Retirement plan

GREATLAND CORPORATION 401K PLAN

Name: GREATLAND CORPORATION - GREATLAND CORPORATION 401K PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#002Retirement-$47.8M assets

Prospect flagsHigh assets / participant

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)

$46.5M

+24.0% from 2017

Total participants

164

-0.6% from 2017

Average account balance

$296,380

+27.2% from 2017

Annual return

30.85%

-9.37 pp from 2017

Benchmarks

See 448 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort448 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$111.86M

Not enough data

1 years with asset history on file

Average account balance

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

$691K

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.

162

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$415K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+24.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$612

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
CHESME CAPITAL MANAGEMENT3+ years Service code 26 · EIN 20-0061957	Advisory (Participants)	$37,467
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$3,757

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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$41K

$325 / participant

Investment mgmt$37K90.9%
Contract admin$4K9.1%

% of EOY assets

0.089%

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

$296,380

$45,825+546.8%

$90,657+226.9%

$56,287+426.6%

Participation rate

94.5%

66.7%+27.8pp

74.0%+20.5pp

69.9%+24.6pp

Annual return

30.85%

38.64%-7.8pp

1.89%+29.0pp

-9.96%+40.8pp

Employer contribution / active EE

$1,372-100.0%

$2,532-100.0%

$2,111-100.0%

Participant deferral / active EE

$2,882

$2,562+12.5%

$3,424-15.9%

$3,350-14.0%

Admin fee / account holder

$263

$413-36.4%

$4,994-94.7%

$521-49.6%

Provider

Service type

Compensation

CHESME CAPITAL MANAGEMENT3+ years

Service code 26 · EIN 20-0061957

Advisory (Participants)

$37,467

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,757

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