Retirement plan

GEOTEK OPERATIONS LIMITED 401(K) PLAN

Name: GEOTEK OPERATIONS LIMITED - GEOTEK OPERATIONS LIMITED 401(K) PLAN (2017) Form 5500
Creator: GEOTEK OPERATIONS LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEOTEK OPERATIONS LIMITED 401(K) PLAN, GEOTEK OPERATIONS LIMITED

GEOTEK OPERATIONS LIMITEDEIN 80-0808939Plan #001PY 2017

6835 SOUTH ESCONDIDO STREET, SUITE A - LAS VEGAS, NV 89119702-939-1614

Other plans on this EIN

1 filing

#002Retirement-$348K assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$7.4M

+24.3% from 2016

Total participants

265

+23.8% from 2016

Average account balance

$30,012

+2.0% from 2016

Annual return

16.78%

+9.46 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.00M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

564

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.47M

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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
NATIONWIDE3+ years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830	Recordkeeping	$29,182
INDEPENDENT FINANCIAL PARTNERS3+ years Service code 26 · EIN 59-3331424	Advisory (Participants)	$26,588
HARRIS & CO PLLC2 years Filed as: HARRIS AND CO PLLC Service code 10 2289 S BONITO WAY SUITE 100 · MERIDIAN, ID 83642	Accounting	$5,700

Plan features & details

Pension benefit codes2E2F2G2K2R2S2T3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$194 / participant

Contract admin$43K100.0%

% of EOY assets

0.582%

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: HARRIS & CO., PLLC
Auditor EIN: 264022510
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,012

$80,753-62.8%

$136,298-78.0%

$62,293-51.8%

Participation rate

91.0%

73.5%+17.4pp

81.9%+9.0pp

69.5%+21.4pp

Annual return

16.78%

35.83%-19.0pp

5156.27%-5139.5pp

28.90%-12.1pp

Employer contribution / active EE

$448

$2,884-84.5%

$4,696-90.5%

$2,042-78.0%

Participant deferral / active EE

$2,557

$5,164-50.5%

$6,247-59.1%

$3,169-19.3%

Admin fee / account holder

$175

$525-66.8%

$9,244-98.1%

$479-63.6%

Provider

Service type

Compensation

NATIONWIDE3+ years

Filed as: NATIONWIDE INSURANCE

Service code 15 · EIN 31-4156830

Recordkeeping

$29,182

INDEPENDENT FINANCIAL PARTNERS3+ years

Service code 26 · EIN 59-3331424

Advisory (Participants)

$26,588

HARRIS & CO PLLC2 years

Filed as: HARRIS AND CO PLLC

Service code 10

2289 S BONITO WAY SUITE 100 · MERIDIAN, ID 83642

Accounting

$5,700

GEOTEK OPERATIONS LIMITED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEOTEK OPERATIONS LIMITED 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