Plan Ledger DOL Form 5500 · updated monthly

Garratt-Callahan Company401(k)

GARRATT-CALLAHAN COMPANY EMPLOYEES' PROFIT SHARING PLAN · BURLINGAME, CA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Garratt-Callahan Company reported $389,777 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,220 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 0.51% to 0.54%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,240th-largest of 9,483 plans among California employers on file, and the 2,308th of 13,661 in manufacturing. In 2024, employees put in $7.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$76,461,777
Participants with balances480
Active participants410
Employer contributions$500,000
Employee contributions$3,542,202
Employer contribution per active participant$1,220
Average account balance$159,295
Benefits paid to participants$5,432,503
Plan auditUnmodified (clean) audit opinion
AuditorNAVOLIO & TALLMAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$76.5M · 480 accts · $500K emplr
2023$68.2M · 463 accts · $375K emplr
2022$59.7M · 438 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,181
Investment management$358,096
Audit (IQPA)$24,500
Total administrative$389,777
The Garratt-Callahan Company 401(k) match · 2024
Employer contribution per active participant$1,220
Median for plans this size$3,635
2024$1,220 per active participant
2023$942 per active participant
2022$640 per active participant

Garratt-Callahan Company's 2024 employer contribution ran below the $3,635 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 · 20243
PRIMARK BENEFITS · Contract administrator · Recordkeeping$7,181
CHAPMAN INVETMENT MANAGEMENT LLC · Investment advisory (plan) · Investment management$358,096
NAVOLIO & TALLMAN LLP · Accounting / audit$24,500

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

Recordkeeper by year2
2024PRIMARK BENEFITS
2023PRIMARK BENEFITS

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Administrative cost history3
2024$389,777 · 0.54%
2023$341,472 · 0.53%
2022$381,625 · 0.51%
Same employer
Similar plansManufacturing · California
Stellant Systems, Inc. CA$77.8M · 0.31%
Sunrise Medical (US) LLC CA$77.5M · 0.29%
Enphase Energy, Inc. CA$76.6M · 0.13%
Calamp Corp. CA$75.8M · 0.12%
Meyer Corporation US CA$75.8M · 0.03%
Sunsweet Growers Inc. CA$74.7M · 0.24%
J.D. Heiskell Holdings, LLC CA$74.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940497430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.