Retirement plan

GULFCOAST TRANSPORTATION SYSTEMS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: GULFCOAST TRANSPORTATION SYSTEMS, INC. - GULFCOAST TRANSPORTATION SYSTEMS, INC. 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: GULFCOAST TRANSPORTATION SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GULFCOAST TRANSPORTATION SYSTEMS, INC. 401(K) PROFIT SHARING PLAN & TRUST, GULFCOAST TRANSPORTATION SYSTEMS, INC.

GULFCOAST TRANSPORTATION SYSTEMS, INC.EIN 65-0346629Plan #001PY 2021

3440 CANAL STREET - FORT MYERS, FL 33916239-275-4488gulftrans.orgLinkedIn11-50 employeestransportation/trucking/railroad

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$2.8M

+14.5% from 2020

Total participants

+18.2% from 2020

Average account balance

$250,826

+14.5% from 2020

Annual return

15.24%

-2.67 pp from 2020

Benchmarks

See 7,537 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort7,537 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.38M

Not enough data

1 years with asset history on file

Average account balance

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

$276K

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.

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+7.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$459935

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

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

$164K

$13673 / participant

Other / not subdivided$164K100.0%

% of EOY assets

5.947%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$250,826

$104,694+139.6%

$85,709+192.6%

$167,536+49.7%

Participation rate

83.3%

76.4%+7.0pp

69.9%+13.5pp

82.1%+1.2pp

Annual return

15.24%

21.45%-6.2pp

21.49%-6.3pp

478.82%-463.6pp

Employer contribution / active EE

$2,956

$3,337-11.4%

$2,619+12.9%

$4,839-38.9%

Participant deferral / active EE

$7,769

$4,826+61.0%

$3,924+98.0%

$6,342+22.5%

Admin fee / account holder

$14,916

$10,035+48.6%

$6,876+116.9%

$12,315+21.1%

GULFCOAST TRANSPORTATION SYSTEMS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GULFCOAST TRANSPORTATION SYSTEMS, INC. 401(K) PROFIT SHARING PLAN & TRUST

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