Retirement plan

GLOBAL ASSET SERVICES, INC 401(K) PROFIT SHARING PLAN

Name: GLOBAL ASSET SERVICES, INC - GLOBAL ASSET SERVICES, INC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: GLOBAL ASSET SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBAL ASSET SERVICES, INC 401(K) PROFIT SHARING PLAN, GLOBAL ASSET SERVICES, INC

GLOBAL ASSET SERVICES, INCEIN 66-0935077Plan #001PY 2020

623 MORRIS AVENUE A - SPRINGFIELD, NJ 07081973-544-6970

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$665K

No prior year

Total participants

No prior year

Average account balance

$110,881

No prior year

Annual return

10.45%

No prior year

Benchmarks

See 32,149 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,149 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.33M

Not enough data

1 years with asset history on file

Average account balance

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

$481K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$392K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$65K

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

+52.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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 codes2E2J3B3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$110,881

$197,637-43.9%

$177,848-37.7%

$158,982-30.3%

Participation rate

83.3%

88.5%-5.2pp

87.7%-4.4pp

82.0%+1.4pp

Annual return

10.45%

58.77%-48.3pp

48.33%-37.9pp

302.99%-292.5pp

Employer contribution / active EE

$17,976

$6,698+168.4%

$5,919+203.7%

$4,763+277.4%

Participant deferral / active EE

$8,667

$8,405+3.1%

$7,714+12.4%

$5,983+44.8%

Admin fee / account holder

$15,406-100.0%

$12,431-100.0%

$11,252-100.0%

GLOBAL ASSET SERVICES, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GLOBAL ASSET SERVICES, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion