Retirement plan

GCOM SOFTWARE LLC 401K PLAN

Name: GCOM SOFTWARE LLC - GCOM SOFTWARE LLC 401K PLAN (2020) Form 5500
Creator: GCOM SOFTWARE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GCOM SOFTWARE LLC 401K PLAN, GCOM SOFTWARE LLC

GCOM SOFTWARE LLCEIN 52-2179898Plan #001PY 2020

9175 GUILFORD RD SUITE 101 - COLUMBIA, MD 210462564443-276-4760

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$17.3M

+169.1% from 2019

Total participants

461

+304.4% from 2019

Average account balance

$51,514

-11.9% from 2019

Annual return

118.81%

+95.23 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$75.51M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

875

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$73,262
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282	Advisory (Plan)	$17,473
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON INVESTMENT SECURITIES, LLC Service code 49 · EIN 20-3247391	Other Services	$0

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$73K

$176 / participant

Contract admin$73K100.0%

% of EOY assets

0.423%

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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,514

$100,801-48.9%

$149,745-65.6%

$73,412-29.8%

Participation rate

70.0%

77.7%-7.7pp

82.5%-12.5pp

72.2%-2.2pp

Annual return

118.81%

265.34%-146.5pp

276.72%-157.9pp

59.30%+59.5pp

Employer contribution / active EE

$2,955

$3,312-10.8%

$4,646-36.4%

$2,234+32.3%

Participant deferral / active EE

$6,255

$6,404-2.3%

$6,843-8.6%

$3,806+64.3%

Admin fee / account holder

$218

$181+20.6%

$9,312-97.7%

$158+38.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$73,262

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON INVESTMENT ADVISORS

Service code 27 · EIN 20-8874282

Advisory (Plan)

$17,473

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON INVESTMENT SECURITIES, LLC

Service code 49 · EIN 20-3247391

Other Services

GCOM SOFTWARE LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GCOM SOFTWARE LLC 401K 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