Plan Ledger DOL Form 5500 · updated monthly

G & L Holdings, Inc.401(k)

G&L HOLDINGS, INC. 401(K) PLAN · ROME, GA · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

G & L Holdings, Inc. reported $80,177 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $6,210 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 rose from 0.20% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 580th-largest of 2,160 plans among Georgia employers on file, and the 3,894th of 13,661 in manufacturing. In 2023, employees put in $1.24 for every $1.00 the employer contributed; active participation has shrunk from 398 to 283 since 2022.

Plan summary
Net assets, end of year$36,997,310
Participants with balances427
Active participants283
Employer contributions$1,757,307
Employee contributions$2,181,503
Employer contribution per active participant$6,210
Average account balance$86,645
Benefits paid to participants$5,439,640
Plan auditUnmodified (clean) audit opinion
AuditorALLEN, GIBBS & HOULIK, L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$35.1M · 364 accts · $1.3M emplr
2023$37.0M · 427 accts · $1.8M emplr
2022$33.3M · 489 accts · $3.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$56,440
Investment management$23,737
Total administrative$80,177
The G & L Holdings, Inc. 401(k) match · 2023
Employer contribution per active participant$6,210
Median for plans this size$2,440
2024$5,215 per active participant
2023$6,210 per active participant
2022$8,057 per active participant

G & L Holdings, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,540
INVESTMENT RESEARCH & AD · Investment advisory (plan)$23,737

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

Administrative cost history3
2024$89,212 · 0.25%
2023$80,177 · 0.23%
2022$141,794 · 0.20%
Similar plansManufacturing · Georgia
Larson-Juhl US LLC GA$38.3M · 0.28%
Pexco, LLC GA$38.1M · 0.06%
Plaid Enterprises, Inc. GA$37.8M · 0.15%
Burgess Pigment Company GA$37.1M · 0.31%
Winpak Films Inc. GA$36.0M · 0.04%
Iconex, LLC GA$35.5M · 0.07%
Encompass Group, LLC GA$34.8M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320438196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.