Retirement plan

GILLETTE RESTAURANT EQUIPMENT, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: GILLETTE RESTAURANT EQUIPMENT, INC. - GILLETTE RESTAURANT EQUIPMENT, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: GILLETTE RESTAURANT EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GILLETTE RESTAURANT EQUIPMENT, INC. EMPLOYEE STOCK OWNERSHIP PLAN, GILLETTE RESTAURANT EQUIPMENT, INC.

GILLETTE RESTAURANT EQUIPMENT, INC.EIN 04-3495686Plan #001PY 2024

2230 NORTHAMPTON STREET - HOLYOKE, MA 01040508-867-4028gilletteequipment.comLinkedIn11-50 employeesrestaurants

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+706.0% from 2023

Total participants

+18.2% from 2023

Average account balance

$106,041

+582.0% from 2023

Annual return

644.35%

+708.23 pp from 2023

Benchmarks

See 23,882 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,882 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.38M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+644.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6695

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 codes2I2P2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$87K

$7912 / participant

Other / not subdivided$87K100.0%

% of EOY assets

6.313%

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

$106,041

$166,131-36.2%

$164,975-35.7%

$145,877-27.3%

Participation rate

100.0%

82.0%+18.0pp

78.6%+21.4pp

80.3%+19.7pp

Annual return

644.35%

100.37%+544.0pp

70.12%+574.2pp

551.28%+93.1pp

Employer contribution / active EE

$9,591

$5,276+81.8%

$4,343+120.9%

$4,663+105.7%

Participant deferral / active EE

$6,962-100.0%

$6,033-100.0%

$6,691-100.0%

Admin fee / account holder

$6,695

$16,648-59.8%

$12,688-47.2%

$13,402-50.0%

GILLETTE RESTAURANT EQUIPMENT, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GILLETTE RESTAURANT EQUIPMENT, INC. EMPLOYEE STOCK OWNERSHIP 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