Retirement plan

GOWER CORPORATION 401(K) PROFIT SHARING PLAN

Name: GOWER CORPORATION - GOWER CORPORATION 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: GOWER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOWER CORPORATION 401(K) PROFIT SHARING PLAN, GOWER CORPORATION

GOWER CORPORATIONEIN 57-0293575Plan #001PY 2021

P.O. BOX 6767 - GREENVILLE, SC 29606864-458-3114

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.4M

+19.4% from 2020

Total participants

278

+4.5% from 2020

Average account balance

$113,821

+15.1% from 2020

Annual return

13.13%

+2.11 pp from 2020

Benchmarks

See 4,054 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,054 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.04M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

209

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.

82.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+10.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$395

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
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN TRUST COMPANY Service code 13 · EIN 62-0951563	Contract Administrator	$50,450
NORTHWESTERN MUTUAL INVESTMENT SERV7+ years Service code 27 32 PARKWAY COMMONS WAY · GREER, SC 29650	Advisory (Plan)	$50,073
ASCENSUS LLC2 years Filed as: FUTUREPLAN Service code 13 · EIN 11-3665754	Contract Administrator	$11,100

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$112K

$657 / participant

Investment mgmt$50K44.9%
Contract admin$62K55.1%

% of EOY assets

0.355%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SUGGSJOHNSON LLC
Auditor EIN: 203911651
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,821

$84,936+34.0%

$111,308+2.3%

$79,391+43.4%

Participation rate

98.8%

75.9%+23.0pp

77.3%+21.5pp

70.7%+28.1pp

Annual return

13.13%

17.45%-4.3pp

54.67%-41.5pp

116.88%-103.7pp

Employer contribution / active EE

$13,407

$1,979+577.4%

$2,732+390.8%

$2,428+452.2%

Participant deferral / active EE

$5,033

$3,888+29.5%

$4,487+12.2%

$4,046+24.4%

Admin fee / account holder

$404

$537-24.7%

$7,965-94.9%

$627-35.4%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN TRUST COMPANY

Service code 13 · EIN 62-0951563

Contract Administrator

$50,450

NORTHWESTERN MUTUAL INVESTMENT SERV7+ years

Service code 27

32 PARKWAY COMMONS WAY · GREER, SC 29650

Advisory (Plan)

$50,073

ASCENSUS LLC2 years

Filed as: FUTUREPLAN

Service code 13 · EIN 11-3665754

Contract Administrator

$11,100

GOWER CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOWER CORPORATION 401(K) PROFIT SHARING 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