Retirement plan

GALUSHA AND SONS, LLC PROFIT SHARING 401(K) PLAN

Name: GALUSHA AND SONS, LLC - GALUSHA AND SONS, LLC PROFIT SHARING 401(K) PLAN (2023) Form 5500
Creator: GALUSHA AND SONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GALUSHA AND SONS, LLC PROFIT SHARING 401(K) PLAN, GALUSHA AND SONS, LLC

GALUSHA AND SONS, LLCEIN 14-1661276Plan #001PY 2023

P.O. BOX 4787 426 DIX AVENUE - QUEENSBURY, NY 12804518-761-0400LinkedIn51-200 employeespackage/freight delivery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.6M

+13.5% from 2022

Total participants

+6.9% from 2022

Average account balance

$124,393

+13.5% from 2022

Annual return

14.43%

+29.73 pp from 2022

Benchmarks

See 4,601 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,601 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.29M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

130.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$557K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10878

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 codes2E2F2G2J2T3D

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.
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.
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

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

$665K

$8212 / participant

Other / not subdivided$665K100.0%

% of EOY assets

6.291%

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

$124,393

$51,222+142.9%

$70,544+76.3%

$75,173+65.5%

Participation rate

90.1%

61.0%+29.2pp

68.4%+21.8pp

67.2%+22.9pp

Annual return

14.43%

30.06%-15.6pp

32.79%-18.4pp

160.72%-146.3pp

Employer contribution / active EE

$1,470

$1,827-19.5%

$2,976-50.6%

$2,671-45.0%

Participant deferral / active EE

$5,017

$2,850+76.0%

$4,568+9.8%

$4,126+21.6%

Admin fee / account holder

$7,825

$4,096+91.1%

$6,427+21.8%

$5,651+38.5%

GALUSHA AND SONS, LLC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GALUSHA AND SONS, LLC PROFIT SHARING 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