Retirement plan

GATEWAY PACIFIC CONTRACTORS, INC. 401(K) PLAN

Name: GATEWAY PACIFIC CONTRACTORS, INC - GATEWAY PACIFIC CONTRACTORS, INC. 401(K) PLAN (2020) Form 5500
Creator: GATEWAY PACIFIC CONTRACTORS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GATEWAY PACIFIC CONTRACTORS, INC. 401(K) PLAN, GATEWAY PACIFIC CONTRACTORS, INC

GATEWAY PACIFIC CONTRACTORS, INCEIN 68-0136507Plan #002PY 2020

8055 FREEPORT BLVD - SACRAMENTO, CA 958329716916-665-4100gatewaypacific.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.7M

+17.2% from 2019

Total participants

128

-3.0% from 2019

Average account balance

$87,906

+16.1% from 2019

Annual return

14.47%

-8.55 pp from 2019

Benchmarks

See 16,249 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,249 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.53M

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.

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.

178.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$745K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+11.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10715

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

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$24,802
MMA SECURITIES LLC1 year Service code 49 · EIN 22-3570392	Other Services	$10,685

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$25K

$302 / participant

Contract admin$25K100.0%

% of EOY assets

0.256%

all-in expense ratio

Categories reported

1 / 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: SUMMIT CPA GROUP
Auditor EIN: 113730017
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,906

$72,273+21.6%

$101,275-13.2%

$79,856+10.1%

Participation rate

78.0%

68.5%+9.6pp

75.8%+2.2pp

69.6%+8.4pp

Annual return

14.47%

22.30%-7.8pp

46.48%-32.0pp

31.71%-17.2pp

Employer contribution / active EE

$15,289

$2,691+468.1%

$3,660+317.7%

$2,471+518.7%

Participant deferral / active EE

$2,715

$3,282-17.3%

$4,371-37.9%

$3,741-27.4%

Admin fee / account holder

$225

$4,401-94.9%

$5,948-96.2%

$5,306-95.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$24,802

MMA SECURITIES LLC1 year

Service code 49 · EIN 22-3570392

Other Services

$10,685

GATEWAY PACIFIC CONTRACTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GATEWAY PACIFIC CONTRACTORS, INC. 401(K) 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