Plan Ledger DOL Form 5500 · updated monthly

Gallagher & Associates, LLC401(k)

GALLAGHER & ASSOCIATES LLC 401(K) RETIREMENT PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Gallagher & Associates, LLC reported $48,443 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,825 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 0.09% to 0.43%. 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 among the smaller plans on file in District of Columbia (412th of 618), and 7,440th of 11,654 in professional & technical services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 81 to 133 since 2022.

Plan summary
Net assets, end of year$11,814,754
Participants with balances200
Active participants133
Employer contributions$508,778
Employee contributions$1,045,260
Employer contribution per active participant$3,825
Average account balance$59,074
Benefits paid to participants$1,940,373
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 200 accts · $509K emplr
2023$10.9M · 153 accts · $388K emplr
2022$9.1M · 139 accts · $399K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,443
Total administrative$48,443
The Gallagher & Associates, LLC 401(k) match · 2024
Employer contribution per active participant$3,825
Median for plans this size$2,416
2024$3,825 per active participant
2023$4,360 per active participant
2022$4,922 per active participant

Gallagher & Associates, LLC's 2024 employer contribution ran above the $2,416 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 · 20245
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$16,774
EMPOWER ADVISORY GROUP, LLC · Investment management$5,067
UNIGLOBAL PENSION PLANNING, IN. · Contract administrator$4,275
RITHOLTZ WEALTH MANAGEMENT LLC · Investment advisory (plan)$2,459

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$48,443 · 0.43%
2023$34,959 · 0.35%
2022$8,589 · 0.09%
Same employer
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Barbaricum DC$12.4M · 0.64%
Hickok Cole Architects, PC DC$11.9M · 0.05%
Pingwind, Inc. DC$11.9M · 0.10%
Bcs, LLC DC$11.9M · 0.63%
Veracity Engineering, LLC DC$11.7M · 0.44%
Obsidian Global, LLC DC$11.4M · 0.69%
Elias Law Group LLP DC$11.2M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522185723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.