Retirement plan

GUNSTER RETIREMENT SAVINGS PLAN

Name: GUNSTER, YOAKLEY & STEWART, P.A. - GUNSTER RETIREMENT SAVINGS PLAN (2022) 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 2022

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

Other plans on this EIN

2 filings

#005Retirement-$12.6M assets #008Retirement-$12.0M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$179.7M

-14.7% from 2021

Total participants

507

+14.7% from 2021

Average account balance

$357,326

-25.9% from 2021

Annual return

-14.70%

-29.23 pp from 2021

Benchmarks

See 3,162 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,162 peers

Snapshot2022

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

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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

See the 9-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

Top 5 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON2 years Filed as: BNY MELLON Service code 70	Consulting Fees	$26,158
AMERICAN FUNDS2 years Filed as: CAPITAL FINANCIAL PARTNERS, INC. Service code 27 388 ST. ANDREWS RD. · COLUMBIA, SC 29210	Advisory (Plan)	$23,861
ERISA PENSION SYSTEMS8+ years Service code 13 100 SE 3RD AVE · FORT LAUDERDALE, FL 33394	Contract Administrator	$20,280
BDO USA, LLP3 years Filed as: BDO USA LLP Service code 10 · EIN 13-5381590 301 EAST LAS OLAS BLVD., 4TH FLOOR · FORT LAUDERDALE, FL 33301	Accounting	$15,000
PAYDEN & RYGEL2 years Service code 27 333 SOUTH GRAND AVENUE · LOS ANGELES, CA 90071	Advisory (Plan)	$14,502

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$316K

$742 / participant

Other / not subdivided$316K100.0%

% of EOY assets

0.176%

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: COHNREZNICK
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$357,326

$82,202+334.7%

$125,339+185.1%

$64,808+451.4%

Participation rate

99.1%

77.9%+21.2pp

82.4%+16.7pp

71.5%+27.6pp

Annual return

-14.70%

3.48%-18.2pp

572.05%-586.8pp

32.82%-47.5pp

Employer contribution / active EE

$10,242

$3,615+183.3%

$4,814+112.8%

$2,506+308.7%

Participant deferral / active EE

$11,570

$7,175+61.3%

$7,446+55.4%

$4,310+168.4%

Admin fee / account holder

$628

$163+284.8%

$10,010-93.7%

$188+234.5%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON2 years

Filed as: BNY MELLON

Service code 70

Consulting Fees

$26,158

AMERICAN FUNDS2 years

Filed as: CAPITAL FINANCIAL PARTNERS, INC.

Service code 27

388 ST. ANDREWS RD. · COLUMBIA, SC 29210

Advisory (Plan)

$23,861

ERISA PENSION SYSTEMS8+ years

Service code 13

100 SE 3RD AVE · FORT LAUDERDALE, FL 33394

Contract Administrator

$20,280

BDO USA, LLP3 years

Filed as: BDO USA LLP

Service code 10 · EIN 13-5381590

301 EAST LAS OLAS BLVD., 4TH FLOOR · FORT LAUDERDALE, FL 33301

Accounting

$15,000

PAYDEN & RYGEL2 years

Service code 27

333 SOUTH GRAND AVENUE · LOS ANGELES, CA 90071

Advisory (Plan)

$14,502

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