Retirement plan

THE GERSH AGENCY, INC. 401(K) PROFIT SHARING PLAN

Name: THE GERSH AGENCY, INC. DBA GERSH - THE GERSH AGENCY, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: THE GERSH AGENCY, INC. DBA GERSH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GERSH AGENCY, INC. 401(K) PROFIT SHARING PLAN, THE GERSH AGENCY, INC. DBA GERSH

THE GERSH AGENCY, INC. DBA GERSHEIN 95-1656028Plan #003PY 2020

9465 WILSHIRE BLVD STE. 600 - BEVERLY HILLS, CA 90212310-274-6611

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$23.1M

+14.6% from 2019

Total participants

212

-22.6% from 2019

Average account balance

$126,383

+21.5% from 2019

Annual return

14.02%

-7.71 pp from 2019

Benchmarks

See 554 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort554 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.26M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

341

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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 4 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC2 years Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$39,810
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 · EIN 84-0467907	Recordkeeping Fees	$14,844
ONEDIGITAL INVESTMENT ADVISORS LLC6+ years Filed as: KRAVITZ, INC. Service code 17	Pension Consulting	$10,000
ONEDIGITAL INVESTMENT ADVISORS LLC3 years Filed as: KRAVITZ, LLC Service code 17 C/O FUTUREPLAN ENCINO · KANSAS CITY, MO 64121	Pension Consulting	$0

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$95K

$483 / participant

Investment mgmt$40K42.1%
Other / not subdivided$55K57.9%

% of EOY assets

0.409%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,383

$53,901+134.5%

$134,162-5.8%

$73,497+72.0%

Participation rate

85.2%

62.8%+22.4pp

72.2%+13.0pp

70.7%+14.5pp

Annual return

14.02%

15.82%-1.8pp

36.35%-22.3pp

28.51%-14.5pp

Employer contribution / active EE

$1,458-100.0%

$3,705-100.0%

$2,270-100.0%

Participant deferral / active EE

$6,579

$2,739+140.2%

$3,500+88.0%

$3,740+75.9%

Admin fee / account holder

$517

$581-10.9%

$6,685-92.3%

$513+0.8%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC2 years

Service code 27

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$39,810

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$14,844

ONEDIGITAL INVESTMENT ADVISORS LLC6+ years

Filed as: KRAVITZ, INC.

Service code 17

Pension Consulting

$10,000

ONEDIGITAL INVESTMENT ADVISORS LLC3 years

Filed as: KRAVITZ, LLC

Service code 17

C/O FUTUREPLAN ENCINO · KANSAS CITY, MO 64121

Pension Consulting

THE GERSH AGENCY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GERSH AGENCY, INC. 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