Retirement plan

W.W. GAY MECHANICAL CONTRACTOR, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

Name: W.W. GAY MECHANICAL CONTRACTOR, INC. - W.W. GAY MECHANICAL CONTRACTOR, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST (2024) Form 5500
Creator: W.W. GAY MECHANICAL CONTRACTOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, W.W. GAY MECHANICAL CONTRACTOR, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST, W.W. GAY MECHANICAL CONTRACTOR, INC.

W.W. GAY MECHANICAL CONTRACTOR, INC.EIN 59-0977396Plan #002PY 2024

524 STOCKTON STREET - JACKSONVILLE, FL 322042535904-388-2696wwgmc.comLinkedIn1001-5000 employeesconstruction

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$101.3M

+29.1% from 2023

Total participants

292

-1.7% from 2023

Average account balance

$361,739

+32.8% from 2023

Annual return

34.61%

+4.81 pp from 2023

Benchmarks

See 3,451 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,451 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$101.29M

Not enough data

1 years with asset history on file

Average account balance

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

$362K

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.

280

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+34.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2O2Q3I

Plan features

2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2K

$7 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

0 / 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: BERMAN HOPKINS WRIGHT & LAHAM LLP
Auditor EIN: 591152714
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$361,739

$80,724+348.1%

$103,333+250.1%

$74,495+385.6%

Participation rate

94.2%

65.7%+28.5pp

74.5%+19.7pp

67.2%+27.0pp

Annual return

34.61%

27.56%+7.0pp

24.88%+9.7pp

1364.94%-1330.3pp

Employer contribution / active EE

$16,827

$3,157+433.0%

$3,868+335.0%

$2,623+541.5%

Participant deferral / active EE

$3,860-100.0%

$5,057-100.0%

$4,346-100.0%

Admin fee / account holder

$2,368-99.8%

$8,355-99.9%

$1,942-99.7%

W.W. GAY MECHANICAL CONTRACTOR, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

W.W. GAY MECHANICAL CONTRACTOR, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

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