Retirement plan

GARLAND TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: GARLAND TECHNOLOGY LLC - GARLAND TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: GARLAND TECHNOLOGY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARLAND TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN & TRUST, GARLAND TECHNOLOGY LLC

GARLAND TECHNOLOGY LLCEIN 45-2502319Plan #001PY 2024

PO BOX 711 - BUFFALO, NY 142050711716-242-8500garlandtechnology.comLinkedIn11-50 employeescomputer networking

Other plans on this EIN

1 filing

#002Retirement-$1.9M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+24.2% from 2023

Total participants

+11.1% from 2023

Average account balance

$68,329

+11.8% from 2023

Annual return

12.15%

+0.56 pp from 2023

Benchmarks

See 3,221 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,221 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.42M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

172.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$407K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2107

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 codes2E2F2G2J2T3D

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.

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$105K

$3633 / participant

Other / not subdivided$105K100.0%

% of EOY assets

3.084%

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

$68,329

$77,472-11.8%

$100,392-31.9%

$80,935-15.6%

Participation rate

100.0%

76.9%+23.1pp

81.5%+18.5pp

67.7%+32.3pp

Annual return

12.15%

37.26%-25.1pp

49.45%-37.3pp

35.66%-23.5pp

Employer contribution / active EE

$7,450

$2,800+166.0%

$3,941+89.0%

$2,757+170.2%

Participant deferral / active EE

$6,569

$6,818-3.7%

$8,090-18.8%

$4,299+52.8%

Admin fee / account holder

$2,107

$5,885-64.2%

$7,904-73.3%

$6,924-69.6%

GARLAND TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARLAND TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN & 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