Plan Ledger DOL Form 5500 · updated monthly

Gap Services, Inc401(k)

GAP SERVICES, INC 401(K) P/S PLAN · TWIN FALLS, ID · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Gap Services, Inc reported $16,084 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $258 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 0.72% to 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Idaho (271st of 349), and 1,961st of 2,677 in transportation & warehousing. In 2024, employees put in $9.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,867,418
Participants with balances143
Active participants203
Employer contributions$52,350
Employee contributions$489,167
Employer contribution per active participant$258
Average account balance$20,052
Benefits paid to participants$160,887
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 143 accts · $52K emplr
2023$2.1M · 140 accts · $54K emplr
2022$1.3M · 140 accts · $56K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,941
Investment management$11,143
Total administrative$16,084
The Gap Services, Inc 401(k) match · 2024
Employer contribution per active participant$258
Median for plans this size$1,313
2024$258 per active participant
2023$255 per active participant
2022$293 per active participant

Gap Services, Inc's 2024 employer contribution ran below the $1,313 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 · 20242
ASCENSUS LLC · Recordkeeping$4,941
SHAREBUILDER ADVISOR LLC · Investment advisory (plan)$11,143

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$16,084 · 0.64%
2023$14,333 · 0.82%
2022$8,796 · 0.72%
Same employer
Similar plansTransportation & Warehousing · Idaho
Handy Truck Line, Inc. ID$6.8M · 0.84%
Gary Amoth Trucking, Inc. ID$6.5M · 0.58%
Super T Transport, Inc. ID$2.6M · 1.05%
The Car Park, LLC ID$1.8M · 0.05%
Jackson Jet Center, LLC ID$644K · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200070351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.