Retirement plan

GONSALVES & SANTUCCI, INC. 401(K) PLAN

Name: GONSALVES & SANTUCCI, INC. - GONSALVES & SANTUCCI, INC. 401(K) PLAN (2020) Form 5500
Creator: GONSALVES & SANTUCCI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GONSALVES & SANTUCCI, INC. 401(K) PLAN, GONSALVES & SANTUCCI, INC.

GONSALVES & SANTUCCI, INC.EIN 94-1527989Plan #003PY 2020

5141 COMMERCIAL CIRCLE - CONCORD, CA 94520925-685-6799LinkedIn201-500 employeesconstruction

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$58.2M

+75.3% from 2019

Total participants

574

+1.1% from 2019

Average account balance

$104,882

+71.8% from 2019

Annual return

73.02%

+47.86 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$81.22M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

417

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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

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Service providers

Top 10 of 21 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY6+ years Filed as: MORGAN STANLEY INS SERVICES INC Service code 53 · EIN 51-0116113	Insurance Commissions	$53,442
MARCUM LLP1 year Filed as: MARCUM Service code 50 · EIN 11-1986323	Direct Payment	$32,147
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$12,204
PACIFIC RETIREMENT PLANS1 year Service code 14 · EIN 94-1634959	Plan Administrator	$11,850
ALGER4 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
AMERICAN CENTURY4 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 52-0792143	Indirect Investment Fees	$0
ARTISAN PARTNERS4 years Filed as: ARTISAN Service code 52 · EIN 39-1811840	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
EATON VANCE4 years Service code 52 · EIN 13-2706484	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$136 / participant

Contract admin$25K43.3%
Other / not subdivided$32K56.7%

% of EOY assets

0.097%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,882

$91,517+14.6%

$101,248+3.6%

$73,409+42.9%

Participation rate

95.4%

73.8%+21.7pp

75.8%+19.6pp

72.2%+23.3pp

Annual return

73.02%

17.17%+55.8pp

46.47%+26.5pp

59.29%+13.7pp

Employer contribution / active EE

$8,508

$2,877+195.7%

$3,660+132.5%

$2,234+280.9%

Participant deferral / active EE

$5,778

$3,338+73.1%

$4,370+32.2%

$3,805+51.8%

Admin fee / account holder

$102

$216-52.7%

$5,945-98.3%

$158-35.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: MORGAN STANLEY INS SERVICES INC

Service code 53 · EIN 51-0116113

Insurance Commissions

$53,442

MARCUM LLP1 year

Filed as: MARCUM

Service code 50 · EIN 11-1986323

Direct Payment

$32,147

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$12,204

PACIFIC RETIREMENT PLANS1 year

Service code 14 · EIN 94-1634959

Plan Administrator

$11,850

ALGER4 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

AMERICAN CENTURY4 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 52-0792143

Indirect Investment Fees

ARTISAN PARTNERS4 years

Filed as: ARTISAN

Service code 52 · EIN 39-1811840

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 94-1687665

Indirect Investment Fees

EATON VANCE4 years

Service code 52 · EIN 13-2706484

Indirect Investment Fees

GONSALVES & SANTUCCI, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GONSALVES & SANTUCCI, INC. 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