Retirement plan

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF GOODWILL SERVICES, INC.

Name: GOODWILL SERVICES, INC. - 401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF GOODWILL SERVICES, INC. (2024) Form 5500
Creator: GOODWILL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF GOODWILL SERVICES, INC., GOODWILL SERVICES, INC.

GOODWILL SERVICES, INC.EIN 54-1821538Plan #002PY 2024

6301 MIDLOTHIAN TURNKPIKE - RICHMOND, VA 23225804-971-8528

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$2.9M

+7.4% from 2023

Total participants

432

0.0% from 2023

Average account balance

$7,059

+7.4% from 2023

Annual return

12.06%

-3.77 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.87M

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.

406

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$380

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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
MUTUAL OF AMERICA INVESTMENT CORP4 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$7,430

Plan features & details

Pension benefit codes2G2E2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$4K

$24 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.153%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KEITER
Auditor EIN: 541631262
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,059

$55,423-87.3%

$155,602-95.5%

$74,400-90.5%

Participation rate

85.8%

61.9%+23.9pp

78.2%+7.6pp

67.2%+18.6pp

Annual return

12.06%

269.07%-257.0pp

64.81%-52.7pp

1367.51%-1355.4pp

Employer contribution / active EE

$380

$2,266-83.2%

$4,675-91.9%

$2,624-85.5%

Participant deferral / active EE

$2,835-100.0%

$5,629-100.0%

$4,348-100.0%

Admin fee / account holder

$11

$1,744-99.4%

$15,923-99.9%

$1,944-99.4%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP4 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$7,430

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF GOODWILL SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF GOODWILL SERVICES, INC.

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