Retirement plan

GARICK, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: GARICK, LLC - GARICK, LLC 401(K) PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: GARICK, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARICK, LLC 401(K) PROFIT SHARING PLAN AND TRUST, GARICK, LLC

GARICK, LLCEIN 26-4094112Plan #001PY 2015

13600 BROADWAY AVENUE - CLEVELAND, OH 44125216-475-8788

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$981K

No prior year

Total participants

102

No prior year

Average account balance

$30,667

No prior year

Annual return

-1.48%

No prior year

Benchmarks

See 1,374 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort1,374 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.19M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

36.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$255K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2774

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

Top 3 by compensation

Provider	Service type	Compensation
MALONEY & NOVOTNY LLC1+ years Filed as: MALONEY AND NOVOTNY LLC Service code 10 · EIN 34-0677006	Accounting	$5,487
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$50
ALLSTATE FINANCIAL SERVICES LLC1+ years Service code 61 · EIN 47-0826838	Finders' fees / placement fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$60 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.564%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MALONEY & NOVOTNY LLC
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,667

$48,050-36.2%

$85,969-64.3%

$59,633-48.6%

Participation rate

24.7%

64.5%-39.7pp

76.5%-51.8pp

68.7%-43.9pp

Annual return

-1.48%

0.29%-1.8pp

9.32%-10.8pp

2041.45%-2042.9pp

Employer contribution / active EE

$208

$1,640-87.3%

$3,474-94.0%

$2,203-90.6%

Participant deferral / active EE

$566

$2,249-74.8%

$3,829-85.2%

$3,192-82.3%

Admin fee / account holder

$173

$3,206-94.6%

$6,053-97.1%

$4,297-96.0%

Provider

Service type

Compensation

MALONEY & NOVOTNY LLC1+ years

Filed as: MALONEY AND NOVOTNY LLC

Service code 10 · EIN 34-0677006

Accounting

$5,487

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$50

ALLSTATE FINANCIAL SERVICES LLC1+ years

Service code 61 · EIN 47-0826838

Finders' fees / placement fees

GARICK, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARICK, LLC 401(K) PROFIT SHARING PLAN AND TRUST

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