Retirement plan

GULFSTREAM CONTRACTORS OF SOUTH FLORIDA 401(K) PROFIT SHARING PLAN & TRUST

Name: GULFSTREAM CONTRACTORS OF SOUTH FLORIDA CORP. - GULFSTREAM CONTRACTORS OF SOUTH FLORIDA 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: GULFSTREAM CONTRACTORS OF SOUTH FLORIDA CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GULFSTREAM CONTRACTORS OF SOUTH FLORIDA 401(K) PROFIT SHARING PLAN & TRUST, GULFSTREAM CONTRACTORS OF SOUTH FLORIDA CORP.

GULFSTREAM CONTRACTORS OF SOUTH FLORIDA CORP.EIN 65-0607369Plan #001PY 2020

666 NE 40 COURT - OAKLAND PARK, FL 333343036954-563-8223gulfstreamcontractors.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$871K

+32.3% from 2019

Total participants

0.0% from 2019

Average account balance

$108,869

+15.8% from 2019

Annual return

14.87%

-9.31 pp from 2019

Benchmarks

See 42,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,037 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

64.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1761

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 codes2E2F2G2J2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$8K

$597 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.959%

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

$108,869

$115,810-6.0%

$101,271+7.5%

$158,966-31.5%

Participation rate

50.0%

79.4%-29.4pp

75.8%-25.8pp

82.0%-32.0pp

Annual return

14.87%

56.15%-41.3pp

46.48%-31.6pp

302.95%-288.1pp

Employer contribution / active EE

$1,407

$4,175-66.3%

$3,660-61.6%

$4,762-70.5%

Participant deferral / active EE

$6,800

$4,958+37.1%

$4,371+55.6%

$5,983+13.7%

Admin fee / account holder

$1,044

$7,248-85.6%

$5,948-82.4%

$11,250-90.7%

GULFSTREAM CONTRACTORS OF SOUTH FLORIDA 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GULFSTREAM CONTRACTORS OF SOUTH FLORIDA 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