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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#002Retirement-$1.2M assets

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+41.1% from 2022

Total participants

+9.1% from 2022

Average account balance

$32,257

+29.4% from 2022

Annual return

10.13%

+23.92 pp from 2022

Benchmarks

See 9,480 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,480 peers

Snapshot2023

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

2 tripped

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).

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

$32,257

$65,555-50.8%

$86,216-62.6%

$75,173-57.1%

Participation rate

100.0%

60.5%+39.5pp

69.0%+31.0pp

67.2%+32.8pp

Annual return

10.13%

46.07%-35.9pp

1169.42%-1159.3pp

160.72%-150.6pp

Employer contribution / active EE

$5,899

$1,553+279.8%

$2,382+147.7%

$2,671+120.9%

Participant deferral / active EE

$2,900

$3,023-4.1%

$3,986-27.3%

$4,126-29.7%

Admin fee / account holder

$5,469-100.0%

$6,853-100.0%

$5,651-100.0%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

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

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion