401(k) · DOL Form 5500 · 2023

Garrett Insurance Services, Inc. 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
5
Participants Small participant base
28th
Percentile by assets National rank
$318,239
Avg per participant High balance/head
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Official DOL plan name: Garrett Insurance Services Retirement Plan · Sponsored by Garrett Insurance Services, Inc. · North Carolina · Finance & Insurance

$2M in assets, 5 participants

Garrett Insurance Services, Inc.'s Garrett Insurance Services Retirement Plan reported $2M in total assets and 5 participants in its 2023 DOL Form 5500 filing, ranking in the 28th 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.

  • #1,659 in Finance & Insurance (8,869 peers)

Garrett Insurance Services, Inc. multi-year trail

Garrett Insurance Services, Inc.'s plans moved +70.7% in assets from 2022 to 2024; this filing shows Garrett Insurance Services Retirement Plan at $2M / 5 participants.

#1,659
in Finance & Insurance (8,869 peers)
+43.3%
assets growth YoY

Garrett Insurance Services Retirement Plan among the smaller filed plans by assets

Garrett Insurance Services Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,591,195 28th percentile higher than 28% of 127,068 filed plans

This plan $0 $2,050,000,000 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 2023

Garrett Insurance Services Retirement Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Garrett Insurance Services Retirement Plan is a micro filing (5 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Garrett Insurance Services Retirement Plan reported net income rose from $27K in the plan year 2022 filing to $481K in the plan year 2023 filing.
  • Garrett Insurance Services Retirement Plan end-of-year assets rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Garrett Insurance Services Retirement Plan reported participants rose from 4 in the plan year 2022 filing to 5 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 822266925 · Garrett Insurance Services, Inc. PY 2023 · 401(k)

Garrett Insurance Services Retirement Plan · $2M · 5 · 28th

  • BOY $2M
  • BOY 5
  • BOY 28th
  • BOY 401(k)
  • BOY near Nachmias Morris & Alt, LLC 401(k) Retirement Plan
  • BOY ind #1659

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in North Carolina →

Garrett Insurance Services Retirement Plan in the asset neighbourhood

Garrett Insurance Services Retirement PlanGarrett Insurance Services R…$2MNachmias Morris & Alt, LLC 401(k) Retirement PlanNachmias Morris & Alt, LLC 4…$2MNational Association for Gun Rights Retirement PlanNational Association for Gun…$2MConnell Country, Ltd$2MDonley Trucking Inc Retirement PlanDonley Trucking Inc Retireme…$2M
End-of-year total assets ($M) among Garrett Insurance Services Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Garrett Insurance Services, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Garrett Insurance Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 70.71208897328675% vs 2022
2024 filing year
$1M$1.5M$2M 202220232024 $1.11M $1.9M ▲ +71.2%
Year Plans Participants Total Assets
2022 1 4 $1M
2023 1 5 $2M
2024 1 4 $2M

Garrett Insurance Services, Inc. filing trail (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$2M
Net Income$481K
Employer EIN822266925
Plan Effective Date2017-07-25
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Garrett Insurance Services Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Garrett Insurance Services Retirement Plan, Total assets ($B): 0.001591195 · Participants: 5Garrett Insurance Services Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Garrett Insurance Services Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

Garrett Insurance Services Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Nachmias Morris & Alt, LLC 401(k) Retirement Plan in NJ ($2M); by covered participants it is Unkar Systems, Inc. 401(k) Plan in CA (5 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Garrett Insurance Services Retirement Plan assets move in 2023?
Garrett Insurance Services Retirement Plan surged - up 43.3% during 2023, from $1M to $2M. Reported net income was $481K.
How have Garrett Insurance Services, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Garrett Insurance Services, Inc.'s sponsor-wide assets grew 70.7%, from $1M to $2M.
Which 401(k) plans are similar in size to Garrett Insurance Services Retirement Plan?
Among 401(k) plans in other states, the closest by assets is Nachmias Morris & Alt, LLC 401(k) Retirement Plan in NJ ($2M, 13 participants).
Which 401(k) plans cover a similar participant headcount to Garrett Insurance Services Retirement Plan?
Among 401(k) plans in other states, the closest by covered participants is Unkar Systems, Inc. 401(k) Plan in CA (5 participants, $4M in assets).