Retirement plan

GAR-BRO MANUFACTURING CO. & GARLINGHOUSE BROTHERS INC. PROFIT SHARING PLAN

Name: GAR-BRO MANUFACTURING CO. - GAR-BRO MANUFACTURING CO. & GARLINGHOUSE BROTHERS INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: GAR-BRO MANUFACTURING CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GAR-BRO MANUFACTURING CO. & GARLINGHOUSE BROTHERS INC. PROFIT SHARING PLAN, GAR-BRO MANUFACTURING CO.

GAR-BRO MANUFACTURING CO.EIN 95-2320529Plan #001PY 2024

104 BOLTON SULLIVAN DR - HEBER SPRINGS, AR 72543501-362-8171LinkedIn1-10 employeesmechanical or industrial engineering

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.4M

+7.6% from 2023

Total participants

-8.3% from 2023

Average account balance

$155,154

+17.3% from 2023

Annual return

11.58%

-2.33 pp from 2023

Benchmarks

See 23,845 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

115.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$259K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18475

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 codes2E2F2G2T3D3H

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.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$406K

$21392 / participant

Other / not subdivided$406K100.0%

% of EOY assets

11.908%

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

$155,154

$166,268-6.7%

$165,100-6.0%

$145,897+6.3%

Participation rate

100.0%

82.0%+18.0pp

78.6%+21.4pp

80.3%+19.7pp

Annual return

11.58%

100.52%-88.9pp

70.21%-58.6pp

552.29%-540.7pp

Employer contribution / active EE

$12,634

$5,284+139.1%

$4,348+190.6%

$4,663+171.0%

Participant deferral / active EE

$1,005

$6,964-85.6%

$6,035-83.3%

$6,689-85.0%

Admin fee / account holder

$18,475

$16,659+10.9%

$12,696+45.5%

$13,390+38.0%

GAR-BRO MANUFACTURING CO. & GARLINGHOUSE BROTHERS INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GAR-BRO MANUFACTURING CO. & GARLINGHOUSE BROTHERS INC. 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