Retirement plan

GFR SERVICES, INC RETIREMENT SAVINGS PLAN

Name: GFR SERVICES, INC - GFR SERVICES, INC RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: GFR SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GFR SERVICES, INC RETIREMENT SAVINGS PLAN, GFR SERVICES, INC

GFR SERVICES, INCEIN 66-0581385Plan #002PY 2017

787-641-8000

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$60M

+4.2% from 2016

Total participants

686

+31.9% from 2016

Average account balance

$87,476

-21.0% from 2016

Annual return

14.44%

+8.44 pp from 2016

Benchmarks

See 512 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort512 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.26M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

483

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.

73.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.37%

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
CONSULTIVA INTERNATIONAL2+ years Filed as: CONSULTIVA INTERNACIONAL INC Service code 27 48 CARR 165 STE 801 · GUAYNABO, PR 00968	Advisory (Plan)	$117,882
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$4,081
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$274

Plan features & details

Pension benefit codes2E2F2G2K2T3C

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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$122K

$272 / participant

Investment mgmt$118K96.7%
Contract admin$4K3.3%

% of EOY assets

0.204%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM PUERTO RICO
Auditor EIN: 660388756
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,476

$65,592+33.4%

$90,161-3.0%

$69,631+25.6%

Participation rate

100.0%

77.6%+22.4pp

76.9%+23.1pp

70.7%+29.3pp

Annual return

14.44%

57.10%-42.7pp

34.89%-20.4pp

27571.02%-27556.6pp

Employer contribution / active EE

$1,427

$2,193-34.9%

$3,318-57.0%

$2,032-29.8%

Participant deferral / active EE

$4,073

$5,257-22.5%

$5,287-23.0%

$3,224+26.4%

Admin fee / account holder

$178

$86+108.0%

$5,943-97.0%

$110+61.3%

Provider

Service type

Compensation

CONSULTIVA INTERNATIONAL2+ years

Filed as: CONSULTIVA INTERNACIONAL INC

Service code 27

48 CARR 165 STE 801 · GUAYNABO, PR 00968

Advisory (Plan)

$117,882

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$4,081

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$274

GFR SERVICES, INC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GFR SERVICES, INC RETIREMENT SAVINGS 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