Plan Ledger DOL Form 5500 · updated monthly

Garlyn O. Shelton Inc.401(k)

GARLYN O SHELTON INC. EMPLOYEES PROFIT SHARING 401K · TEMPLE, TX · plan year 2022

Reported admin expense ratio · 2022
0.01%

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

Garlyn O. Shelton Inc. reported $294 in plan administrative expenses for 2022: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $457 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (4,335th of 5,688), and 4,092nd of 5,215 in retail trade. In 2022, employees put in $3.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,883,664
Participants with balances163
Active participants301
Employer contributions$137,600
Employee contributions$456,618
Employer contribution per active participant$457
Average account balance$23,826
Benefits paid to participants$166,413
Plan auditUnmodified (clean) audit opinion
AuditorWOODWARD & ASSOCIATES, INC.
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $139K emplr
2022$3.9M · 163 accts · $138K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$294
Total administrative$294
The Garlyn O. Shelton Inc. 401(k) match · 2022
Employer contribution per active participant$457
Median for plans this size$1,114

Garlyn O. Shelton Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$294 · 0.01%
Similar plansRetail Trade · Texas
Snyder's, LTD. TX$4.0M · 0.18%
Crestview Rv Center TX$4.0M · 2.10%
Cassity Jones, Inc. TX$3.8M · 0.53%
Rent-A-Tire, L.P. TX$3.8M · 1.54%
Keith Ace Hardware TX$3.8M · 0.07%
Wave Health Services, LLC TX$3.8M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741784042 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.