401(k) · DOL Form 5500 · 2022

Garr Tool Company, Inc. 401(k) Plan

Data updated 2026-08-11

$41M
Total assets
127
Participants
86th
Percentile by assets
$323,412
Avg per participant
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Official DOL plan name: Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan · Sponsored by Garr Tool Company, Inc. · Michigan · Manufacturing

$41M in assets, 127 participants

Garr Tool Company, Inc.'s Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan reported $41M in total assets and 127 participants in its 2022 DOL Form 5500 filing, ranking in the 86th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 86th percentile by assets (of 139,126 plans)
  • #16,470 in Manufacturing (20,602 peers)

Coverage in Michigan

Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan covers 127 participants in Michigan, about 20% of the average Michigan filer (state average ~638 per filing). Assets: $41M.

$41M
total plan assets (2022 EOY)
127
covered participants
86th
percentile by assets (of 139,126 plans)
$323,412
avg assets per participant

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan sits by total assets

Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$41,073,268 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
Michigan
Industry
Manufacturing

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan reports 127 participants - about 20% of that state average ($41M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$41M
Net Income-$12M
Employer EIN381658615
Plan Effective Date1966-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Garr Tool Company, Inc.)

$40M$45M$50M$55M 202220232024 $41.1M $49.7M ▲ +20.9%
Total plan assets by year, all Garr Tool Company, Inc. plans on file
Year Plans Participants Total Assets
2022 1 127 $41M
2023 1 127 $45M
2024 1 125 $50M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Garr Tool Co., Inc. …, Total assets ($B): 0.041073268 · Participants: 127Garr Tool Co., Inc. …General Motors Retir…, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retir…Ford Motor Co. Savin…, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savin…The Dow Chemical Com…, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Com…The General Motors P…, Total assets ($B): 7.545889119 · Participants: 40458The General Motors P…Ford Motor Co. Tax-E…, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-E…
Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Garr Tool Co., Inc. Ees' P/S Salary Redu… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan assets move in 2022? ▼
Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan declined sharply - down 22.6% during 2022, from $53M to $41M. Reported net income was -$12M.
How have Garr Tool Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Garr Tool Company, Inc.'s sponsor-wide assets grew 20.9%, from $41M to $50M.
Where does Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan rank by assets among Form 5500 filers? ▼
Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Triage, LLC Retirement Savings Plan in NE ($41M, N/A participants).

Next read for Garr Tool Co., Inc. Ees' P/S Salary Redu…

Filing takeaways

Ways to act on Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan's numbers.

  • By total assets, Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
  • Garr Tool Company, Inc.'s sponsor-wide assets have grown 20.9% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381658615.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.