Granite Group Wholesalers, LLC 401(k) Review & Grade
Granite Group Wholesalers Profit Sharing Plan & Trust
Concord, NHWholesale Trade693 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,310Employer $ per active participant
$5,238Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$65.0MNet plan assets, end of year
$76,760Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 21th |
| Employee saving | 59th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Granite Group Wholesalers put in about $2,310 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.53% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,600,704 |
| Participant (employee) contributions | $3,630,204 |
| Other contributions (incl. rollovers in) | $2,495,956 |
| Administrative expenses paid from the plan | $337,740 |
| Investment advisory & management fees | $134,746 |
| Benefits paid out | $10,469,539 |
| Net assets, start / end of year | $61.5M / $65.0M |
| Active participants, start / end of year | 676 / 710 |
| Participants with account balances | 847 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $202,994 reported compensation |
| Global Retirement Partners LLC | $105,431 reported compensation |
| RPW Solutions LLC | $29,315 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250602071857NAL0017429040001, received 2025-06-02, EIN 02-0495286, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.