Retirement plan

GULLO'S GARDEN CENTER LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: GULLO'S GARDEN CENTER LLC - GULLO'S GARDEN CENTER LLC 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: GULLO'S GARDEN CENTER LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GULLO'S GARDEN CENTER LLC 401(K) PROFIT SHARING PLAN AND TRUST, GULLO'S GARDEN CENTER LLC

GULLO'S GARDEN CENTER LLCEIN 01-0585185Plan #001PY 2024

4767 SOUTHWESTERN BLVD. - HAMBURG, NY 14075716-646-6111gullosgc.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$1.7M assets

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+25.7% from 2023

Total participants

0.0% from 2023

Average account balance

$41,692

+29.2% from 2023

Annual return

6.22%

-3.91 pp from 2023

Benchmarks

See 9,347 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,347 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.46M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$270K

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

+6.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1269

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 codes2E2F2G2J3D

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$44K

$1776 / participant

Other / not subdivided$44K100.0%

% of EOY assets

3.043%

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

$41,692

$71,057-41.3%

$93,654-55.5%

$80,874-48.4%

Participation rate

96.0%

60.4%+35.6pp

68.7%+27.3pp

67.6%+28.4pp

Annual return

6.22%

11.26%-5.0pp

133.34%-127.1pp

35.62%-29.4pp

Employer contribution / active EE

$7,218

$1,564+361.6%

$2,421+198.2%

$2,756+161.9%

Participant deferral / active EE

$3,588

$4,034-11.1%

$4,413-18.7%

$4,297-16.5%

Admin fee / account holder

$1,269

$6,944-81.7%

$8,282-84.7%

$6,935-81.7%

GULLO'S GARDEN CENTER LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GULLO'S GARDEN CENTER LLC 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