Retirement plan

GT INDEPENDENCE 401(K) PLAN

Name: GUARDIANTRAC, LLC DBA GT INDEPENDENCE - GT INDEPENDENCE 401(K) PLAN (2024) Form 5500
Creator: GUARDIANTRAC, LLC DBA GT INDEPENDENCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GT INDEPENDENCE 401(K) PLAN, GUARDIANTRAC, LLC DBA GT INDEPENDENCE

GUARDIANTRAC, LLC DBA GT INDEPENDENCEEIN 32-0112072Plan #001PY 2024

215 BROADUS ST. - STURGIS, MI 49091269-651-4500

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.3M

+31.4% from 2023

Total participants

392

-9.0% from 2023

Average account balance

No prior year

Annual return

19.86%

-1.73 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.34M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+19.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 4 by compensation

Provider	Service type	Compensation
SOUTHERN MICHIGAN BANK & TRUST6 years Service code 27 · EIN 38-1053740 51 W PEARL ST · COLDWATER, MI 49036	Advisory (Plan)	$17,810
EPIC RETIREMENT PLAN SERVICES10+ years Filed as: KDP RETIREMENT PLAN SERVICES, INC Service code 13 · EIN 38-3478073 3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512	Contract Administrator	$5,850
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 · EIN 84-0467007 8515 EAST ORCHARD RD · GREENWOOD, CO 80111	Recordkeeping Fees	$4,529
EPIC RETIREMENT PLAN SERVICES3 years Filed as: KDP RETIREMENT PLAN SERVICES INC Service code 13	Contract Administrator	$3,349

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$5 / participant

Contract admin$2K100.0%

% of EOY assets

0.022%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,860-100.0%

$155,574-100.0%

$77,714-100.0%

Participation rate

0.0%

63.1%-63.1pp

78.2%-78.2pp

70.6%-70.6pp

Annual return

19.86%

34.86%-15.0pp

64.87%-45.0pp

31.26%-11.4pp

Employer contribution / active EE

$1,735

$1,991-12.9%

$4,676-62.9%

$2,727-36.4%

Participant deferral / active EE

$2,781

$2,825-1.5%

$5,629-50.6%

$4,649-40.2%

Admin fee / account holder

$436-100.0%

$15,914-100.0%

$433-100.0%

Provider

Service type

Compensation

SOUTHERN MICHIGAN BANK & TRUST6 years

Service code 27 · EIN 38-1053740

51 W PEARL ST · COLDWATER, MI 49036

Advisory (Plan)

$17,810

EPIC RETIREMENT PLAN SERVICES10+ years

Filed as: KDP RETIREMENT PLAN SERVICES, INC

Service code 13 · EIN 38-3478073

3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512

Contract Administrator

$5,850

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64 · EIN 84-0467007

8515 EAST ORCHARD RD · GREENWOOD, CO 80111

Recordkeeping Fees

$4,529

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: KDP RETIREMENT PLAN SERVICES INC

Service code 13

Contract Administrator

$3,349

GT INDEPENDENCE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GT INDEPENDENCE 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