Civic Intelligence

Grannbits Inc.

Plan context: GRANNBITS, INC. PROFIT SHARING PLAN

EIN 38-3588182 • Sterling Heights, MI • 16 filings • 2 plans

42875 Hayes RoadSterling Heights, MI 48313
Current Snapshot

Latest Year

2024

2024 Participants

4

2024 Assets

$240,968

2024 Contributions

$486

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$373,842$186,921$0201520202024YearValue
$240,968Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

38190201520202024YearValue
4Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202414$240,968$0-
GRANNBITS, INC. PROFIT SHARING PLAN-4$240,968--
202314$224,659$0-
GRANNBITS, INC. PROFIT SHARING PLAN-4$224,659--
202214$206,634$0-
GRANNBITS, INC. PROFIT SHARING PLAN-4$206,634--
202114$223,358$0-
GRANNBITS, INC. PROFIT SHARING PLAN-4$223,358--
202024$213,656$486$122iApproximate average salary by contribution assumption: employee only about $3,038 at 4% or $2,025 at 6%; with 50% employer match about $2,025 at 4% or $1,350 at 6%; with 100% employer match about $1,519 at 4% or $1,013 at 6%.
GRANNBITS, INC. PROFIT SHARING PLAN-4$213,656$486$122iApproximate average salary by contribution assumption: employee only about $3,038 at 4% or $2,025 at 6%; with 50% employer match about $2,025 at 4% or $1,350 at 6%; with 100% employer match about $1,519 at 4% or $1,013 at 6%.
Grannbits Inc. Cash Balance Plan-0$0--
2019221$373,842$136,200$6,486iApproximate average salary by contribution assumption: employee only about $162,143 at 4% or $108,095 at 6%; with 50% employer match about $108,095 at 4% or $72,063 at 6%; with 100% employer match about $81,071 at 4% or $54,048 at 6%.
Grannbits Inc. Cash Balance Plan-21$280,802$136,200$6,486iApproximate average salary by contribution assumption: employee only about $162,143 at 4% or $108,095 at 6%; with 50% employer match about $108,095 at 4% or $72,063 at 6%; with 100% employer match about $81,071 at 4% or $54,048 at 6%.
GRANNBITS, INC. PROFIT SHARING PLAN-5$93,040$0-
2018219$223,751$15,931$838iApproximate average salary by contribution assumption: employee only about $20,962 at 4% or $13,975 at 6%; with 50% employer match about $13,975 at 4% or $9,316 at 6%; with 100% employer match about $10,481 at 4% or $6,987 at 6%.
Grannbits Inc. Cash Balance Plan-19$129,412$15,931$838iApproximate average salary by contribution assumption: employee only about $20,962 at 4% or $13,975 at 6%; with 50% employer match about $13,975 at 4% or $9,316 at 6%; with 100% employer match about $10,481 at 4% or $6,987 at 6%.
GRANNBITS, INC. PROFIT SHARING PLAN-16$94,339$0-
2017238$224,874$11,070$291iApproximate average salary by contribution assumption: employee only about $7,283 at 4% or $4,855 at 6%; with 50% employer match about $4,855 at 4% or $3,237 at 6%; with 100% employer match about $3,641 at 4% or $2,428 at 6%.
Grannbits Inc. Cash Balance Plan-38$120,596$11,070$291iApproximate average salary by contribution assumption: employee only about $7,283 at 4% or $4,855 at 6%; with 50% employer match about $4,855 at 4% or $3,237 at 6%; with 100% employer match about $3,641 at 4% or $2,428 at 6%.
GRANNBITS, INC. PROFIT SHARING PLAN-19$104,278$0-
2016221$200,133$22,455$1,069iApproximate average salary by contribution assumption: employee only about $26,732 at 4% or $17,821 at 6%; with 50% employer match about $17,821 at 4% or $11,881 at 6%; with 100% employer match about $13,366 at 4% or $8,911 at 6%.
Grannbits Inc. Cash Balance Plan-21$106,512$22,455$1,069iApproximate average salary by contribution assumption: employee only about $26,732 at 4% or $17,821 at 6%; with 50% employer match about $17,821 at 4% or $11,881 at 6%; with 100% employer match about $13,366 at 4% or $8,911 at 6%.
GRANNBITS, INC. PROFIT SHARING PLAN-21$93,621$0-
2015228$173,230$173,230$6,187iApproximate average salary by contribution assumption: employee only about $154,670 at 4% or $103,113 at 6%; with 50% employer match about $103,113 at 4% or $68,742 at 6%; with 100% employer match about $77,335 at 4% or $51,557 at 6%.
GRANNBITS, INC. PROFIT SHARING PLAN-27$89,230$89,230$3,305iApproximate average salary by contribution assumption: employee only about $82,620 at 4% or $55,080 at 6%; with 50% employer match about $55,080 at 4% or $36,720 at 6%; with 100% employer match about $41,310 at 4% or $27,540 at 6%.
Grannbits Inc. Cash Balance Plan-28$84,000$84,000$3,000iApproximate average salary by contribution assumption: employee only about $75,000 at 4% or $50,000 at 6%; with 50% employer match about $50,000 at 4% or $33,333 at 6%; with 100% employer match about $37,500 at 4% or $25,000 at 6%.