Plan Ledger DOL Form 5500 · updated monthly

Gallagher-Kaiser Corporation401(k)

GALLAGHER-KAISER CORPORATION TAX DEFERRED SAVINGS PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Gallagher-Kaiser Corporation reported $69,568 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $4,594 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 0.14% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 373rd-largest of 2,619 plans among Michigan employers on file, and the 785th of 5,337 in construction. In 2024, employees put in $2.59 for every $1.00 the employer contributed; active participation has grown from 254 to 419 since 2022.

Plan summary
Net assets, end of year$74,833,391
Participants with balances420
Active participants419
Employer contributions$1,924,798
Employee contributions$4,987,708
Employer contribution per active participant$4,594
Average account balance$178,175
Benefits paid to participants$5,412,870
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$74.8M · 420 accts · $1.9M emplr
2023$63.9M · 387 accts · $1.5M emplr
2022$31.7M · 244 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Investment management$65,095
Total administrative$69,568
The Gallagher-Kaiser Corporation 401(k) match · 2024
Employer contribution per active participant$4,594
Median for plans this size$3,635
2024$4,594 per active participant
2023$3,912 per active participant
2022$4,575 per active participant

Gallagher-Kaiser Corporation's 2024 employer contribution ran above the $3,635 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 · 20243
CAPTRUST · Investment advisory (plan)$52,356
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$33,434
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$69,568 · 0.10%
2023$50,633 · 0.11%
2022$48,136 · 0.14%
Same employer
Similar plansConstruction · Michigan
Edward Rose & Sons MI$75.3M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381396724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.