New York › Retail trade › 5,000 to 24,999 participants
Form 5500 statement · plan year 29 Apr 2024 to 27 Apr 2025
Golub Corporation Profit Sharing Plan
Sponsored by Golub Corporation, Schenectady, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Golub Corporation Profit Sharing Plan is a profit-sharing plan sponsored by Golub Corporation of Schenectady, New York. For the plan year ending 27 Apr 2025 it reported 10,756 participants, 4,553 of them active, and net assets of $98.5M.
Net assets came to $9,159 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $36,708 median for defined contribution plans in retail trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were —.
Across the filings on record, net assets went from $369M in 2009 to $98.5M in 2024 (down 73%), and participants from 18,827 to 10,756 (down 43%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $9,159 | $64,499 | $36,708 | $53,102 |
| Employer contributions per active participant | — | $2,424 | $999 | $2,175 |
| Schedule C compensation per participant | — | $53.38 | $121 | $123 |
| Schedule C compensation, share of net assets | — | 0.09% | 0.36% | 0.26% |
| Administrative expenses per participant | — | $54.85 | $114 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), retail trade (3,794) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 10,756 | $98.5M | $9,159 | — | — | $0 |
| 2023 | 11,899 | $103M | $8,665 | — | — | $0 |
| 2022 | 12,734 | $222M | $17,467 | — | — | $0 |
| 2021 | 22,259 | $283M | $12,720 | — | — | $72K |
| 2020 | 19,933 | $227M | $11,410 | — | — | $148K |
| 2019 | 19,646 | $152M | $7,743 | — | — | $153K |
| 2018 | 19,597 | $97.9M | $4,998 | — | — | $130K |
| 2017 | 19,570 | $99.1M | $5,065 | $92K | — | $165K |
| 2016 | 19,260 | $115M | $5,951 | — | — | $191K |
| 2015 | 18,993 | $128M | $6,728 | — | — | $160K |
| 2014 | 18,334 | $191M | $10,430 | $4.8M | — | $145K |
| 2013 | 17,921 | $194M | $10,851 | $4.7M | — | $137K |
| 2012 | 18,267 | $245M | $13,402 | $4.8M | — | $129K |
| 2011 | 20,092 | $334M | $16,630 | $4.5M | — | $127K |
| 2010 | 19,557 | $299M | $15,276 | $4.5M | — | $120K |
| 2009 | 18,827 | $369M | $19,602 | $4.2M | — | $127K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$103,107,331
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$1,416,992
- Benefits paid$6,015,430
- Administrative expenses—
- Total expenses$6,015,430
- Net income−$4,598,438
- Net transfers$0
- Net assets, end of year$98,508,893
Participants
- Active participants4,553
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits5,729
- Participants with account balances10,756
- Total participants, end of year10,756
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$98.5M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmTeal, Becker, Chiaramonte CPAS P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 445110: Supermarkets and Other Grocery (except Convenience) Stores.
Other plans of Golub Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Golub Corporation Employees Retirement Plan | 10,395 | $366M |
| Golub Corporation Qualified Security Plan | 349 | $15.3M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| UFCW Local 342 Savings and 401(k) Plan | Board of Trustees UFCW Local 342 Savings and 401(k) | 12,041 | $124M | $10,327 |
| HBC 401(k) Retirement Savings Plan | Saks Global Enterprises LLC | 10,380 | $535M | $51,494 |
| UFCW Local One 401(k) Savings Plan | BRD of Ttees UFCW Local One 401(k) Savings Plan | 12,902 | $154M | $11,924 |
| Hellofresh 401(k) Retirement Savings Plan | Grocery Delivery E-Services, Inc. | 9,451 | $106M | $11,179 |
| Local 338 Annuity Fund | Board of Trustees Local 338 Annuity Fund | 13,890 | $60.7M | $4,370 |
| Tiffany & Company Employee P/s & Retirement Savings Plan | Tiffany and Company | 8,065 | $966M | $119,788 |
Defined contribution plans in retail trade closest in size.
Questions and answers
How big is Golub Corporation Profit Sharing Plan?
10,756 participants at the end of the plan year ending 27 Apr 2025, of whom 4,553 were active employees, with net assets of $98,508,893. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Golub Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were —. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Golub Corporation. The financial statements were audited by Teal, Becker, Chiaramonte CPAS P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 29 Apr 2024 to 27 Apr 2025, received by the Department of Labor on 23 Feb 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 14-0724820, plan 002, received 23 Feb 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.