Retirement plan

F. GAVINA & SONS, INC. 401(K) PROFIT SHARING PLAN

Name: F. GAVINA & SONS, INC. - F. GAVINA & SONS, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: F. GAVINA & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, F. GAVINA & SONS, INC. 401(K) PROFIT SHARING PLAN, F. GAVINA & SONS, INC.

F. GAVINA & SONS, INC.EIN 95-2922751Plan #002PY 2024

2700 FRUITLAND AVENUE - VERNON, CA 90058323-582-0671

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$40.3M

+9.2% from 2023

Total participants

324

+2.5% from 2023

Average account balance

$124,352

+6.5% from 2023

Annual return

11.75%

-2.23 pp from 2023

Benchmarks

See 745 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort745 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.29M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

324

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$474

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
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY Service code 27 · EIN 11-3658445	Advisory (Plan)	$34,120
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 06-0974148	Recordkeeping Fees	$760
SNOWDEN ACCOUNT SERVICE, INC.7 years Service code 33 · EIN 94-3467207	Securities brokerage	$0

Plan features & details

Pension benefit codes2A2E2H2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

$153K

$579 / participant

Investment mgmt$153K100.0%

% of EOY assets

0.381%

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: CLIFTONLARSONALLEN
Auditor EIN: 410746749
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,352

$66,457+87.1%

$81,438+52.7%

$77,671+60.1%

Participation rate

100.0%

68.7%+31.3pp

69.5%+30.5pp

70.6%+29.4pp

Annual return

11.75%

15.93%-4.2pp

24.74%-13.0pp

31.21%-19.5pp

Employer contribution / active EE

$5,542

$2,159+156.6%

$2,460+125.2%

$2,726+103.3%

Participant deferral / active EE

$3,545

$3,679-3.7%

$3,883-8.7%

$4,648-23.7%

Admin fee / account holder

$474

$583-18.7%

$5,764-91.8%

$430+10.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY

Service code 27 · EIN 11-3658445

Advisory (Plan)

$34,120

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 06-0974148

Recordkeeping Fees

$760

SNOWDEN ACCOUNT SERVICE, INC.7 years

Service code 33 · EIN 94-3467207

Securities brokerage

F. GAVINA & SONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

F. GAVINA & SONS, 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