Retirement plan

GRANITE LOCK COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: GRANITE LOCK COMPANY, INC. - GRANITE LOCK COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: GRANITE LOCK COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRANITE LOCK COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST, GRANITE LOCK COMPANY, INC.

GRANITE LOCK COMPANY, INC.EIN 04-3340729Plan #001PY 2021

755 SOUTHERN ARTERY - QUINCY, MA 02169617-472-2177granitelock.comLinkedIn1-10 employeessecurity and investigations

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$845K

+37.5% from 2020

Total participants

0.0% from 2020

Average account balance

$211,362

+106.3% from 2020

Annual return

15.17%

-8.83 pp from 2020

Benchmarks

See 37,642 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,642 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.70M

Not enough data

1 years with asset history on file

Average account balance

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

$283K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$155K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+18.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1841

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$8K

$1695 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.002%

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

$211,362

$109,863+92.4%

$98,477+114.6%

$167,518+26.2%

Participation rate

60.0%

75.8%-15.8pp

73.3%-13.3pp

82.1%-22.1pp

Annual return

15.17%

1958.09%-1942.9pp

1493.59%-1478.4pp

478.71%-463.5pp

Employer contribution / active EE

$18,539

$3,225+474.8%

$2,961+526.2%

$4,838+283.2%

Participant deferral / active EE

$9,674

$4,673+107.0%

$4,276+126.2%

$6,342+52.5%

Admin fee / account holder

$2,119

$6,755-68.6%

$5,951-64.4%

$12,312-82.8%

GRANITE LOCK COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRANITE LOCK COMPANY, INC. 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