Retirement plan

GREAT CIRCLE MACHINERY RETIREMENT PLAN

Name: GREAT CIRCLE MACHINERY CORP. - GREAT CIRCLE MACHINERY RETIREMENT PLAN (2023) Form 5500
Creator: GREAT CIRCLE MACHINERY CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT CIRCLE MACHINERY RETIREMENT PLAN, GREAT CIRCLE MACHINERY CORP.

GREAT CIRCLE MACHINERY CORP.EIN 81-2065591Plan #001PY 2023

2959 S STEFANO CT - ONTARIO, CA 91761866-493-0524gcmap.comLinkedIn1-10 employeesairlines/aviation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$170K

+107.6% from 2022

Total participants

+8.3% from 2022

Average account balance

$15,494

+107.6% from 2022

Annual return

37.45%

+65.61 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$287K

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$394

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$24K

$2421 / participant

Other / not subdivided$24K100.0%

% of EOY assets

14.205%

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

$15,494

$96,678-84.0%

$86,640-82.1%

$139,466-88.9%

Participation rate

80.0%

74.4%+5.6pp

71.7%+8.3pp

80.3%-0.3pp

Annual return

37.45%

106.69%-69.2pp

592.52%-555.1pp

373.66%-336.2pp

Employer contribution / active EE

$2,963

$3,265-9.3%

$3,024-2.0%

$4,754-37.7%

Participant deferral / active EE

$4,891

$4,837+1.1%

$4,438+10.2%

$6,712-27.1%

Admin fee / account holder

$2,201

$6,410-65.7%

$5,616-60.8%

$11,409-80.7%

GREAT CIRCLE MACHINERY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT CIRCLE MACHINERY RETIREMENT 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