY STREET, 9TH FLOOR - SAN FRANCISCO, CA 94104415-725-0811

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$5.2M

+57.1% from 2019

Total participants

135

+8.0% from 2019

Average account balance

$48,778

+33.4% from 2019

Annual return

28.89%

-36.48 pp from 2019

Benchmarks

See 909 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort909 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.31M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

203

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+26.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 1 by compensation

Provider	Service type	Compensation
DECIMAL, INC.1 year Service code 14	Plan Administrator	$6,670

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

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$9K

$80 / participant

Contract admin$9K100.0%

% of EOY assets

0.168%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FRANK, RIMERMAN & CO., LLP
Auditor EIN: 941341042
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,778

$66,813-27.0%

$100,535-51.5%

$73,497-33.6%

Participation rate

73.1%

77.5%-4.3pp

79.4%-6.3pp

70.7%+2.5pp

Annual return

28.89%

25.70%+3.2pp

30.90%-2.0pp

28.51%+0.4pp

Employer contribution / active EE

$2,147-100.0%

$3,419-100.0%

$2,270-100.0%

Participant deferral / active EE

$11,323

$5,883+92.5%

$6,271+80.6%

$3,740+202.8%

Admin fee / account holder

$82

$512-84.0%

$8,085-99.0%

$513-84.0%

Provider

Service type

Compensation

DECIMAL, INC.1 year

Service code 14

Plan Administrator

$6,670

GLADLY SOFTWARE, INC. RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLADLY SOFTWARE, INC. RETIREMENT TRUST

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