Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF GREAT RIVER HOMES

Name: GREAT RIVER HOMES - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF GREAT RIVER HOMES (2022) Form 5500
Creator: GREAT RIVER HOMES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF GREAT RIVER HOMES, GREAT RIVER HOMES

GREAT RIVER HOMESEIN 41-1266316Plan #002PY 2022

611 BROADWAY AVE - WABASHA, MN 559811988651-565-4884greatriverhomes.orgLinkedIn51-200 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$875K

+3.0% from 2021

Total participants

103

+71.7% from 2021

Average account balance

$10,807

-23.7% from 2021

Annual return

-15.94%

-26.81 pp from 2021

Benchmarks

See 82 peers

Peer group

IndustryUnknown

Plan typeDefined contribution

Participants25-99

Cohort82 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.55M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$196K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+21.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$661

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 codes2G3D2F2T

Plan features

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.
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.

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

$28K

$374 / participant

Other / not subdivided$28K100.0%

% of EOY assets

3.161%

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

$10,807

$21,389-49.5%

$68,486-84.2%

Participation rate

70.3%

40.8%+29.5pp

67.9%+2.4pp

Annual return

-15.94%

-15.84%-0.1pp

-7.85%-8.1pp

Employer contribution / active EE

$1,298

$1,123+15.6%

$2,597-50.0%

Participant deferral / active EE

$1,253

$1,547-19.0%

$4,028-68.9%

Admin fee / account holder

$342

$2,251-84.8%

$5,404-93.7%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF GREAT RIVER HOMES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF GREAT RIVER HOMES

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