Plan Ledger DOL Form 5500 · updated monthly

Gateway Dealer Network, LLC401(k)

GATEWAY DEALER NETWORK 401(K) PLAN · VALLEY PARK, MO · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

Gateway Dealer Network, LLC reported $20,466 in plan administrative expenses for 2023: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,656 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 1 year on file its reported administrative ratio rose from 0.07% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 535th-largest of 1,393 plans among Missouri employers on file, and the 1,659th of 4,246 in wholesale trade. In 2023, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 283 to 392 since 2022.

Plan summary
Net assets, end of year$23,513,773
Participants with balances447
Active participants392
Employer contributions$1,041,135
Employee contributions$1,876,163
Employer contribution per active participant$2,656
Average account balance$52,604
Benefits paid to participants$2,760,444
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $325K emplr
2023$23.5M · 447 accts · $1.0M emplr
2022$13.1M · 281 accts · $792K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,964
Investment management$2,322
Audit (IQPA)$12,180
Total administrative$20,466
The Gateway Dealer Network, LLC 401(k) match · 2023
Employer contribution per active participant$2,656
Median for plans this size$2,440
2023$2,656 per active participant
2022$2,800 per active participant

Gateway Dealer Network, LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FORVIS LLP · Accounting / audit$12,180
SENTRY LIFE INSURANCE COMPANY · Loan processing$5,964

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

Administrative cost history3
2024Not separately reported
2023$20,466 · 0.11%
2022$9,888 · 0.07%
Same employer
Similar plansWholesale Trade · Missouri
Butler Supply Inc. MO$29.2M · 0.17%
Mid-Am Holdings, LLC MO$26.8M · 0.23%
Tsi Holding Company MO$25.5M · 0.06%
G.W. van Keppel Company MO$22.6M · 0.60%
Negwer Materials, Inc. MO$21.5M · 0.43%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 842017338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.