Retirement plan

THE GREENBERG FARROW ARCHITECTURE INCORPORATED STOCK OWNERSHIP AND 401(K) PLAN

Name: GREENBERG FARROW ARCHITECTURE INCORPORATED - THE GREENBERG FARROW ARCHITECTURE INCORPORATED STOCK OWNERSHIP AND 401(K) PLAN (2022) Form 5500
Creator: GREENBERG FARROW ARCHITECTURE INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GREENBERG FARROW ARCHITECTURE INCORPORATED STOCK OWNERSHIP AND 401(K) PLAN, GREENBERG FARROW ARCHITECTURE INCORPORATED

GREENBERG FARROW ARCHITECTURE INCORPORATEDEIN 58-1276961Plan #002PY 2022

1230 PEACHTREE STREET NE, SUITE 2900 - ATLANTA, GA 303093404404-601-4000

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed January 20, 2017

Plan administrator

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1430 West Peachtree St NW, Suite 200

Atlanta State: GA Zip Code: 30309

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Plans declared (2)

Plan name not on file15 emp
Plan name not on file4 emp

Total covered: 19 employees

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Total assets (EOY)

$55M

-5.6% from 2021

Total participants

528

-4.5% from 2021

Average account balance

$108,492

-2.5% from 2021

Annual return

-2.45%

-13.52 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$67.30M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

505

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+10.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$58,344
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$34,527
ASCENSUS LLC1 year Filed as: FUTURE PLAN BY ASCENSUS Service code 13 · EIN 58-1392124	Contract Administrator	$9,544

Plan features & details

Pension benefit codes2E2F2G2I2J2K2P2Q2S2T3H3I

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.
2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$175K

$696 / participant

Investment mgmt$58K33.4%
Contract admin$44K25.2%
Other / not subdivided$72K41.3%

% of EOY assets

0.317%

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: WINDHAM BRANNON, LLC
Auditor EIN: 581763439
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,492

$82,163+32.0%

$125,381-13.5%

$64,819+67.4%

Participation rate

91.6%

77.9%+13.8pp

82.4%+9.3pp

71.5%+20.2pp

Annual return

-2.45%

3.49%-5.9pp

572.31%-574.8pp

32.84%-35.3pp

Employer contribution / active EE

$3,852

$3,616+6.5%

$4,815-20.0%

$2,507+53.7%

Participant deferral / active EE

$6,566

$7,175-8.5%

$7,448-11.8%

$4,311+52.3%

Admin fee / account holder

$344

$163+111.0%

$10,007-96.6%

$188+83.3%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$58,344

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$34,527

ASCENSUS LLC1 year

Filed as: FUTURE PLAN BY ASCENSUS

Service code 13 · EIN 58-1392124

Contract Administrator

$9,544

THE GREENBERG FARROW ARCHITECTURE INCORPORATED STOCK OWNERSHIP AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GREENBERG FARROW ARCHITECTURE INCORPORATED STOCK OWNERSHIP AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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