Retirement plan

GENPRO INC. 401(K) PROFIT SHARING PLAN

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

GENPRO, INC.EIN 22-2959620Plan #001PY 2024

201 ROUTE 17 NORTH, SUITE 400 - RUTHERFORD, NJ 07070201-729-9400genproinc.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$8.1M

+8.3% from 2023

Total participants

106

-11.7% from 2023

Average account balance

$80,427

+22.3% from 2023

Annual return

11.42%

-3.71 pp from 2023

Benchmarks

See 8,993 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.12M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

101

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$468K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$706

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

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA ADVISOR NETWORKS Service code 26 2301 ROSECRANS AVE · EL SEGUNDO, CA 90245	Advisory (Participants)	$27,525
THE VANGUARD GROUP, INC.4 years Filed as: THE VANGUARD GROUP Service code 64 · EIN 23-1945930	Recordkeeping Fees	$14,145
INTAC ACTUARIAL SERVICES4 years Service code 11 300 TICE BLVD, SUITE 289 · WOODCLIFF LAKE, NJ 07677	Actuarial	$12,673
PRICEKUBECKA PLLC2 years Service code 10 · EIN 75-2783674	Accounting	$11,250
ASCENSUS LLC2 years Filed as: FUTUREPLAN(ASCENSUS) Service code 11 415 8TH AVE NE, · BRAINER, MN 56401	Actuarial	$8,143
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 64	Recordkeeping Fees	$2
ASCENSUS LLC3 years Service code 64 · EIN 11-3665754	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$71K

$1004 / participant

Investment mgmt$71K100.0%

% of EOY assets

0.877%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,427

$101,795-21.0%

$165,100-51.3%

$80,959-0.7%

Participation rate

93.0%

71.8%+21.1pp

78.6%+14.3pp

67.7%+25.3pp

Annual return

11.42%

16.73%-5.3pp

70.21%-58.8pp

35.67%-24.3pp

Employer contribution / active EE

$704

$2,954-76.2%

$4,348-83.8%

$2,757-74.5%

Participant deferral / active EE

$5,891

$4,476+31.6%

$6,035-2.4%

$4,300+37.0%

Admin fee / account holder

$706

$8,221-91.4%

$12,696-94.4%

$6,925-89.8%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA ADVISOR NETWORKS

Service code 26

2301 ROSECRANS AVE · EL SEGUNDO, CA 90245

Advisory (Participants)

$27,525

THE VANGUARD GROUP, INC.4 years

Filed as: THE VANGUARD GROUP

Service code 64 · EIN 23-1945930

Recordkeeping Fees

$14,145

INTAC ACTUARIAL SERVICES4 years

Service code 11

300 TICE BLVD, SUITE 289 · WOODCLIFF LAKE, NJ 07677

Actuarial

$12,673

PRICEKUBECKA PLLC2 years

Service code 10 · EIN 75-2783674

Accounting

$11,250

ASCENSUS LLC2 years

Filed as: FUTUREPLAN(ASCENSUS)

Service code 11

415 8TH AVE NE, · BRAINER, MN 56401

Actuarial

$8,143

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 64

Recordkeeping Fees

ASCENSUS LLC3 years

Service code 64 · EIN 11-3665754

Recordkeeping Fees

GENPRO INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENPRO INC. 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