Retirement plan

GPK PRODUCTS, INC. CASH OR DEFERRED PROFIT SHARING TRUST

Name: GPK PRODUCTS, INC. - GPK PRODUCTS, INC. CASH OR DEFERRED PROFIT SHARING TRUST (2024) Form 5500
Creator: GPK PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GPK PRODUCTS, INC. CASH OR DEFERRED PROFIT SHARING TRUST, GPK PRODUCTS, INC.

GPK PRODUCTS, INC.EIN 45-0315158Plan #001PY 2024

1601 43RD STREET NORTHWEST - FARGO, ND 58102701-277-3225LinkedIn51-200 employeesretail

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.8M

+16.8% from 2023

Total participants

157

-4.8% from 2023

Average account balance

$105,322

+22.3% from 2023

Annual return

15.71%

-5.52 pp from 2023

Benchmarks

See 1,855 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,855 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.80M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

150

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
BELL BANK8 years Service code 15 · EIN 45-0283315	Recordkeeping	-$38,223

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$38K

$276 / participant

Recordkeeping$5K14.1%
Contract admin$33K85.9%

% of EOY assets

0.243%

all-in expense ratio

Categories reported

2 / 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: WIDMER ROEL PC
Auditor EIN: 450334950
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,322

$78,485+34.2%

$106,213-0.8%

$74,495+41.4%

Participation rate

95.0%

72.8%+22.1pp

75.3%+19.7pp

67.2%+27.8pp

Annual return

15.71%

15.95%-0.2pp

116.14%-100.4pp

1364.94%-1349.2pp

Employer contribution / active EE

$3,060

$2,523+21.3%

$3,171-3.5%

$2,623+16.7%

Participant deferral / active EE

$5,468

$4,322+26.5%

$5,016+9.0%

$4,346+25.8%

Admin fee / account holder

$256

$2,232-88.5%

$11,033-97.7%

$1,942-86.8%

Provider

Service type

Compensation

BELL BANK8 years

Service code 15 · EIN 45-0283315

Recordkeeping

-$38,223

GPK PRODUCTS, INC. CASH OR DEFERRED PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GPK PRODUCTS, INC. CASH OR DEFERRED PROFIT SHARING TRUST

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