Retirement plan

GEISSLER'S SUPERMARKET, INC. 401(K) PLAN

Name: GEISSLERS SUPERMARKET INC. - GEISSLER'S SUPERMARKET, INC. 401(K) PLAN (2024) Form 5500
Creator: GEISSLERS SUPERMARKET INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEISSLER'S SUPERMARKET, INC. 401(K) PLAN, GEISSLERS SUPERMARKET INC.

GEISSLERS SUPERMARKET INC.EIN 06-0698871Plan #001PY 2024

110 BRIDGE STREET, P.O. BOX 887 - EAST WINDSOR, CT 06088860-623-0176

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$9.3M

+9.1% from 2023

Total participants

391

-3.0% from 2023

Average account balance

$53,528

+11.0% from 2023

Annual return

18.23%

-0.95 pp from 2023

Benchmarks

See 1,307 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.26M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

173

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.

33.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$298K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$905

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

+18.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$303

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$29,332
JANNEY MONTGOMERY SCOTT LLC7 years Service code 55	Other Commissions	$18,620
MARCUM LLP5 years Filed as: MARCUM, LLC Service code 10 · EIN 11-1986323 ONE SE THIRD AVE. 16TH FLOOR · MIAMI, FL 33131	Accounting	$11,750
PASI, LLC10+ years Service code 13 10 TALCOTT NOTCH ROAD · FARMINGTON, CT 06032	Contract Administrator	$9,712
JANNEY MONTGOMERY SCOTT LLC8 years Filed as: JANNEY MONTGOMERY SCOTT, LLC Service code 55 1717 ARCH ST · PHILADELPHIA, PA 19103	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$52K

$159 / participant

Recordkeeping$52K100.0%

% of EOY assets

0.566%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,528

$54,213-1.3%

$93,696-42.9%

$77,736-31.1%

Participation rate

33.7%

64.0%-30.2pp

68.7%-35.0pp

70.6%-36.8pp

Annual return

18.23%

30.55%-12.3pp

133.74%-115.5pp

31.26%-13.0pp

Employer contribution / active EE

$23

$1,168-98.0%

$2,422-99.1%

$2,728-99.2%

Participant deferral / active EE

$882

$3,145-72.0%

$4,417-80.0%

$4,651-81.0%

Admin fee / account holder

$303

$575-47.3%

$8,287-96.3%

$433-30.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$29,332

JANNEY MONTGOMERY SCOTT LLC7 years

Service code 55

Other Commissions

$18,620

MARCUM LLP5 years

Filed as: MARCUM, LLC

Service code 10 · EIN 11-1986323

ONE SE THIRD AVE. 16TH FLOOR · MIAMI, FL 33131

Accounting

$11,750

PASI, LLC10+ years

Service code 13

10 TALCOTT NOTCH ROAD · FARMINGTON, CT 06032

Contract Administrator

$9,712

JANNEY MONTGOMERY SCOTT LLC8 years

Filed as: JANNEY MONTGOMERY SCOTT, LLC

Service code 55

1717 ARCH ST · PHILADELPHIA, PA 19103

Other Commissions

GEISSLER'S SUPERMARKET, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEISSLER'S SUPERMARKET, INC. 401(K) 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