Retirement plan

GOOD FULTON & FARRELL, INC. 401(K) PROFIT SHARING PLAN

Name: GOOD FULTON & FARRELL, INC. - GOOD FULTON & FARRELL, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GOOD FULTON & FARRELL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOOD FULTON & FARRELL, INC. 401(K) PROFIT SHARING PLAN, GOOD FULTON & FARRELL, INC.

GOOD FULTON & FARRELL, INC.EIN 75-1819845Plan #001PY 2024

3030 NOWITZKI WAY, SUITE 400 - DALLAS, TX 75219214-303-1500

Prospect flagsHigh feesLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$24M

+15.2% from 2023

Total participants

176

-10.2% from 2023

Average account balance

$147,042

+30.0% from 2023

Annual return

17.90%

-0.95 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.97M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

163

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.

88.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$938K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+17.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$609

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
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$99,221
UBS FINANCIAL SERVICES INC3 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$42,516
NOVA 401(K) ASSOCIATES9 years Service code 49 · EIN 20-1181458	Other Services	$10,984

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$99K

$886 / participant

Contract admin$99K100.0%

% of EOY assets

0.414%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,042

$101,653+44.7%

$147,0800%

$74,459+97.5%

Participation rate

88.4%

75.6%+12.8pp

82.2%+6.2pp

67.2%+21.2pp

Annual return

17.90%

8754.98%-8737.1pp

420.17%-402.3pp

1369.70%-1351.8pp

Employer contribution / active EE

$3,813-100.0%

$4,933-100.0%

$2,626-100.0%

Participant deferral / active EE

$8,372

$7,304+14.6%

$8,066+3.8%

$4,350+92.5%

Admin fee / account holder

$609

$1,752-65.2%

$12,989-95.3%

$1,945-68.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$99,221

UBS FINANCIAL SERVICES INC3 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$42,516

NOVA 401(K) ASSOCIATES9 years

Service code 49 · EIN 20-1181458

Other Services

$10,984

GOOD FULTON & FARRELL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOOD FULTON & FARRELL, INC. 401(K) 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