Retirement plan

THE GEO SAVE 401(K) PLAN

Name: THE GEO GROUP, INC. - THE GEO SAVE 401(K) PLAN (2019) Form 5500
Creator: THE GEO GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GEO SAVE 401(K) PLAN, THE GEO GROUP, INC.

THE GEO GROUP, INC.EIN 65-0043078Plan #001PY 2019

THE GEO GROUP, INC., 621 NW 53RD ST., SUITE 700 - BOCA RATON, FL 33487561-893-0101geogroup.comLinkedIn10001+ employeessecurity and investigations

Prospect flagsLow returnsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed August 29, 2001 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$200.5M

-10.5% from 2016

Total participants

20,886

-1.7% from 2016

Average account balance

$25,955

-2.2% from 2016

Annual return

19.37%

-10.41 pp from 2016

Benchmarks

See 51 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort51 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$276.18M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

7,740

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.

43.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 49 · EIN 04-1590850	Other Services	$344,124
MMA SECURITIES LLC2 years Filed as: MMC SECURITIES CORP Service code 27 · EIN 06-1685865	Advisory (Plan)	$32,500
LOCKTON INVESTMENT ADVISORS, LLC1 year Service code 16 · EIN 20-8874282	Consulting	$16,250
HARBOR3 years Service code 52 · EIN 34-1953393	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 52 · EIN 04-3279774	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT3 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NORTHERN FUNDS3 years Service code 52 · EIN 36-3608252	Indirect Investment Fees	$0
T ROWE PRICE RPS INC3 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1827505	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2T3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$393K

$20 / participant

Investment mgmt$49K12.4%
Contract admin$343K87.4%
Other / not subdivided$8050.2%

% of EOY assets

0.196%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON
Auditor EIN: 360555558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,955

$32,762-20.8%

$84,646-69.3%

$89,609-71.0%

Participation rate

33.7%

34.6%-0.9pp

68.2%-34.5pp

69.6%-35.9pp

Annual return

19.37%

28.37%-9.0pp

258.85%-239.5pp

33.65%-14.3pp

Employer contribution / active EE

$294

$564-47.9%

$2,654-88.9%

$2,584-88.6%

Participant deferral / active EE

$907

$1,501-39.5%

$3,901-76.7%

$4,222-78.5%

Admin fee / account holder

$51

$82-38.3%

$4,915-99.0%

$72-29.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 49 · EIN 04-1590850

Other Services

$344,124

MMA SECURITIES LLC2 years

Filed as: MMC SECURITIES CORP

Service code 27 · EIN 06-1685865

Advisory (Plan)

$32,500

LOCKTON INVESTMENT ADVISORS, LLC1 year

Service code 16 · EIN 20-8874282

Consulting

$16,250

HARBOR3 years

Service code 52 · EIN 34-1953393

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 93-6305075

Indirect Investment Fees

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 52 · EIN 04-3279774

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT3 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NORTHERN FUNDS3 years

Service code 52 · EIN 36-3608252

Indirect Investment Fees

T ROWE PRICE RPS INC3 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1827505

Indirect Investment Fees

THE GEO SAVE 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GEO SAVE 401(K) PLAN

Top hat statement on fileNQDC

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