Retirement plan

GROESBECK LUMBER & SUPPLY, INC. EMPLOYEE 401(K) RETIREMENT SAVINGS PLAN

Name: GROESBECK LUMBER & SUPPLY, INC. - GROESBECK LUMBER & SUPPLY, INC. EMPLOYEE 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: GROESBECK LUMBER & SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GROESBECK LUMBER & SUPPLY, INC. EMPLOYEE 401(K) RETIREMENT SAVINGS PLAN, GROESBECK LUMBER & SUPPLY, INC.

GROESBECK LUMBER & SUPPLY, INC.EIN 38-2295262Plan #001PY 2022

23155 GROESBECK HIGHWAY - WARREN, MI 480894249586-776-5410LinkedIn11-50 employeesbuilding materials

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$445K

+5.8% from 2021

Total participants

-13.3% from 2021

Average account balance

$34,214

+22.1% from 2021

Annual return

4.77%

-1.36 pp from 2021

Benchmarks

See 21,402 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort21,402 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$302K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$533

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

+13.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6603

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 codes2J

Plan features

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$20K

$2451 / participant

Other / not subdivided$20K100.0%

% of EOY assets

4.408%

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

$34,214

$95,917-64.3%

$79,583-57.0%

$134,545-74.6%

Participation rate

100.0%

75.0%+25.0pp

69.5%+30.5pp

81.2%+18.8pp

Annual return

4.77%

-2.70%+7.5pp

0.16%+4.6pp

418.37%-413.6pp

Employer contribution / active EE

$3,129-100.0%

$2,414-100.0%

$4,742-100.0%

Participant deferral / active EE

$2,995

$4,694-36.2%

$3,986-24.9%

$6,401-53.2%

Admin fee / account holder

$1,508

$9,132-83.5%

$6,835-77.9%

$11,431-86.8%

GROESBECK LUMBER & SUPPLY, INC. EMPLOYEE 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROESBECK LUMBER & SUPPLY, INC. EMPLOYEE 401(K) RETIREMENT SAVINGS 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