Retirement plan

GRIDBEYOND, LLC 401(K) PLAN

Name: GRIDBEYOND, LLC - GRIDBEYOND, LLC 401(K) PLAN (2024) Form 5500
Creator: GRIDBEYOND, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRIDBEYOND, LLC 401(K) PLAN, GRIDBEYOND, LLC

GRIDBEYOND, LLCEIN 83-4339590Plan #001PY 2024

823 CONGRESS AVENUE, SUITE 300 - AUSTIN, TX 78701346-352-2138

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$717K

+113.3% from 2023

Total participants

+33.3% from 2023

Average account balance

$14,348

+57.9% from 2023

Annual return

17.57%

-16.78 pp from 2023

Benchmarks

See 676 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort676 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$717K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

147.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$415K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1872

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 codes2F2G2J2R2T3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$94K

$2753 / participant

Other / not subdivided$94K100.0%

% of EOY assets

13.049%

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

$14,348

$89,532-84.0%

$103,431-86.1%

$80,911-82.3%

Participation rate

94.1%

76.0%+18.1pp

80.5%+13.6pp

67.6%+26.5pp

Annual return

17.57%

22.80%-5.2pp

23.92%-6.3pp

35.63%-18.1pp

Employer contribution / active EE

$7,830

$4,023+94.6%

$4,678+67.4%

$2,756+184.1%

Participant deferral / active EE

$4,368

$5,459-20.0%

$6,625-34.1%

$4,297+1.6%

Admin fee / account holder

$1,872

$6,774-72.4%

$9,412-80.1%

$6,935-73.0%

GRIDBEYOND, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRIDBEYOND, LLC 401(K) 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