401(k) · DOL Form 5500 · 2023

Grove Bank & Trust 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
109
Participants Small participant base
55th
Percentile by assets National rank
$79,127
Avg per participant Below avg balance/head
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Official DOL plan name: Grove Bank & Trust 401(k) Profit Sharing Plan · Sponsored by Grove Bank & Trust · Florida · Finance & Insurance

$9M in assets, 109 participants

Grove Bank & Trust's Grove Bank & Trust 401(k) Profit Sharing Plan reported $9M in total assets and 109 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #3,565 in Finance & Insurance (8,869 peers)

Coverage in Florida

Grove Bank & Trust 401(k) Profit Sharing Plan covers 109 participants in Florida, about 17% of the average Florida filer (state average ~628 per filing). Assets: $9M.

#3,565
in Finance & Insurance (8,869 peers)
-2.6%
assets change YoY

The plan reported a net loss of $249K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Grove Bank & Trust 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Grove Bank & Trust 401(k) Profit Sharing Plan vs every filed plan by assets

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

$8,624,885 Top 45% higher than 55% 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

Grove Bank & Trust 401(k) Profit Sharing Plan 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. Grove Bank & Trust 401(k) Profit Sharing Plan sits mid-pack in the medium band (109 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Grove Bank & Trust 401(k) Profit Sharing Plan reported net income rose from -$930K in the plan year 2022 filing to -$249K in the plan year 2023 filing.
  • Grove Bank & Trust 401(k) Profit Sharing Plan reported participants rose from 104 in the plan year 2022 filing to 109 in the plan year 2023 filing.
  • Grove Bank & Trust 401(k) Profit Sharing Plan end-of-year assets fell from $9M in the plan year 2022 filing to $9M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 590199400 · Grove Bank & Trust PY 2023 · 401(k)

Grove Bank & Trust 401(k) Profit Sharing Plan · $9M · 109 · 55th

  • VS-ST $9M
  • BOY 109
  • SCH 55th
  • EBSA 401(k)
  • PART near Colonial Country Club 401(k) Retirement Plan
  • TYPE ind #3565

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 Florida →

Grove Bank & Trust 401(k) Profit Sharing Plan in the asset neighbourhood

Aeronet, Inc. 401(k) Plan$9MGrove Bank & Trust 401(k) Profit Sharing PlanGrove Bank & Trust 401(k) Pr…$9MColonial Country Club 401(k) Retirement PlanColonial Country Club 401(k)…$9MFirst Federal Savings Bank of Lincolnton 401(k) PlanFirst Federal Savings Bank o…$9MThree Wire Systems, LLC 401(k) PlanThree Wire Systems, LLC 401(…$9M
End-of-year total assets ($M) among Grove Bank & Trust 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$9M
Net Income-$249K
Employer EIN590199400
Plan Effective Date1987-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Grove Bank & Trust)

Sponsor-wide plan assets over time

All Grove Bank & Trust plans reported in each filing year

Latest sponsor-wide plan assets
$10M 8.367930059563788% vs 2022
2024 filing year
$8.5M$9M$9.5M$10M 202220232024 $8.86M $9.6M ▲ +8.4%
Year Plans Participants Total Assets
2022 1 104 $9M
2023 1 109 $9M
2024 1 102 $10M

Nearby 401(k) Plans in Florida

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

Grove Bank & Trust 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Grove Bank & Trust 401(k) Profit Sharing Plan, Total assets ($B): 0.008624885 · Participants: 109Grove Bank & Trust 401(k) Profit Sharing PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Grove Bank & Trust 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Grove Bank & Trust 401(k) Profit Sharing Plan side-by-side with 3 peers →

Grove Bank & Trust 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Colonial Country Club 401(k) Retirement Plan in TX ($9M); by covered participants it is Mcmanis & Monsalve Associates Profit Sharing Plan in MD (109 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (109 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 Grove Bank & Trust 401(k) Profit Sharing Plan assets move in 2023? ▼
Grove Bank & Trust 401(k) Profit Sharing Plan edged down modestly - down 2.6% during 2023, from $9M to $9M. Reported net income was -$249K.
How have Grove Bank & Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Grove Bank & Trust's sponsor-wide assets grew 8.4%, from $9M to $10M.
Which 401(k) plans are similar in size to Grove Bank & Trust 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Colonial Country Club 401(k) Retirement Plan in TX ($9M, 129 participants).
Which 401(k) plans cover a similar participant headcount to Grove Bank & Trust 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mcmanis & Monsalve Associates Profit Sharing Plan in MD (109 participants, $7M 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 590199400.

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.