Retirement plan

GORDON, THOMAS, HONEYWELL, LLP 401(K) PROFIT SHARING PLAN

Name: GORDON THOMAS HONEYWELL, LLP - GORDON, THOMAS, HONEYWELL, LLP 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: GORDON THOMAS HONEYWELL, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GORDON, THOMAS, HONEYWELL, LLP 401(K) PROFIT SHARING PLAN, GORDON THOMAS HONEYWELL, LLP

GORDON THOMAS HONEYWELL, LLPEIN 91-0861866Plan #002PY 2022

C/O 401K PLAN ADMINISTRATOR, 1201 PACIFIC AVENUE, SUITE 2100 - TACOMA, WA 98402253-620-6500gth-law.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh retiree %High assets / participant

How to read this page

Total assets (EOY)

$34.9M

-21.1% from 2021

Total participants

103

+2.0% from 2021

Average account balance

$341,993

-21.9% from 2021

Annual return

-16.08%

-29.39 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.94M

Not enough data

1 years with asset history on file

Average account balance

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

$467K

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.

284.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29887

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

Top 2 by compensation

Provider	Service type	Compensation
DWYER PEMBERTON & COULSON PC4 years Service code 10 · EIN 91-1503183	Accounting	$14,200
NWRPC LLC3 years Filed as: NORTHWEST RET PLAN CONSULTANTS LLC Service code 13 · EIN 46-5674799	Contract Administrator	$6,531

Plan features & details

Pension benefit codes2E2F2G2J2K3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$21K

$610 / participant

Contract admin$7K31.5%
Other / not subdivided$14K68.5%

% of EOY assets

0.059%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DWYER PEMBERTON & COULSON, PC
Auditor EIN: 911503183
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$341,993

$82,678+313.6%

$125,391+172.7%

$68,490+399.3%

Participation rate

97.1%

75.1%+22.0pp

82.4%+14.7pp

67.9%+29.2pp

Annual return

-16.08%

-5.97%-10.1pp

572.41%-588.5pp

-7.85%-8.2pp

Employer contribution / active EE

$18,736

$3,382+454.0%

$4,816+289.1%

$2,597+621.5%

Participant deferral / active EE

$11,564

$6,111+89.2%

$7,448+55.3%

$4,028+187.1%

Admin fee / account holder

$203

$6,277-96.8%

$10,009-98.0%

$5,403-96.2%

Provider

Service type

Compensation

DWYER PEMBERTON & COULSON PC4 years

Service code 10 · EIN 91-1503183

Accounting

$14,200

NWRPC LLC3 years

Filed as: NORTHWEST RET PLAN CONSULTANTS LLC

Service code 13 · EIN 46-5674799

Contract Administrator

$6,531

GORDON, THOMAS, HONEYWELL, LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GORDON, THOMAS, HONEYWELL, LLP 401(K) 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