Department of Labor filing

GARAFALO MARKETS, LLC

GARAFALO MARKETS, LLC 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 12, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

64filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$1,716

Reported employer contributions per active participant.

Higher than about 85% of comparable plans

#People in the filing

221

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$241 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 15% of comparable plans

↗Investment performance

Not available

Plan assets changed 9.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202464out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions85th percentileTypical peer $672 · based on 194 comparable plans

Lower reported administrative expense15th percentileTypical peer $108 · based on 206 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, GARAFALO MARKETS, LLC reported $379,250 in employer contributions across the plan and 221 active participants. That works out to $1,716 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy81%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 250.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 189.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context64/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $379,250
Participant contributions: $831,332
Other contributions: $57,629
Employer share of reported contributions: 31.3%
Beginning assets: $16,380,607
Ending assets: $17,969,723
Ending net assets: $17,969,723
Ending liabilities: $0
Total income: $3,338,978
Total expenses: $1,749,862
Administrative expenses: $65,960
Participant loans: $273,295

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$490

2023

$1,824

2024

$1,716

Plan-paid administrative expenses per participant

2022

$83

2023

$64

2024

$241

Active participants

2022

888

2023

217

2024

221

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,716	221	18M	20250912102559NAL0001219185001
2023	$1,824	217	16.4M	20240701102128NAL0005332928001
2022	$490	888	14.4M	20230711102054NAL0041916866001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.5%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 464483467-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Oct 4, 1998
Industry: Retail trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
STANCORP FINANCIAL GROUP	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250912102559NAL0001219185001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗