Retirement plan

GALLOWAY & ASSOCIATES 401(K) RETIREMENT PLAN

Name: GALLOWAY & ASSOCIATES - GALLOWAY & ASSOCIATES 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: GALLOWAY & ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GALLOWAY & ASSOCIATES 401(K) RETIREMENT PLAN, GALLOWAY & ASSOCIATES

GALLOWAY & ASSOCIATESEIN 95-3748024Plan #001PY 2023

2236 S. BROADWAY, SUITE M - SANTA MARIA, CA 93454805-928-1745

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+5.1% from 2022

Total participants

+7.1% from 2022

Average account balance

$189,831

+5.1% from 2022

Annual return

13.44%

+29.26 pp from 2022

Benchmarks

See 139,707 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,707 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.02M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$159K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4006

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2J3D2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$355K

$29578 / participant

Other / not subdivided$355K100.0%

% of EOY assets

13.356%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,831

$148,629+27.7%

$135,982+39.6%

$139,487+36.1%

Participation rate

91.7%

83.9%+7.8pp

81.9%+9.7pp

80.3%+11.3pp

Annual return

13.44%

79.33%-65.9pp

68.32%-54.9pp

373.84%-360.4pp

Employer contribution / active EE

$3,836

$5,247-26.9%

$4,859-21.1%

$4,755-19.3%

Participant deferral / active EE

$7,566

$8,102-6.6%

$7,760-2.5%

$6,713+12.7%

Admin fee / account holder

$25,353

$12,406+104.4%

$10,767+135.5%

$11,407+122.3%

GALLOWAY & ASSOCIATES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GALLOWAY & ASSOCIATES 401(K) RETIREMENT 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