Retirement plan

GRM LLC 401(K) PROFIT SHARING PLAN

Name: GRENADIER REALTY MANAGEMENT LLC - GRM LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GRENADIER REALTY MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRM LLC 401(K) PROFIT SHARING PLAN, GRENADIER REALTY MANAGEMENT LLC

GRENADIER REALTY MANAGEMENT LLCEIN 61-1699997Plan #001PY 2024

168 39TH STREET - BROOKLYN, NY 11232718-642-8700

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.9M

+1.6% from 2023

Total participants

228

+26.0% from 2023

Average account balance

$39,344

-19.0% from 2023

Annual return

11.10%

+1.56 pp from 2023

Benchmarks

See 1,092 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,092 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.93M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

227

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$593K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$210

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 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501	Recordkeeping	$4,412
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCOCIATES INC NY Service code 26	Advisory (Participants)	$1,675

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$48K

$411 / participant

Contract admin$48K100.0%

% of EOY assets

0.534%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,344

$73,459-46.4%

$178,528-78.0%

$74,429-47.1%

Participation rate

99.1%

66.5%+32.6pp

77.1%+22.0pp

67.2%+31.9pp

Annual return

11.10%

17.50%-6.4pp

27.11%-16.0pp

1368.38%-1357.3pp

Employer contribution / active EE

$2,223

$2,219+0.2%

$3,950-43.7%

$2,625-15.3%

Participant deferral / active EE

$2,889

$4,515-36.0%

$6,278-54.0%

$4,348-33.6%

Admin fee / account holder

$210

$1,812-88.4%

$10,419-98.0%

$1,944-89.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK NEW YORK

Service code 15 · EIN 13-3646501

Recordkeeping

$4,412

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCOCIATES INC NY

Service code 26

Advisory (Participants)

$1,675

GRM LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRM LLC 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