Department of Labor filing

GRANITE GROUP WHOLESALERS, LLC

GRANITE GROUP WHOLESALERS PROFIT SHARING PLAN & TRUST · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Jun 2, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

41filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$2,255

Reported employer contributions per active participant.

Higher than about 58% of comparable plans

#People in the filing

710

Active participants reported for 2024.

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

¢Visible plan-paid fees

$416 / participant

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

Lower cost than about 1% of comparable plans

↗Investment performance

Not available

Plan assets changed 5.8%, 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 · 202441out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions58th percentileTypical peer $1,958 · based on 346 comparable plans

Lower reported administrative expense1st percentileTypical peer $114 · based on 343 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, GRANITE GROUP WHOLESALERS, LLC reported $1,600,704 in employer contributions across the plan and 710 active participants. That works out to $2,255 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 proxy82%

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 trendDown 17.9%

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

Expense trendUp 141.4%

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

Peer context41/100

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: $1,600,704
Participant contributions: $3,630,204
Other contributions: $2,495,956
Employer share of reported contributions: 30.6%
Beginning assets: $61,477,514
Ending assets: $65,016,131
Ending net assets: $65,016,131
Ending liabilities: Not reported
Total income: $14,351,109
Total expenses: $10,812,492
Administrative expenses: $337,740
Participant loans: $1,017,768

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

$2,746

2023

$2,418

2024

$2,255

Plan-paid administrative expenses per participant

2022

$172

2023

$329

2024

$416

Active participants

2022

695

2023

676

2024

710

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,255	710	65M	20250602071857NAL0017429040001
2023	$2,418	676	61.5M	20240830073252NAL0008227075001
2022	$2,746	695	52.5M	20230927080041NAL0010023009001

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: 1.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 020495286-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Oct 7, 1983
Industry: Wholesale trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K3D2T

Current plan terms

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Filing ACK_ID20250602071857NAL0017429040001

Data sourceDOL Form 5500 bulk data ↗

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