Retirement plan

GRL ENGINEERS, INC. PROFIT SHARING PLAN AND TRUST

Name: GRL ENGINEERS, INC. - GRL ENGINEERS, INC. PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: GRL ENGINEERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRL ENGINEERS, INC. PROFIT SHARING PLAN AND TRUST, GRL ENGINEERS, INC.

GRL ENGINEERS, INC.EIN 34-1189774Plan #002PY 2023

30725 AURORA ROAD - CLEVELAND, OH 44139216-831-6131grlengineers.comLinkedIn11-50 employeescivil engineering

Other plans on this EIN

1 filing

#001Retirement-$4.1M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$22M

+19.8% from 2022

Total participants

+8.6% from 2022

Average account balance

$355,560

+12.1% from 2022

Annual return

15.42%

+31.17 pp from 2022

Benchmarks

See 14,453 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,453 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.80M

Not enough data

1 years with asset history on file

Average account balance

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

$379K

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.

109.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2126

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 codes2E2H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$455K

$8119 / participant

Other / not subdivided$455K100.0%

% of EOY assets

2.062%

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

$355,560

$80,983+339.1%

$96,544+268.3%

$75,177+373.0%

Participation rate

98.2%

71.8%+26.4pp

76.0%+22.2pp

67.2%+31.0pp

Annual return

15.42%

27.05%-11.6pp

25.88%-10.5pp

160.75%-145.3pp

Employer contribution / active EE

$10,444

$2,282+357.6%

$2,966+252.1%

$2,671+291.0%

Participant deferral / active EE

$11,188

$3,929+184.8%

$4,851+130.6%

$4,126+171.1%

Admin fee / account holder

$7,333

$6,717+9.2%

$8,254-11.2%

$5,651+29.8%

GRL ENGINEERS, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRL ENGINEERS, INC. 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