Retirement plan

GIBSONS PRODUCTS CO. OF KERRVILLE, INC. EMPLOYEE PROFIT SHARING PLAN

Name: GIBSONS PRODUCTS COMPANY OF KERRVILLE, INC. - GIBSONS PRODUCTS CO. OF KERRVILLE, INC. EMPLOYEE PROFIT SHARING PLAN (2020) Form 5500
Creator: GIBSONS PRODUCTS COMPANY OF KERRVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIBSONS PRODUCTS CO. OF KERRVILLE, INC. EMPLOYEE PROFIT SHARING PLAN, GIBSONS PRODUCTS COMPANY OF KERRVILLE, INC.

GIBSONS PRODUCTS COMPANY OF KERRVILLE, INC.EIN 74-1593920Plan #001PY 2020

P. O. BOX 290110 - KERRVILLE, TX 780290110830-257-3511LinkedIn11-50 employeesretail

Prospect flagsLow returnsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$173K

-5.4% from 2019

Total participants

+32.1% from 2019

Average account balance

$4,671

-28.4% from 2019

Annual return

-0.66%

-18.39 pp from 2019

Benchmarks

See 7,940 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,940 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$166K

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

103.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$741

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

+6.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2335

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 codes2E2G2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$31K

$1347 / participant

Other / not subdivided$31K100.0%

% of EOY assets

17.921%

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

$4,671

$121,677-96.2%

$104,625-95.5%

$158,966-97.1%

Participation rate

100.0%

77.5%+22.5pp

74.1%+25.9pp

82.0%+18.0pp

Annual return

-0.66%

465.58%-466.2pp

340.60%-341.3pp

302.95%-303.6pp

Employer contribution / active EE

$870

$3,165-72.5%

$2,681-67.6%

$4,762-81.7%

Participant deferral / active EE

$4,175-100.0%

$3,738-100.0%

$5,983-100.0%

Admin fee / account holder

$837

$7,777-89.2%

$6,465-87.1%

$11,250-92.6%

GIBSONS PRODUCTS CO. OF KERRVILLE, INC. EMPLOYEE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIBSONS PRODUCTS CO. OF KERRVILLE, INC. EMPLOYEE PROFIT SHARING 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