Retirement plan

GARRATT-CALLAHAN COMPANY EMPLOYEES' PROFIT SHARING PLAN

Name: GARRATT-CALLAHAN COMPANY - GARRATT-CALLAHAN COMPANY EMPLOYEES' PROFIT SHARING PLAN (2020) Form 5500
Creator: GARRATT-CALLAHAN COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARRATT-CALLAHAN COMPANY EMPLOYEES' PROFIT SHARING PLAN, GARRATT-CALLAHAN COMPANY

GARRATT-CALLAHAN COMPANYEIN 94-0497430Plan #001PY 2020

50 INGOLD RD - BURLINGAME, CA 940102206650-697-5811garrattcallahan.comLinkedIn201-500 employeeschemicals

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$78.5M

+22.2% from 2019

Total participants

417

+4.3% from 2019

Average account balance

$201,695

+15.9% from 2019

Annual return

22.85%

-6.54 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$76.48M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

480

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$812

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
CHAPMAN, HEXT & CO. P.C.4 years Filed as: CHAPMAN INVETMENT MANAGEMENT LLC Service code 27 9 FRANCISCO VISTA COURT · TIBURON, CA 94920	Advisory (Plan)	$317,518
NAVOLIO & TALLMAN LLP4 years Service code 10 · EIN 26-1367143 201 MISSION STREET, STE. 650 · SAN FRANCISCO, CA 94105	Accounting	$13,500
PRIMARK BENEFITS6+ years Service code 13 · EIN 94-2320862 875 MAHLER RD. STE. 105 · BURLINGAME, CA 94010	Contract Administrator	$7,120

Plan features & details

Pension benefit codes2E2J2K2S3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$338K

$907 / participant

Investment mgmt$318K93.9%
Contract admin$7K2.1%
Other / not subdivided$14K4.0%

% of EOY assets

0.431%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NAVOLIO & TALLMAN LLP
Auditor EIN: 261367143
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,695

$85,135+136.9%

$98,916+103.9%

$73,412+174.7%

Participation rate

92.5%

81.1%+11.4pp

76.0%+16.5pp

72.2%+20.3pp

Annual return

22.85%

19.14%+3.7pp

196.45%-173.6pp

59.30%-36.4pp

Employer contribution / active EE

$975

$2,721-64.2%

$2,689-63.7%

$2,234-56.4%

Participant deferral / active EE

$6,665

$4,349+53.2%

$4,245+57.0%

$3,806+75.1%

Admin fee / account holder

$869

$139+524.2%

$6,642-86.9%

$158+450.5%

Provider

Service type

Compensation

CHAPMAN, HEXT & CO. P.C.4 years

Filed as: CHAPMAN INVETMENT MANAGEMENT LLC

Service code 27

9 FRANCISCO VISTA COURT · TIBURON, CA 94920

Advisory (Plan)

$317,518

NAVOLIO & TALLMAN LLP4 years

Service code 10 · EIN 26-1367143

201 MISSION STREET, STE. 650 · SAN FRANCISCO, CA 94105

Accounting

$13,500

PRIMARK BENEFITS6+ years

Service code 13 · EIN 94-2320862

875 MAHLER RD. STE. 105 · BURLINGAME, CA 94010

Contract Administrator

$7,120

GARRATT-CALLAHAN COMPANY EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARRATT-CALLAHAN COMPANY EMPLOYEES' 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