Retirement plan

GVS PUERTO RICO LLC RETIREMENT PLAN

Name: GVS PUERTO RICO, LLC - GVS PUERTO RICO LLC RETIREMENT PLAN (2020) Form 5500
Creator: GVS PUERTO RICO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GVS PUERTO RICO LLC RETIREMENT PLAN, GVS PUERTO RICO, LLC

GVS PUERTO RICO, LLCEIN 66-0785754Plan #001PY 2020

PO BOX 9022946 - SAN JUAN, PR 00902781-356-9355

Prospect flagsHigh feesHigh cashCorrective distributions

How to read this page

Total assets (EOY)

$6M

-1.9% from 2019

Total participants

222

-1.8% from 2019

Average account balance

$27,448

-0.6% from 2019

Annual return

13.23%

-6.42 pp from 2019

Benchmarks

See 5,416 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,416 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.18M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

126

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$445K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+13.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.6+ years Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502	Recordkeeping	$22,129
UBS FINANCIAL SERVICES INC6+ years Filed as: UBS TRUST COMPANY OF PR Service code 21 · EIN 66-0532499 9TH FLOOR AMERICAN INTERNATIONAL PL · SAN JUAN, PR 00918	Bank Trustee	$18,662
RSM US LLP4 years Filed as: RSM PUERTO RICO Service code 10 · EIN 66-0388756 P.O. BOX 10528 · SAN JUAN, PR 009220528	Accounting	$15,787
BPAS1 year Filed as: BPAS TRUST CO OF PUERTO RICO Service code 25 · EIN 66-0795542 1225 PONCE DE LEON AVE · SAN JUAN, PR 00907	Directed Trustee	$10,128
DIMEO SCHNEIDER & ASSOCIATES LLC2 years Filed as: DIMEO SCHNEIDER Service code 27 500 WEST MADISON STREET · CHICAGO, IL 60661	Advisory (Plan)	$1,376

Plan features & details

Pension benefit codes2E2F2G2T3C

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$68K

$347 / participant

Investment mgmt$1K2.0%
Contract admin$50K73.4%
Other / not subdivided$17K24.5%

% of EOY assets

1.138%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM ROC & COMPANY
Auditor EIN: 660388756
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,448

$58,879-53.4%

$178,490-84.6%

$73,488-62.6%

Participation rate

98.0%

66.2%+31.7pp

81.9%+16.0pp

70.7%+27.3pp

Annual return

13.23%

24.86%-11.6pp

151.07%-137.8pp

28.51%-15.3pp

Employer contribution / active EE

$1,289

$2,236-42.4%

$5,011-74.3%

$2,270-43.2%

Participant deferral / active EE

$2,395

$2,567-6.7%

$5,202-53.9%

$3,740-35.9%

Admin fee / account holder

$312

$400-22.0%

$13,984-97.8%

$513-39.1%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.6+ years

Service code 15 · EIN 16-1503696

6 RHOADS DRIVE · UTICA, NY 13502

Recordkeeping

$22,129

UBS FINANCIAL SERVICES INC6+ years

Filed as: UBS TRUST COMPANY OF PR

Service code 21 · EIN 66-0532499

9TH FLOOR AMERICAN INTERNATIONAL PL · SAN JUAN, PR 00918

Bank Trustee

$18,662

RSM US LLP4 years

Filed as: RSM PUERTO RICO

Service code 10 · EIN 66-0388756

P.O. BOX 10528 · SAN JUAN, PR 009220528

Accounting

$15,787

BPAS1 year

Filed as: BPAS TRUST CO OF PUERTO RICO

Service code 25 · EIN 66-0795542

1225 PONCE DE LEON AVE · SAN JUAN, PR 00907

Directed Trustee

$10,128

DIMEO SCHNEIDER & ASSOCIATES LLC2 years

Filed as: DIMEO SCHNEIDER

Service code 27

500 WEST MADISON STREET · CHICAGO, IL 60661

Advisory (Plan)

$1,376

GVS PUERTO RICO LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GVS PUERTO RICO LLC RETIREMENT 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