Plan Ledger DOL Form 5500 · updated monthly

B4GIBSON Management, Inc.401(k)

GIBSON PLUMBING 401(K) PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
0.55%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

B4GIBSON Management, Inc. reported $18,917 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $729 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.60% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Texas (4,361st of 5,688), and 4,296th of 5,337 in construction. In 2024, employees put in $2.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,796,330
Participants with balances133
Active participants203
Employer contributions$148,018
Employee contributions$413,157
Employer contribution per active participant$729
Average account balance$28,544
Benefits paid to participants$308,282
Plan auditUnmodified (clean) audit opinion
AuditorSOL SCHWARTZ & ASSOCIATES PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 133 accts · $148K emplr
2023$3.1M · 118 accts · $191K emplr
2022$2.5M · 120 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,917
Total administrative$18,917
The B4GIBSON Management, Inc. 401(k) match · 2024
Employer contribution per active participant$729
Median for plans this size$1,313
2024$729 per active participant
2023$895 per active participant
2022$963 per active participant

B4GIBSON Management, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,917 · 0.55%
2023$14,797 · 0.53%
2022$15,400 · 0.60%
Same employer
Similar plansConstruction · Texas
Way Holding LTD. TX$3.9M · 0.49%
Lecs, LTD. TX$3.9M · 0.48%
Lochridge-Priest, Inc TX$3.8M · 1.05%
Ttg Utilities, Inc. TX$3.8M · 1.51%
Win-Con Enterprises, Inc. TX$3.8M · 1.66%
Dailey Company, Inc. TX$3.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161667361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.