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Department of Labor filing

GARNEY HOLDING COMPANY

GARNEY HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Oct 13, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

100filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support
$17,229

Reported employer contributions per active participant.

Higher than about 100% of comparable plans
#People in the filing
2,390

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$18 / participant

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

Lower cost than about 100% of comparable plans
↗Investment performance
Not available

Plan assets changed 22.1%, 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 · 2024100out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions100th percentileTypical peer $2,054 · based on 31 comparable plans
Lower reported administrative expense100th percentileTypical peer $84 · based on 28 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, GARNEY HOLDING COMPANY reported $41,176,556 in employer contributions across the plan and 2,390 active participants. That works out to $17,229 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 proxy93%

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 10.0%

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

Expense trendDown 23.2%

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

Peer context100/100

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
$41,176,556
Participant contributions
$12,380,419
Other contributions
$1,195,381
Employer share of reported contributions
76.9%
Beginning assets
$1,366,639,766
Ending assets
$1,668,868,157
Ending net assets
$1,668,868,157
Ending liabilities
$0
Total income
$375,823,516
Total expenses
$73,595,125
Administrative expenses
$40,345
Participant loans
$5,544,715

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
$15,667
2023
$16,519
2024
$17,229
Plan-paid administrative expenses per participant
2022
$23
2023
$20
2024
$18
Active participants
2022
1,827
2023
2,107
2024
2,390
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2024$17,2292,3901.7B20251013143255NAL0002197072001
2023$16,5192,1071.4B20240813111440NAL0017856848001
2022$15,6671,8271.1B20231011084546NAL0018778307001

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
0.3%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
430990829-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Jan 1, 1986
Industry
Construction
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2I2J2K2O2Q2S3H3I

Current plan terms

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Filing ACK_ID20251013143255NAL0002197072001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗