Plan Ledger DOL Form 5500 · updated monthly

G. E. C., Inc.401(k)

G. E. C., INC. EMPLOYEES ' RETIREMENT SAVINGS PLAN · BATON ROUGE, LA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

G. E. C., Inc. reported $68,249 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $433 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 0.27% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 225th-largest of 884 plans among Louisiana employers on file, and the 4,991st of 11,654 in professional & technical services. In 2024, employees put in $7.38 for every $1.00 the employer contributed; active participation has grown from 320 to 395 since 2022.

Plan summary
Net assets, end of year$23,434,316
Participants with balances485
Active participants395
Employer contributions$171,026
Employee contributions$1,262,705
Employer contribution per active participant$433
Average account balance$48,318
Benefits paid to participants$3,394,040
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, WILSON, RAGUSA, UFFMAN & CO
Plan history3
Yearassets · accounts · employer contribution
2024$23.4M · 485 accts · $171K emplr
2023$22.3M · 420 accts · $175K emplr
2022$18.8M · 351 accts · $155K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,249
Total administrative$68,249
The G. E. C., Inc. 401(k) match · 2024
Employer contribution per active participant$433
Median for plans this size$2,416
2024$433 per active participant
2023$575 per active participant
2022$485 per active participant

G. E. C., 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.

Administrative cost history3
2024$68,249 · 0.30%
2023$57,072 · 0.28%
2022$54,496 · 0.27%
Similar plansProfessional & Technical Services · Louisiana
Frilot L.L.C. LA$27.0M · 0.00%
M S Benbow & Associates LA$19.2M · 0.03%
Cint USA, Inc. LA$19.1M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721268093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.