Retirement plan

GREAT WEST EQUIPMENT PROFIT SHARING AND SAFE HARBOR 401(K) PLAN

Name: GREAT WEST EQUIPMENT, INC. - GREAT WEST EQUIPMENT PROFIT SHARING AND SAFE HARBOR 401(K) PLAN (2020) Form 5500
Creator: GREAT WEST EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT WEST EQUIPMENT PROFIT SHARING AND SAFE HARBOR 401(K) PLAN, GREAT WEST EQUIPMENT, INC.

GREAT WEST EQUIPMENT, INC.EIN 77-0172361Plan #001PY 2020

8821 MURAOKA DRIVE - GILROY, CA 95020408-848-0885

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+15.1% from 2019

Total participants

+50.0% from 2019

Average account balance

$230,772

-8.0% from 2019

Annual return

13.40%

-7.17 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

$1.56M

Not enough data

1 years with asset history on file

Average account balance

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

$390K

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

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$230,772

$121,677+89.7%

$104,625+120.6%

$158,966+45.2%

Participation rate

75.0%

77.5%-2.5pp

74.1%+0.9pp

82.0%-7.0pp

Annual return

13.40%

465.58%-452.2pp

340.60%-327.2pp

302.95%-289.6pp

Employer contribution / active EE

$1,208

$3,165-61.8%

$2,681-55.0%

$4,762-74.6%

Participant deferral / active EE

$2,946

$4,175-29.5%

$3,738-21.2%

$5,983-50.8%

Admin fee / account holder

$7,777-100.0%

$6,465-100.0%

$11,250-100.0%

GREAT WEST EQUIPMENT PROFIT SHARING AND SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GREAT WEST EQUIPMENT PROFIT SHARING AND SAFE HARBOR 401(K) 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