Plan Ledger DOL Form 5500 · updated monthly

Gary Thompson Agency, Inc.401(k)

GARY THOMPSON AGENCY, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN · RED CLOUD, NE · plan year 2022

Reported admin expense ratio · 2022
0.65%

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

Gary Thompson Agency, Inc. reported $47,398 in plan administrative expenses for 2022: 0.65% of average plan assets, above the peer median. Employer contributions averaged $2,126 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 finance & insurance employers. By assets it is among the smaller plans on file in Nebraska (422nd of 565), and 4,280th of 4,798 in finance & insurance. In 2022, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,986,653
Participants with balances181
Active participants147
Employer contributions$312,504
Employee contributions$834,400
Employer contribution per active participant$2,126
Average account balance$38,600
Benefits paid to participants$338,623
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ AND COMPANY, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$7.0M · 181 accts · $313K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$16,465
Investment management$30,933
Total administrative$47,398
The Gary Thompson Agency, Inc. 401(k) match · 2022
Employer contribution per active participant$2,126
Median for plans this size$1,114

Gary Thompson Agency, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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$47,398 · 0.65%
Similar plansFinance & Insurance · Nebraska
Arbor Bank NE$8.8M · 0.56%
Inspro, Inc NE$8.4M · 1.38%
Heritage Bank NE$7.1M · 0.05%
Midwest Holding LLC NE$6.8M · 0.07%
Mm Finance, LLC NE$1.5M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470597590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.