401(k) · DOL Form 5500 · 2023

Granite Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
110
Participants Small participant base
65th
Percentile by assets National rank
$123,814
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Granite Federal Credit Union 401(k) Plan and Trust · Sponsored by Granite Federal Credit Union · Utah · Finance & Insurance

$14M in assets, 110 participants

Granite Federal Credit Union's Granite Federal Credit Union 401(k) Plan and Trust reported $14M in total assets and 110 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,463 in Finance & Insurance (8,869 peers)

Coverage in Utah

Granite Federal Credit Union 401(k) Plan and Trust covers 110 participants in Utah, about 19% of the average Utah filer (state average ~592 per filing). Assets: $14M.

#4,463
in Finance & Insurance (8,869 peers)
+16.1%
assets growth YoY

Granite Federal Credit Union 401(k) Plan and Trust's mid-pack asset rank among Finance & Insurance and all filers

Granite Federal Credit Union 401(k) Plan and Trust vs every filed plan by assets

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

$13,619,505 Top 35% higher than 65% 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

Granite Federal Credit Union 401(k) Plan and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Granite Federal Credit Union 401(k) Plan and Trust sits mid-pack in the medium band (110 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Granite Federal Credit Union 401(k) Plan and Trust reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Granite Federal Credit Union 401(k) Plan and Trust reported participants rose from 89 in the plan year 2022 filing to 110 in the plan year 2023 filing.
  • Granite Federal Credit Union 401(k) Plan and Trust end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 870232489 · Granite Federal Credit Union PY 2023 · 401(k)

Granite Federal Credit Union 401(k) Plan and Trust · $14M · 110 · 65th

  • EOY $14M
  • EOY 110
  • EOY 65th
  • EOY 401(k)
  • EOY near Welker, Inc. 401(k) Profit Sharing Plan & Trust
  • EOY ind #4463

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 Utah →

Granite Federal Credit Union 401(k) Plan and Trust in the asset neighbourhood

Granite Federal Credit Union 401(k) Plan and TrustGranite Federal Credit Union…$14MWelker, Inc. 401(k) Profit Sharing Plan & TrustWelker, Inc. 401(k) Profit S…$14MGiant Bicycle Inc 401(k) Plan$14MIndiana Physical Therapy, Inc. 401(k) Salary Reduction Plan & TrustIndiana Physical Therapy, In…$14MAspen Environmental Group 401(k) Salary Reduction Plan and TrustAspen Environmental Group 40…$14M
End-of-year total assets ($M) among Granite Federal Credit Union 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN870232489
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Granite Federal Credit Union)

Sponsor-wide plan assets over time

All Granite Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$15M 29.026934085497828% vs 2022
2024 filing year
$10M$12M$14M$16M 202220232024 $11.7M $15.1M ▲ +29.0%
Year Plans Participants Total Assets
2022 1 89 $12M
2023 1 110 $14M
2024 1 110 $15M

Nearby 401(k) Plans in Utah

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

Granite Federal Credit Union 401(k) Plan and Trust vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants Granite Federal Credit Union 401(k) Plan and Trust, Total assets ($B): 0.013619505 · Participants: 110Granite Federal Credit Union 401(k) Plan and TrustIntermountain Healthcare Savings Plus 401(k) Plan, Total assets ($B): 6.015479 · Participants: 46680Intermountain Healthcare Savings Plus 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 5.481729272 · Participants: 24292Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.662904822 · Participants: 10088Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.192769515 · Participants: 15411Skywest, Inc. Employees' Retirement PlanAutoliv Asp, Inc. Employee Savings and Investment Plan, Total assets ($B): 0.633594695 · Participants: 4537Autoliv Asp, Inc. Employee Savings and Investment Plan
Granite Federal Credit Union 401(k) Plan and Trust vs. nearby 401(k) plans in Utah, assets vs. participants
Compare Granite Federal Credit Union 401(k) Plan and Trust side-by-side with 3 peers →

Granite Federal Credit Union 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Welker, Inc. 401(k) Profit Sharing Plan & Trust in TX ($14M); by covered participants it is Cms Corporation 401(k) Plan in OH (110 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (110 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 Granite Federal Credit Union 401(k) Plan and Trust assets move in 2023? ▼
Granite Federal Credit Union 401(k) Plan and Trust grew sharply - up 16.1% during 2023, from $12M to $14M. Reported net income was $2M.
How have Granite Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Granite Federal Credit Union's sponsor-wide assets grew 29.0%, from $12M to $15M.
Which 401(k) plans are similar in size to Granite Federal Credit Union 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Welker, Inc. 401(k) Profit Sharing Plan & Trust in TX ($14M, 88 participants).
Which 401(k) plans cover a similar participant headcount to Granite Federal Credit Union 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Cms Corporation 401(k) Plan in OH (110 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 870232489.

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.