Retirement plan

GENERAL MICRO SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: GENERAL MICRO SYSTEMS - GENERAL MICRO SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: GENERAL MICRO SYSTEMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL MICRO SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, GENERAL MICRO SYSTEMS

GENERAL MICRO SYSTEMSEIN 95-3668223Plan #003PY 2018

P.O. BOX 3689 - RANCHO CUCAMONGA, CA 91730909-980-4863gms4sbc.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsHigh cashLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+0.4% from 2017

Total participants

132

-15.4% from 2017

Average account balance

$60,262

+1.9% from 2017

Annual return

-6.96%

-23.37 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.77M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$521K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10296

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

0 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
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INSRUAN Service code 15 · EIN 36-6071399	Recordkeeping	$5,128
KB ACTUARIAL, INC.2 years Filed as: KB ACTUARIAL, INC Service code 15 · EIN 27-1837997 PO BOX 9626 · RELANDS, CA 92375	Recordkeeping	$1,150
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 22 · EIN 26-4310632	Insurance Broker	$0

Plan features & details

Pension benefit codes2A2E2F2J2K2T3D

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.
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).
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$6K

$51 / participant

Contract admin$6K100.0%

% of EOY assets

0.153%

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: LENNY YEH, INC.
Auditor EIN: 208848624
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,262

$59,191+1.8%

$76,767-21.5%

$56,289+7.1%

Participation rate

47.5%

75.2%-27.7pp

77.0%-29.4pp

69.9%-22.3pp

Annual return

-6.96%

6.62%-13.6pp

2.43%-9.4pp

-9.96%+3.0pp

Employer contribution / active EE

$1,626

$1,759-7.6%

$2,485-34.6%

$2,111-23.0%

Participant deferral / active EE

$2,542

$3,255-21.9%

$3,852-34.0%

$3,350-24.1%

Admin fee / account holder

$92

$489-81.1%

$6,675-98.6%

$521-82.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INSRUAN

Service code 15 · EIN 36-6071399

Recordkeeping

$5,128

KB ACTUARIAL, INC.2 years

Filed as: KB ACTUARIAL, INC

Service code 15 · EIN 27-1837997

PO BOX 9626 · RELANDS, CA 92375

Recordkeeping

$1,150

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 22 · EIN 26-4310632

Insurance Broker

GENERAL MICRO SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL MICRO SYSTEMS, 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