Retirement plan

GUNSTER RETIREMENT SAVINGS PLAN

Name: GUNSTER, YOAKLEY & STEWART, P.A. - GUNSTER RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: GUNSTER, YOAKLEY & STEWART, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GUNSTER RETIREMENT SAVINGS PLAN, GUNSTER, YOAKLEY & STEWART, P.A.

GUNSTER, YOAKLEY & STEWART, P.A.EIN 59-1450702Plan #006PY 2024

777 SOUTH FLAGLER DRIVE, SUITE 500 EAST - WEST PALM BEACH, FL 33401561-655-1980LinkedIn1-10 employees

Other plans on this EIN

2 filings

#008Retirement-$22.5M assets #005Retirement-$20.1M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$242.7M

+15.5% from 2023

Total participants

571

-1.7% from 2023

Average account balance

$434,148

+16.8% from 2023

Annual return

13.29%

-3.93 pp from 2023

Benchmarks

See 3,302 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,302 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$242.69M

Not enough data

1 years with asset history on file

Average account balance

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

$434K

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.

559

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$688

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 5 by compensation

Provider	Service type	Compensation
SEI INVESTMENTS1 year Filed as: SEI INVESTMENTS COMPANY Service code 33 1 FREEDOM VALLEY DRIVE · OAKS, PA 19456	Securities brokerage	$62,903
ASCENSUS LLC2 years Filed as: CAP FINANCIAL LLC Service code 26 534 BELL LN · AMBER, PA 19002	Advisory (Participants)	$33,920
NORTH AMERICAN KTRADE ALLIANCE, LLC2 years Filed as: NORTH PIER FIDUCIARY MANAGEMENT Service code 26 4333 ADMIRALTY WAY · MARINA DEL REY, CA 90292	Advisory (Participants)	$22,794
ERISA PENSION SYSTEMS10+ years Service code 13 100 SE 3RD AVE · FORT LAUDERDALE, FL 33394	Contract Administrator	$22,252
COHNREZNICK LLP2 years Service code 10 · EIN 33-4144829 2401 NW BOCA RATON BLVD · BOCA RATON, FL 33431	Accounting	$19,000

Plan features & details

Pension benefit codes2A2E2F2H2J2K3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$384K

$777 / participant

Investment mgmt$384K100.0%

% of EOY assets

0.158%

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: COHNREZNICK
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$434,148

$106,247+308.6%

$147,096+195.1%

$77,714+458.6%

Participation rate

97.6%

78.4%+19.2pp

82.2%+15.4pp

70.6%+27.0pp

Annual return

13.29%

56.87%-43.6pp

419.75%-406.5pp

31.26%-18.0pp

Employer contribution / active EE

$12,197

$4,069+199.7%

$4,936+147.1%

$2,727+347.3%

Participant deferral / active EE

$13,874

$7,996+73.5%

$8,071+71.9%

$4,649+198.4%

Admin fee / account holder

$688

$338+103.3%

$13,005-94.7%

$433+58.7%

Provider

Service type

Compensation

SEI INVESTMENTS1 year

Filed as: SEI INVESTMENTS COMPANY

Service code 33

1 FREEDOM VALLEY DRIVE · OAKS, PA 19456

Securities brokerage

$62,903

ASCENSUS LLC2 years

Filed as: CAP FINANCIAL LLC

Service code 26

534 BELL LN · AMBER, PA 19002

Advisory (Participants)

$33,920

NORTH AMERICAN KTRADE ALLIANCE, LLC2 years

Filed as: NORTH PIER FIDUCIARY MANAGEMENT

Service code 26

4333 ADMIRALTY WAY · MARINA DEL REY, CA 90292

Advisory (Participants)

$22,794

ERISA PENSION SYSTEMS10+ years

Service code 13

100 SE 3RD AVE · FORT LAUDERDALE, FL 33394

Contract Administrator

$22,252

COHNREZNICK LLP2 years

Service code 10 · EIN 33-4144829

2401 NW BOCA RATON BLVD · BOCA RATON, FL 33431

Accounting

$19,000

GUNSTER RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GUNSTER RETIREMENT SAVINGS 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