Retirement plan

GREATWAVE BROADBAND SERVICES, LLC EMPLOYEES 401(K) PLAN

Name: GREATWAVE BROADBAND SERVICES, LLC - GREATWAVE BROADBAND SERVICES, LLC EMPLOYEES 401(K) PLAN (2020) Form 5500
Creator: GREATWAVE BROADBAND SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATWAVE BROADBAND SERVICES, LLC EMPLOYEES 401(K) PLAN, GREATWAVE BROADBAND SERVICES, LLC

GREATWAVE BROADBAND SERVICES, LLCEIN 81-2790531Plan #002PY 2020

224 STATE STREET, P.O. BOX 579 - CONNEAUT, OH 44030440-593-7140LinkedIn51-200 employeestelecommunications

Other plans on this EIN

1 filing

#001Retirement-$3.0M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+26.1% from 2019

Total participants

-2.7% from 2019

Average account balance

$73,007

+18.7% from 2019

Annual return

18.83%

-4.86 pp from 2019

Benchmarks

See 3,013 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,013 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.72M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

114.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$152K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+18.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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 codes3D2E2F2G2J

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$30K

$1217 / participant

Other / not subdivided$30K100.0%

% of EOY assets

1.226%

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

$73,007

$70,486+3.6%

$100,535-27.4%

$79,856-8.6%

Participation rate

92.0%

73.6%+18.4pp

79.4%+12.6pp

69.6%+22.4pp

Annual return

18.83%

21.90%-3.1pp

30.90%-12.1pp

31.71%-12.9pp

Employer contribution / active EE

$1,767

$2,165-18.4%

$3,419-48.3%

$2,471-28.5%

Participant deferral / active EE

$4,200

$5,182-18.9%

$6,271-33.0%

$3,741+12.3%

Admin fee / account holder

$895

$4,480-80.0%

$8,085-88.9%

$5,306-83.1%

GREATWAVE BROADBAND SERVICES, LLC EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATWAVE BROADBAND SERVICES, LLC EMPLOYEES 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