Retirement plan

GERRIT'S APPLIANCE, INC. EMPLOYEES PROFIT SHARING PLAN

Name: GERRITS APPLIANCE, INC. - GERRIT'S APPLIANCE, INC. EMPLOYEES PROFIT SHARING PLAN (2025) Form 5500
Creator: GERRITS APPLIANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GERRIT'S APPLIANCE, INC. EMPLOYEES PROFIT SHARING PLAN, GERRITS APPLIANCE, INC.

GERRITS APPLIANCE, INC.EIN 38-1989233Plan #001PY 2025

2410 28TH STREET SW - WYOMING, MI 49519616-532-3626

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.9M

+17.4% from 2024

Total participants

0.0% from 2024

Average account balance

$94,863

+9.8% from 2024

Annual return

9.18%

-14.60 pp from 2024

Benchmarks

See 6,714 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort6,714 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.88M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

117.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$429K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$670

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 codes2E2J2F2G3D2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$42K

$784 / participant

Other / not subdivided$42K100.0%

% of EOY assets

0.706%

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

$94,863

$73,787+28.6%

$98,716-3.9%

$82,448+15.1%

Participation rate

88.7%

61.4%+27.3pp

69.3%+19.4pp

68.1%+20.6pp

Annual return

9.18%

18.57%-9.4pp

31.81%-22.6pp

41.64%-32.5pp

Employer contribution / active EE

$5,980

$1,511+295.7%

$2,279+162.4%

$2,551+134.4%

Participant deferral / active EE

$2,110

$3,081-31.5%

$4,048-47.9%

$4,139-49.0%

Admin fee / account holder

$670

$6,500-89.7%

$8,703-92.3%

$7,234-90.7%

GERRIT'S APPLIANCE, INC. EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GERRIT'S APPLIANCE, INC. EMPLOYEES 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