Retirement plan

GREATLAND CORPORATION 401K PLAN

Name: GREATLAND CORPORATION - GREATLAND CORPORATION 401K PLAN (2016) Form 5500
Creator: GREATLAND CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATLAND CORPORATION 401K PLAN, GREATLAND CORPORATION

GREATLAND CORPORATIONEIN 38-2099803Plan #001PY 2016

2480 WALKER AVENUE NW - GRAND RAPIDS, MI 495441302616-791-0100greatland.comLinkedIn51-200 employeescomputer software

Other plans on this EIN

1 filing

#002Retirement-$41.8M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed September 24, 2021 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

P.O. Box 1157

Grand Rapids, MI 49501

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$27.8M

No prior year

Total participants

176

No prior year

Average account balance

$160,407

No prior year

Annual return

59.68%

No prior year

Benchmarks

See 438 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort438 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.22M

Not enough data

1 years with asset history on file

Average account balance

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

$595K

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.

165

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$463K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+39.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$555

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 2 by compensation

Provider	Service type	Compensation
CHESME CAPITAL MANAGEMENT1+ years Service code 26 · EIN 20-0061957	Advisory (Participants)	$17,795
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$2,464

Plan features & details

Pension benefit codes2E2F2G2J2T3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$20K

$153 / participant

Investment mgmt$18K87.9%
Contract admin$2K12.1%

% of EOY assets

0.073%

all-in expense ratio

Categories reported

2 / 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: HUNGERFORD NICHOLS
Auditor EIN: 382184825
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$160,407

$42,772+275.0%

$87,502+83.3%

$55,167+190.8%

Participation rate

97.7%

66.5%+31.2pp

73.8%+23.9pp

69.0%+28.7pp

Annual return

59.68%

21.20%+38.5pp

12.21%+47.5pp

169.23%-109.6pp

Employer contribution / active EE

$1,277-100.0%

$2,550-100.0%

$1,963-100.0%

Participant deferral / active EE

$3,294

$2,342+40.7%

$3,149+4.6%

$3,054+7.9%

Admin fee / account holder

$117

$461-74.6%

$4,221-97.2%

$504-76.8%

Provider

Service type

Compensation

CHESME CAPITAL MANAGEMENT1+ years

Service code 26 · EIN 20-0061957

Advisory (Participants)

$17,795

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$2,464

GREATLAND CORPORATION 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATLAND CORPORATION 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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