Retirement plan

GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC. TAX-SHELTERED ANNUITY PLAN

Name: GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC. - GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC. TAX-SHELTERED ANNUITY PLAN (2023) Form 5500
Creator: GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC. TAX-SHELTERED ANNUITY PLAN, GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC.

GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC.EIN 64-0508015Plan #001PY 2023

106 MILEY DR. - STARKVILLE, MS 39759662-324-7860gtpdd.comLinkedIn1-10 employees

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$13.1M

+5.0% from 2022

Total participants

189

-2.1% from 2022

Average account balance

$75,666

+9.9% from 2022

Annual return

6.80%

+13.50 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.86M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

149

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$517K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+6.38%

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 5-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
CSENGE ADVISORY GROUP, LLC3 years Filed as: CSENGE ADVISORY GROUP Service code 26 · EIN 59-3643590	Advisory (Participants)	$56,800
AMERICAN UNITED LIFE INSURANCE CO3 years Filed as: AMERICAN UNITED LIFE INSURANCE CO. Service code 15 · EIN 35-0145825	Recordkeeping	$50,669
WATKINS ROSS1 year Filed as: WATKINS, WARD & STAFFORD, PLLC Service code 10 · EIN 64-0394922	Accounting	$18,300
SHERIDAN ROAD ADVISORS LLC3 years Filed as: HUB INTERNATIONAL GULF SOUTH Service code 13 · EIN 35-0672425	Contract Administrator	$7,623

Plan features & details

Pension benefit codes2A2E2F2G2K2L2T

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).
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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$20K

$190 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.151%

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: WATKINS, WARD & STAFFORD, PLLC
Auditor EIN: 640394922
Audit fees: $18,300
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,666

$58,264+29.9%

$86,612-12.6%

$71,457+5.9%

Participation rate

84.6%

65.0%+19.6pp

71.7%+12.9pp

67.9%+16.7pp

Annual return

6.80%

21.63%-14.8pp

591.07%-584.3pp

28.85%-22.0pp

Employer contribution / active EE

$2,235

$2,574-13.2%

$3,022-26.1%

$2,588-13.6%

Participant deferral / active EE

$2,817

$3,436-18.0%

$4,438-36.5%

$4,289-34.3%

Admin fee / account holder

$114

$1,057-89.2%

$5,614-98.0%

$1,587-92.8%

Provider

Service type

Compensation

CSENGE ADVISORY GROUP, LLC3 years

Filed as: CSENGE ADVISORY GROUP

Service code 26 · EIN 59-3643590

Advisory (Participants)

$56,800

AMERICAN UNITED LIFE INSURANCE CO3 years

Filed as: AMERICAN UNITED LIFE INSURANCE CO.

Service code 15 · EIN 35-0145825

Recordkeeping

$50,669

WATKINS ROSS1 year

Filed as: WATKINS, WARD & STAFFORD, PLLC

Service code 10 · EIN 64-0394922

Accounting

$18,300

SHERIDAN ROAD ADVISORS LLC3 years

Filed as: HUB INTERNATIONAL GULF SOUTH

Service code 13 · EIN 35-0672425

Contract Administrator

$7,623

GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC. TAX-SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDEN TRIANGLE PLANNING AND DEVELOPMENT DISTRICT, INC. TAX-SHELTERED ANNUITY 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