Galfab Holdings Inc.401(k)
GALFAB HOLDINGS, INC. 401(K) PLAN · TINLEY PARK, IL · plan year 2020
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Galfab Holdings Inc. reported $2,025 in plan administrative expenses for 2020: 0.50% of average plan assets, below the peer median. Employer contributions averaged $13 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.
The plan sits in the under $1M size bracket, benchmarked here against 109 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Illinois (3,580th of 3,702), and 2,377th of 2,534 in administrative & support services. In 2020, employees put in $74.05 for every $1.00 the employer contributed.
Galfab Holdings Inc.'s 2020 employer contribution ran below the $246 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.
Annual cost at the plan's reported 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 822668679 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.