Retirement plan

GRANITE WORKS INC. 401-K RETIREMENT PLAN

Name: GRANITE WORKS INC. - GRANITE WORKS INC. 401-K RETIREMENT PLAN (2023) Form 5500
Creator: GRANITE WORKS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRANITE WORKS INC. 401-K RETIREMENT PLAN, GRANITE WORKS INC.

GRANITE WORKS INC.EIN 11-3093149Plan #002PY 2023

415 BROOK AVENUE - DEER PARK, NY 11729631-586-5111graniteworksny.comLinkedIn1-10 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$2.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$685K

+21.5% from 2022

Total participants

0.0% from 2022

Average account balance

$137,025

+21.5% from 2022

Annual return

13.04%

+30.70 pp from 2022

Benchmarks

See 51,545 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,545 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$735K

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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

$24K

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

+3.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$137,025

$106,280+28.9%

$96,538+41.9%

$139,487-1.8%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

13.04%

38.48%-25.4pp

35.74%-22.7pp

373.84%-360.8pp

Employer contribution / active EE

$4,611

$4,107+12.3%

$3,740+23.3%

$4,755-3.0%

Participant deferral / active EE

$4,961

$5,457-9.1%

$4,880+1.7%

$6,713-26.1%

Admin fee / account holder

$7,888-100.0%

$6,737-100.0%

$11,407-100.0%

GRANITE WORKS INC. 401-K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GRANITE WORKS INC. 401-K RETIREMENT PLAN

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