Retirement plan

GRANITE WORKS, LLC 401(K) PLAN

Name: GRANITE WORKS, LLC 401(K) PLAN - GRANITE WORKS, LLC 401(K) PLAN (2019) Form 5500
Creator: GRANITE WORKS, LLC 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRANITE WORKS, LLC 401(K) PLAN, GRANITE WORKS, LLC 401(K) PLAN

GRANITE WORKS, LLC 401(K) PLANEIN 42-1620296Plan #001PY 2019

133 WILLIAM DONNELLY INDUSTRIAL, PARKWAY - WAVERLY, NY 14892607-565-7012

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$177K

+67.2% from 2018

Total participants

-8.7% from 2018

Average account balance

$4,914

+90.5% from 2018

Annual return

18.87%

+18.87 pp from 2018

Benchmarks

See 9,368 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,368 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$708K

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

164.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

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

+12.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1133

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$35K

$1287 / participant

Other / not subdivided$35K100.0%

% of EOY assets

19.645%

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

$4,914

$58,512-91.6%

$84,020-94.2%

$72,983-93.3%

Participation rate

77.8%

61.2%+16.6pp

69.0%+8.8pp

69.5%+8.3pp

Annual return

18.87%

28.93%-10.1pp

71.31%-52.4pp

81.01%-62.1pp

Employer contribution / active EE

$1,311

$1,163+12.8%

$1,984-33.9%

$2,440-46.3%

Participant deferral / active EE

$1,792

$2,394-25.1%

$3,239-44.7%

$3,608-50.3%

Admin fee / account holder

$965

$4,569-78.9%

$6,101-84.2%

$5,124-81.2%

GRANITE WORKS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRANITE WORKS, LLC 401(K) 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