Retirement plan

G & E & HOCKER'S 401(K) PLAN

Name: G & E, INC. - G & E & HOCKER'S 401(K) PLAN (2024) Form 5500
Creator: G & E, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, G & E & HOCKER'S 401(K) PLAN, G & E, INC.

G & E, INC.EIN 51-0123142Plan #002PY 2024

30244 CEDAR NECK ROAD, UNIT #1 - OCEAN VIEW, DE 199700930302-539-9662

Prospect flagsHigh cashLow participant contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$6.1M

+7.2% from 2023

Total participants

162

+157.1% from 2023

Average account balance

$37,743

-59.7% from 2023

Annual return

19.55%

+7.37 pp from 2023

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.11M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

162

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$172K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+19.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$143

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA Service code 13 FUTUREPLAN ADMINISTRATIV · SAN DIEGO, CA 92101	Contract Administrator	$22,145
LIMESTONE PENSION ASSOCIATES, LLC1 year Service code 13 3411 SILVERSIDE RD · WILMINGTON, DE 19810	Contract Administrator	$6,077
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 AMERICA · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,537

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$23K

$161 / participant

Contract admin$23K100.0%

% of EOY assets

0.380%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BELFINT, LYONS & SHUMAN, P.A.
Auditor EIN: 510232399
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,743

$59,417-36.5%

$93,606-59.7%

$74,495-49.3%

Participation rate

100.0%

59.7%+40.3pp

68.7%+31.3pp

67.2%+32.8pp

Annual return

19.55%

81.83%-62.3pp

133.20%-113.6pp

1364.94%-1345.4pp

Employer contribution / active EE

$478

$1,264-62.1%

$2,420-80.2%

$2,623-81.8%

Participant deferral / active EE

$713

$3,050-76.6%

$4,411-83.8%

$4,346-83.6%

Admin fee / account holder

$143

$3,021-95.3%

$8,285-98.3%

$1,942-92.6%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA

Service code 13

FUTUREPLAN ADMINISTRATIV · SAN DIEGO, CA 92101

Contract Administrator

$22,145

LIMESTONE PENSION ASSOCIATES, LLC1 year

Service code 13

3411 SILVERSIDE RD · WILMINGTON, DE 19810

Contract Administrator

$6,077

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

AMERICA · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,537

G & E & HOCKER'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

G & E & HOCKER'S 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