Retirement plan

EMPLOYEE BENEFIT PLAN OF GRANT INT'L CO., INC.

Name: GRANT INT'L CO., INC. - EMPLOYEE BENEFIT PLAN OF GRANT INT'L CO., INC. (2024) Form 5500
Creator: GRANT INT'L CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF GRANT INT'L CO., INC., GRANT INT'L CO., INC.

GRANT INT'L CO., INC.EIN 11-2816565Plan #001PY 2024

3915 21ST ST - LONG ISLAND CITY, NY 111016121718-371-6010

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$6.5M

+16.5% from 2023

Total participants

123

+53.8% from 2023

Average account balance

$83,784

+21.0% from 2023

Annual return

11.23%

-3.60 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.45M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

71.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$494K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2646

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 codes2F2G2T

Plan features

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.
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.

Opportunity flags

3 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.)
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

$204K

$1886 / participant

Other / not subdivided$204K100.0%

% of EOY assets

3.158%

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

$83,784

$80,763+3.7%

$102,412-18.2%

$74,459+12.5%

Participation rate

57.4%

65.7%-8.3pp

74.5%-17.1pp

67.2%-9.8pp

Annual return

11.23%

27.57%-16.3pp

24.94%-13.7pp

1369.70%-1358.5pp

Employer contribution / active EE

$1,843

$3,160-41.7%

$3,870-52.4%

$2,626-29.8%

Participant deferral / active EE

$2,730

$3,862-29.3%

$5,060-46.0%

$4,350-37.2%

Admin fee / account holder

$2,646

$2,371+11.6%

$8,388-68.5%

$1,945+36.0%

EMPLOYEE BENEFIT PLAN OF GRANT INT'L CO., INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF GRANT INT'L CO., INC.

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