Retirement plan

GRAY & COMPANY, INC. PENSION PLAN (A PROFIT SHARING PLAN)

Name: GRAY & COMPANY, INC. - GRAY & COMPANY, INC. PENSION PLAN (A PROFIT SHARING PLAN) (2023) Form 5500
Creator: GRAY & COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAY & COMPANY, INC. PENSION PLAN (A PROFIT SHARING PLAN), GRAY & COMPANY, INC.

GRAY & COMPANY, INC.EIN 72-0451229Plan #001PY 2023

PO BOX 6202 - METAIRIE, LA 700096202504-457-3827

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$44.2M

+10.8% from 2022

Total participants

190

-7.8% from 2022

Average account balance

No prior year

Annual return

15.93%

+29.39 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.38M

Not enough data

1 years with asset history on file

Average account balance

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

$248K

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.

191

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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

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 codes2J3F

Plan features

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

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,294-100.0%

$170,057-100.0%

$71,529-100.0%

Participation rate

0.0%

86.2%-86.2pp

87.0%-87.0pp

67.9%-67.9pp

Annual return

15.93%

20.36%-4.4pp

53.42%-37.5pp

28.97%-13.0pp

Employer contribution / active EE

$7,362

$4,385+67.9%

$6,790+8.4%

$2,590+184.3%

Participant deferral / active EE

$5,097

$6,928-26.4%

$10,411-51.0%

$4,291+18.8%

Admin fee / account holder

$966-100.0%

$12,826-100.0%

$1,588-100.0%

GRAY & COMPANY, INC. PENSION PLAN (A PROFIT SHARING PLAN)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GRAY & COMPANY, INC. PENSION PLAN (A PROFIT SHARING PLAN)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion