Retirement plan

GARDEN STATE LUMBER PRODUCTS CORP. 401(K) PROFIT SHARING PLAN

Name: GARDEN STATE LUMBER PRODUCTS CORP. - GARDEN STATE LUMBER PRODUCTS CORP. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GARDEN STATE LUMBER PRODUCTS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARDEN STATE LUMBER PRODUCTS CORP. 401(K) PROFIT SHARING PLAN, GARDEN STATE LUMBER PRODUCTS CORP.

GARDEN STATE LUMBER PRODUCTS CORP.EIN 22-1846048Plan #002PY 2024

18 MULLER ROAD - OAKLAND, NJ 07436201-651-1600gardenstatelumber.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13M

+22.7% from 2023

Total participants

+3.1% from 2023

Average account balance

$142,694

+17.3% from 2023

Annual return

16.15%

-2.53 pp from 2023

Benchmarks

See 5,401 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,401 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.06M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

105.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$973K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11079

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$317K

$3482 / participant

Other / not subdivided$317K100.0%

% of EOY assets

2.440%

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

$142,694

$87,059+63.9%

$105,608+35.1%

$80,925+76.3%

Participation rate

91.2%

70.4%+20.8pp

75.3%+15.9pp

67.7%+23.6pp

Annual return

16.15%

17.05%-0.9pp

116.50%-100.4pp

35.65%-19.5pp

Employer contribution / active EE

$3,221

$2,396+34.4%

$3,167+1.7%

$2,756+16.9%

Participant deferral / active EE

$7,165

$3,986+79.8%

$5,010+43.0%

$4,299+66.7%

Admin fee / account holder

$3,482

$8,443-58.8%

$11,028-68.4%

$6,940-49.8%

GARDEN STATE LUMBER PRODUCTS CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARDEN STATE LUMBER PRODUCTS CORP. 401(K) PROFIT SHARING 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