Retirement plan

GROZ-BECKERT USA, INC. 401K PROFIT SHARING PLAN

Name: GROZ-BECKERT USA, INC. - GROZ-BECKERT USA, INC. 401K PROFIT SHARING PLAN (2021) Form 5500
Creator: GROZ-BECKERT USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GROZ-BECKERT USA, INC. 401K PROFIT SHARING PLAN, GROZ-BECKERT USA, INC.

GROZ-BECKERT USA, INC.EIN 57-0778936Plan #003PY 2021

P.O. BOX 7131 - CHARLOTTE, NC 282417131800-622-4428

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$17.3M

+11.8% from 2020

Total participants

123

+7.0% from 2020

Average account balance

$146,377

+2.3% from 2020

Annual return

12.20%

-4.02 pp from 2020

Benchmarks

See 9,036 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,036 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.99M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

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

+29.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$318

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

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

Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1 year Service code 55	Other Commissions	$3,049
AMERICAN CENTURY5 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
ARTISAN PARTNERS5 years Filed as: ARTISAN Service code 52 · EIN 39-1811840	Indirect Investment Fees	$0
COLUMBIA5 years Service code 52 · EIN 36-2692100	Indirect Investment Fees	$0
GOLDMAN SACHS5 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
HUNTER BENEFITS CONSULTING GROUP1 year Filed as: HUNTER BENEFITS Service code 13	Contract Administrator	$0
JANUS HENDERSON5 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$21 / participant

Contract admin$2K100.0%

% of EOY assets

0.012%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GREERWALKER LLP
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$146,377

$99,994+46.4%

$146,643-0.2%

$85,847+70.5%

Participation rate

94.8%

73.1%+21.8pp

80.1%+14.8pp

69.3%+25.5pp

Annual return

12.20%

18.93%-6.7pp

22.75%-10.6pp

318.61%-306.4pp

Employer contribution / active EE

$3,176

$2,559+24.1%

$4,137-23.2%

$2,565+23.8%

Participant deferral / active EE

$4,047

$4,006+1.0%

$5,506-26.5%

$3,952+2.4%

Admin fee / account holder

$17

$7,703-99.8%

$10,280-99.8%

$6,261-99.7%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Service code 55

Other Commissions

$3,049

AMERICAN CENTURY5 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

ARTISAN PARTNERS5 years

Filed as: ARTISAN

Service code 52 · EIN 39-1811840

Indirect Investment Fees

COLUMBIA5 years

Service code 52 · EIN 36-2692100

Indirect Investment Fees

GOLDMAN SACHS5 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

HUNTER BENEFITS CONSULTING GROUP1 year

Filed as: HUNTER BENEFITS

Service code 13

Contract Administrator

JANUS HENDERSON5 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

GROZ-BECKERT USA, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROZ-BECKERT USA, INC. 401K 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