Retirement plan

THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC.

Name: GRAYBAR ELECTRIC COMPANY, INC. - THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC. (2024) Form 5500
Creator: GRAYBAR ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC., GRAYBAR ELECTRIC COMPANY, INC.

GRAYBAR ELECTRIC COMPANY, INC.EIN 13-0794380Plan #001PY 2024

34 N. MERAMEC AVE - ST. LOUIS, MO 63105314-573-9200LinkedIn11-50 employees

Other plans on this EIN

1 filing

#002Retirement-$525.4M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 18, 1992 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$1951.5M

+11.8% from 2023

Total participants

11,961

+3.0% from 2023

Average account balance

$167,701

+9.1% from 2023

Annual return

14.51%

-3.95 pp from 2023

Benchmarks

See 43 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort43 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.95B

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

11,637

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$113.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.10+ years Service code 15 · EIN 23-1945930	Recordkeeping	$640,621
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$234,873
REGIONS BANK5 years Service code 27 · EIN 63-0371391	Advisory (Plan)	$150,000
WILLIS TOWERS WATSON US LLC3 years Service code 16 · EIN 53-0181291	Consulting	$63,000
ARMANINO LLP4 years Service code 10 · EIN 33-2514127	Accounting	$14,070
ADVERTISERS PRINTING2 years Filed as: ADVERTISERS PRINTING COMPANY Service code 38 · EIN 43-0153380	Participant Communication	$6,955
ARMSTRONG TEASDALE6 years Service code 29 · EIN 43-1274026	Legal	$5,605

Plan features & details

Pension benefit codes2E2F2G2J2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

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

$1.1M

$126 / participant

Recordkeeping$553K50.7%
Trustee / custodial$35K3.2%
Investment mgmt$385K35.2%
Legal$13K1.2%
Other trustee fees$18K1.6%
Other / not subdivided$88K8.0%

% of EOY assets

0.056%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ARMANINO LLP
Auditor EIN: 332514127
Audit fees: $17,850
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,701

$93,462+79.4%

$164,813+1.8%

$99,062+69.3%

Participation rate

96.3%

79.9%+16.4pp

78.6%+17.7pp

71.6%+24.7pp

Annual return

14.51%

15.71%-1.2pp

69.93%-55.4pp

17.66%-3.2pp

Employer contribution / active EE

$8,433

$3,099+172.1%

$4,341+94.3%

$3,262+158.5%

Participant deferral / active EE

$4,591

$5,366-14.4%

$6,031-23.9%

$5,331-13.9%

Admin fee / account holder

$94

$81+15.4%

$12,690-99.3%

$109-13.9%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.10+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$640,621

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$234,873

REGIONS BANK5 years

Service code 27 · EIN 63-0371391

Advisory (Plan)

$150,000

WILLIS TOWERS WATSON US LLC3 years

Service code 16 · EIN 53-0181291

Consulting

$63,000

ARMANINO LLP4 years

Service code 10 · EIN 33-2514127

Accounting

$14,070

ADVERTISERS PRINTING2 years

Filed as: ADVERTISERS PRINTING COMPANY

Service code 38 · EIN 43-0153380

Participant Communication

$6,955

ARMSTRONG TEASDALE6 years

Service code 29 · EIN 43-1274026

Legal

$5,605

THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC.

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PROFIT SHARING AND SAVINGS PLAN OF GRAYBAR ELECTRIC COMPANY, INC.

Top hat statement on fileNQDC

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