Retirement plan

GADABOUT, INC. 401K PROFIT SHARING PLAN

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

GADABOUT, INC.EIN 86-0421261Plan #001PY 2024

3100 N. 1ST AVENUE - TUCSON, AZ 85719520-885-0000LinkedIn201-500 employees

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$8.2M

+6.9% from 2023

Total participants

251

+5.5% from 2023

Average account balance

$40,116

+3.3% from 2023

Annual return

12.51%

-3.61 pp from 2023

Benchmarks

See 2,053 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,053 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.22M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

205

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.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$458K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.51%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT5 years Service code 26 60 SOUTH 6TH STREET, P08 · MINNEAPOLIS, MN 55402	Advisory (Participants)	$34,564
AMERICAN REALTY ADVISORS5 years Filed as: AMERICAN TRUST RETIREMENT Service code 15 855 MAIN STREET, 4TH FLOOR · DUBUQUE, IA 52001	Recordkeeping	$23,812

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,116

$60,454-33.6%

$81,844-51.0%

$74,459-46.1%

Participation rate

76.3%

63.0%+13.3pp

72.4%+3.9pp

67.2%+9.1pp

Annual return

12.51%

16.87%-4.4pp

778.87%-766.4pp

1369.70%-1357.2pp

Employer contribution / active EE

$2,630-99.7%

$2,916-99.7%

$2,626-99.7%

Participant deferral / active EE

$2,351

$3,398-30.8%

$4,323-45.6%

$4,350-46.0%

Admin fee / account holder

$1,490-100.0%

$7,355-100.0%

$1,945-100.0%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT5 years

Service code 26

60 SOUTH 6TH STREET, P08 · MINNEAPOLIS, MN 55402

Advisory (Participants)

$34,564

AMERICAN REALTY ADVISORS5 years

Filed as: AMERICAN TRUST RETIREMENT

Service code 15

855 MAIN STREET, 4TH FLOOR · DUBUQUE, IA 52001

Recordkeeping

$23,812

GADABOUT, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GADABOUT, INC. 401K 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