Retirement plan

GARRETT ENTITIES SALARY DEFERRAL & PROFIT SHARING PLAN

Name: GARRETT AND COMPANY RESOURCES, LLC - GARRETT ENTITIES SALARY DEFERRAL & PROFIT SHARING PLAN (2024) Form 5500
Creator: GARRETT AND COMPANY RESOURCES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARRETT ENTITIES SALARY DEFERRAL & PROFIT SHARING PLAN, GARRETT AND COMPANY RESOURCES, LLC

GARRETT AND COMPANY RESOURCES, LLCEIN 73-1586013Plan #002PY 2024

9701 BROADWAY EXT - OKLAHOMA CITY, OK 731146316405-840-3371LinkedIn51-200 employeesoil & energy

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$19.4M

+14.2% from 2023

Total participants

+7.8% from 2023

Average account balance

$281,293

+5.9% from 2023

Annual return

11.49%

+5.87 pp from 2023

Benchmarks

See 843 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort843 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.28M

Not enough data

1 years with asset history on file

Average account balance

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

$281K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+8.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49654

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 codes2E2J3B3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$168

$4 / participant

Other / not subdivided$168100.0%

% of EOY assets

0.001%

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

$281,293

$93,055+202.3%

$153,643+83.1%

$80,935+247.6%

Participation rate

100.0%

69.0%+31.0pp

77.1%+22.9pp

67.7%+32.3pp

Annual return

11.49%

19.97%-8.5pp

15.71%-4.2pp

35.66%-24.2pp

Employer contribution / active EE

$3,649

$3,504+4.2%

$5,039-27.6%

$2,757+32.4%

Participant deferral / active EE

$7,402

$5,172+43.1%

$6,754+9.6%

$4,299+72.2%

Admin fee / account holder

$8,881-100.0%

$12,739-100.0%

$6,924-100.0%

GARRETT ENTITIES SALARY DEFERRAL & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARRETT ENTITIES SALARY DEFERRAL & 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