Retirement plan

GEARY PACIFIC CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: GEARY PACIFIC CORPORATION - GEARY PACIFIC CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: GEARY PACIFIC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEARY PACIFIC CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST, GEARY PACIFIC CORPORATION

GEARY PACIFIC CORPORATIONEIN 95-2141577Plan #002PY 2019

1360 N. HANCOCK STREET - ANAHEIM, CA 92807714-279-2950gearypacific.comLinkedIn201-500 employeeswholesale

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$18.2M

+25.3% from 2018

Total participants

252

+16.7% from 2018

Average account balance

$72,191

-2.5% from 2018

Annual return

17.50%

+22.07 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.93M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

251

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.

87.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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
COMMONWEALTH FINANCIAL NETWORK3 years Service code 26 · EIN 04-2675571	Advisory (Participants)	$42,447
BATES COUGHTRY REISS LLP2 years Service code 10 · EIN 95-3037112	Accounting	$8,870
QBI, LLC5+ years Service code 13 21031 VENTURA BLVD. 12TH FLOOR · WOODLAND HILLS, CA 91364	Contract Administrator	$8,788
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Filed as: JOHN HANCOCK INSURANCE COMPANY USA Service code 15 · EIN 01-0233346	Recordkeeping	$1,739

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$20K

$84 / participant

Investment mgmt$20K100.0%

% of EOY assets

0.108%

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: BATES COUGHTRY REISS LLP
Auditor EIN: 953037112
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,191

$86,341-16.4%

$125,195-42.3%

$65,186+10.7%

Participation rate

100.0%

75.3%+24.7pp

79.8%+20.2pp

70.2%+29.8pp

Annual return

17.50%

27.44%-9.9pp

43.79%-26.3pp

29.39%-11.9pp

Employer contribution / active EE

$4,043

$2,040+98.2%

$3,866+4.6%

$2,177+85.7%

Participant deferral / active EE

$4,127

$3,538+16.6%

$4,937-16.4%

$3,514+17.4%

Admin fee / account holder

$78

$609-87.2%

$9,704-99.2%

$847-90.8%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 26 · EIN 04-2675571

Advisory (Participants)

$42,447

BATES COUGHTRY REISS LLP2 years

Service code 10 · EIN 95-3037112

Accounting

$8,870

QBI, LLC5+ years

Service code 13

21031 VENTURA BLVD. 12TH FLOOR · WOODLAND HILLS, CA 91364

Contract Administrator

$8,788

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Filed as: JOHN HANCOCK INSURANCE COMPANY USA

Service code 15 · EIN 01-0233346

Recordkeeping

$1,739

GEARY PACIFIC CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEARY PACIFIC CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

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