Retirement plan

GRANITE PEAK 401(K) PROFIT SHARING PLAN

Name: GRANITE PEAK DEVELOPMENT MANAGEMENT, INC. - GRANITE PEAK 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GRANITE PEAK DEVELOPMENT MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRANITE PEAK 401(K) PROFIT SHARING PLAN, GRANITE PEAK DEVELOPMENT MANAGEMENT, INC.

GRANITE PEAK DEVELOPMENT MANAGEMENT, INC.EIN 46-1558644Plan #001PY 2024

PO BOX 51568 - CASPER, WY 826050730307-472-2908granitepeakdev.comLinkedIn1-10 employeesreal estate

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$5.5M

+17.1% from 2023

Total participants

296

-17.8% from 2023

Average account balance

$37,443

+35.3% from 2023

Annual return

14.49%

-8.25 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$25,784
GREAT-WEST LIFE & ANNUITY INSURANCE6 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,184
AXIOS ADVISORY GROUP, LTD6 years Filed as: AXIOS ADVISORY GROUP LTD Service code 13 115 VIP DR STE 120 · WEXFORD, PA 15090	Contract Administrator	$9,073
GREAT-WEST LIFE & ANNUITY INSURANCE6 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,711
GRANITE GROUP ADVISORS, LLC1 year Filed as: GRANITE PEAK DEVELOPMENT MANAGEMENT Service code 99 1300 VENTURE WAY STE 200 · CASPER, WY 82609	Other Fees	$1,279

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2T

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$55K

$250 / participant

Salaries / allowances$55K100.0%

% of EOY assets

0.987%

all-in expense ratio

Categories reported

1 / 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: ATLAS CPAS & ADVISORS PLLC
Auditor EIN: 464296959
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,443

$101,317-63.0%

$146,958-74.5%

$74,495-49.7%

Participation rate

32.4%

75.5%-43.1pp

82.2%-49.7pp

67.2%-34.8pp

Annual return

14.49%

8730.91%-8716.4pp

418.34%-403.8pp

1364.94%-1350.5pp

Employer contribution / active EE

$1,541

$3,810-59.6%

$4,933-68.8%

$2,623-41.3%

Participant deferral / active EE

$2,368

$7,303-67.6%

$8,070-70.7%

$4,346-45.5%

Admin fee / account holder

$370

$1,739-78.7%

$12,998-97.2%

$1,942-81.0%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$25,784

GREAT-WEST LIFE & ANNUITY INSURANCE6 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,184

AXIOS ADVISORY GROUP, LTD6 years

Filed as: AXIOS ADVISORY GROUP LTD

Service code 13

115 VIP DR STE 120 · WEXFORD, PA 15090

Contract Administrator

$9,073

GREAT-WEST LIFE & ANNUITY INSURANCE6 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,711

GRANITE GROUP ADVISORS, LLC1 year

Filed as: GRANITE PEAK DEVELOPMENT MANAGEMENT

Service code 99

1300 VENTURE WAY STE 200 · CASPER, WY 82609

Other Fees

$1,279

GRANITE PEAK 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRANITE PEAK 401(K) PROFIT SHARING 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