Retirement plan

GDS 401(K) PLAN

Name: GRINER DRILLING SERVICE, INC. - GDS 401(K) PLAN (2020) Form 5500
Creator: GRINER DRILLING SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GDS 401(K) PLAN, GRINER DRILLING SERVICE, INC.

GRINER DRILLING SERVICE, INC.EIN 64-0437950Plan #002PY 2020

P. O. BOX 825 - COLUMBIA, MS 39429601-736-6347grinerdrillingservice.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.7M

+15.1% from 2019

Total participants

+5.4% from 2019

Average account balance

$68,435

+10.9% from 2019

Annual return

11.59%

-5.49 pp from 2019

Benchmarks

See 16,250 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,250 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.88M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

102

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.

106.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$607K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1175

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 64	Recordkeeping Fees	$1,350
GRINER DRILLING SERVICE, INC.6+ years Service code 99 · EIN 64-0437950	Other Fees	$0
MAGNOLIA CAPITAL ADVISORS2 years Filed as: MAGNOLIA CAPITAL ADVISORS, LLC Service code 27	Advisory (Plan)	$0
MARTIN, MARTIN, RANDALL & ASSOCIATE6+ years Filed as: MARTIN, ,MARTIN, RANDALL & ASSOCIAT Service code 13 · EIN 64-0765749	Contract Administrator	$0

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$29 / participant

Contract admin$2K100.0%

% of EOY assets

0.041%

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: TMH
Auditor EIN: 205857627
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,435

$72,269-5.3%

$101,271-32.4%

$79,852-14.3%

Participation rate

81.7%

68.5%+13.2pp

75.8%+5.9pp

69.6%+12.1pp

Annual return

11.59%

22.29%-10.7pp

46.48%-34.9pp

31.72%-20.1pp

Employer contribution / active EE

$817

$2,692-69.6%

$3,660-77.7%

$2,471-66.9%

Participant deferral / active EE

$3,269

$3,282-0.4%

$4,371-25.2%

$3,740-12.6%

Admin fee / account holder

$28

$4,401-99.4%

$5,948-99.5%

$5,306-99.5%

Provider

Service type

Compensation

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 64

Recordkeeping Fees

$1,350

GRINER DRILLING SERVICE, INC.6+ years

Service code 99 · EIN 64-0437950

Other Fees

MAGNOLIA CAPITAL ADVISORS2 years

Filed as: MAGNOLIA CAPITAL ADVISORS, LLC

Service code 27

Advisory (Plan)

MARTIN, MARTIN, RANDALL & ASSOCIATE6+ years

Filed as: MARTIN, ,MARTIN, RANDALL & ASSOCIAT

Service code 13 · EIN 64-0765749

Contract Administrator

GDS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GDS 401(K) 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