Plan Ledger DOL Form 5500 · updated monthly

G & M Oil Co., Inc.401(k)

G & M OIL CO., INC. RETIREMENT SAVINGS PLAN · HUNTINGTON BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

G & M Oil Co., Inc. reported $157,220 in plan administrative expenses for 2024: 0.81% of average plan assets, higher than ~90% of peers. Employer contributions averaged $274 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 0.97% to 0.81%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 3,606th-largest of 9,483 plans among California employers on file, and the 1,443rd of 5,215 in retail trade. In 2024, employees put in $10.04 for every $1.00 the employer contributed; active participation has grown from 1,041 to 1,215 since 2022.

Plan summary
Net assets, end of year$20,241,140
Participants with balances1,445
Active participants1,215
Employer contributions$332,641
Employee contributions$3,338,435
Employer contribution per active participant$274
Average account balance$14,008
Benefits paid to participants$3,950,257
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 1,445 accts · $333K emplr
2023$18.4M · 1,238 accts · $364K emplr
2022$15.7M · 813 accts · $281K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$157,220
Total administrative$157,220
The G & M Oil Co., Inc. 401(k) match · 2024
Employer contribution per active participant$274
Median for plans this size$2,416
2024$274 per active participant
2023$324 per active participant
2022$270 per active participant

G & M Oil Co., Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
JOHN HANCOCK USA · Contract administrator · Recordkeeping$15,974
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$167,144
THE BALDWIN GROUP WEALTH ADVISORS · Investment advisory (plan)indirect comp

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$157,220 · 0.81%
2023$170,386 · 1.00%
2022$162,136 · 0.97%
Same employer
Similar plansRetail Trade · California
Zero Motorcycles CA$21.1M · 0.59%
Komoto Pharmacy, Inc. CA$20.6M · 0.05%
Chef Works, Inc. CA$20.4M · 0.38%
Bps Supply Group CA$20.4M · 0.31%
K Motors, Inc. CA$19.8M · 0.18%
Autoweb Inc. CA$19.7M · 0.23%
Super Care Inc CA$19.6M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330259692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.