Retirement plan

GENERAC POWER SYSTEMS, INC. EMPLOYEES 401(K) SAVINGS PLAN

Name: GENERAC POWER SYSTEMS, INC. - GENERAC POWER SYSTEMS, INC. EMPLOYEES 401(K) SAVINGS PLAN (2024) Form 5500
Creator: GENERAC POWER SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAC POWER SYSTEMS, INC. EMPLOYEES 401(K) SAVINGS PLAN, GENERAC POWER SYSTEMS, INC.

GENERAC POWER SYSTEMS, INC.EIN 39-0963276Plan #003PY 2024

S45 W29290 HWY 59 - WAUKESHA, WI 53189262-544-4811generacpowersystems.comLinkedIn1001-5000 employeesbuilding materials

Prospect flagsLow assets / participantLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed April 28, 1998 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$343.6M

+19.9% from 2023

Total participants

7,683

+4.9% from 2023

Average account balance

$51,351

+28.6% from 2023

Annual return

17.51%

-8.95 pp from 2023

Benchmarks

See 128 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort128 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$343.64M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

6,692

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$213,046
MARQUETTE ASSOCIATES1 year Filed as: MARQUETTE ASSOCIATES, INC Service code 27 · EIN 36-3485298	Advisory (Plan)	$182,624
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Direc...	$21,419
WIPFLI LLP1 year Filed as: WIPFLI Service code 10 · EIN 39-0758449	Accounting	$15,520
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$10,245
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$448K

$73 / participant

Recordkeeping$234K52.3%
Investment mgmt$14K3.1%
Contract admin$3000.1%
Other / not subdivided$199K44.5%

% of EOY assets

0.130%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: $16,920
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,351

$159,391-67.8%

$102,423-49.9%

$99,062-48.2%

Participation rate

84.0%

88.6%-4.6pp

76.5%+7.5pp

71.6%+12.3pp

Annual return

17.51%

19.03%-1.5pp

29.32%-11.8pp

17.66%-0.2pp

Employer contribution / active EE

$1,736

$4,207-58.7%

$3,023-42.6%

$3,262-46.8%

Participant deferral / active EE

$4,898

$7,498-34.7%

$5,053-3.1%

$5,331-8.1%

Admin fee / account holder

$67

$159-58.0%

$9,451-99.3%

$109-38.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$213,046

MARQUETTE ASSOCIATES1 year

Filed as: MARQUETTE ASSOCIATES, INC

Service code 27 · EIN 36-3485298

Advisory (Plan)

$182,624

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Direc...

$21,419

WIPFLI LLP1 year

Filed as: WIPFLI

Service code 10 · EIN 39-0758449

Accounting

$15,520

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$10,245

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

GENERAC POWER SYSTEMS, INC. EMPLOYEES 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAC POWER SYSTEMS, INC. EMPLOYEES 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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