Retirement plan

G.F.I. ACOUSTICS, INC. 401(K) PROFIT SHARING PLAN

Name: G.F.I. ACOUSTICS, INC. - G.F.I. ACOUSTICS, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: G.F.I. ACOUSTICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, G.F.I. ACOUSTICS, INC. 401(K) PROFIT SHARING PLAN, G.F.I. ACOUSTICS, INC.

G.F.I. ACOUSTICS, INC.EIN 86-0989399Plan #001PY 2024

4641 E. GARY ST. - MESA, AZ 85205480-818-6840

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$39K

No prior year

Total participants

No prior year

Average account balance

$3,241

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 54,805 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,805 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2J2K2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$60

$4 / participant

Other / not subdivided$60100.0%

% of EOY assets

0.154%

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

$3,241

$110,379-97.1%

$102,412-96.8%

$145,884-97.8%

Participation rate

85.7%

77.9%+7.8pp

74.5%+11.2pp

80.3%+5.4pp

Annual return

0.00%

24.84%-24.8pp

24.94%-24.9pp

551.85%-551.8pp

Employer contribution / active EE

$830

$4,216-80.3%

$3,870-78.6%

$4,662-82.2%

Participant deferral / active EE

$1,922

$5,622-65.8%

$5,060-62.0%

$6,690-71.3%

Admin fee / account holder

$9,745-99.9%

$8,388-99.9%

$13,392-100.0%

G.F.I. ACOUSTICS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

G.F.I. ACOUSTICS, INC. 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