Retirement plan

GERRIT'S APPLIANCE, INC. EMPLOYEE'S PROFIT SHARING PLAN

Name: GERRITS APPLIANCE, INC. - GERRIT'S APPLIANCE, INC. EMPLOYEE'S PROFIT SHARING PLAN (2017) Form 5500
Creator: GERRITS APPLIANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GERRIT'S APPLIANCE, INC. EMPLOYEE'S PROFIT SHARING PLAN, GERRITS APPLIANCE, INC.

GERRITS APPLIANCE, INC.EIN 38-1989233Plan #001PY 2017

2410 28TH STREET - WYOMING, MI 49509616-532-3626

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$2.6M

+14.6% from 2016

Total participants

+19.0% from 2016

Average account balance

$52,254

-3.7% from 2016

Annual return

6.96%

-0.38 pp from 2016

Benchmarks

See 9,369 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,369 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.01M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$504K

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

+23.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1597

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$135 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.202%

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

$52,254

$54,541-4.2%

$78,778-33.7%

$70,124-25.5%

Participation rate

100.0%

60.8%+39.2pp

69.2%+30.8pp

69.5%+30.5pp

Annual return

6.96%

21.07%-14.1pp

35.62%-28.7pp

73.14%-66.2pp

Employer contribution / active EE

$3,531

$1,089+224.3%

$1,986+77.8%

$2,342+50.7%

Participant deferral / active EE

$1,011

$2,210-54.3%

$2,958-65.8%

$3,332-69.7%

Admin fee / account holder

$106

$3,709-97.2%

$5,134-97.9%

$4,645-97.7%

GERRIT'S APPLIANCE, INC. EMPLOYEE'S PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GERRIT'S APPLIANCE, INC. EMPLOYEE'S 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