Plan Ledger DOL Form 5500 · updated monthly

Gateway Management Company, LLC401(k)

GATEWAY COMPANIES 401(K) PLAN · FLORENCE, AL · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Gateway Management Company, LLC reported $12,341 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $821 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 0.58% to 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Alabama (607th of 902), and 1,464th of 2,096 in real estate & leasing. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 288 to 363 since 2022.

Plan summary
Net assets, end of year$5,440,396
Participants with balances276
Active participants363
Employer contributions$298,145
Employee contributions$517,167
Employer contribution per active participant$821
Average account balance$19,712
Benefits paid to participants$479,283
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 276 accts · $298K emplr
2023$4.6M · 229 accts · $254K emplr
2022$3.6M · 215 accts · $237K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,341
Total administrative$12,341
The Gateway Management Company, LLC 401(k) match · 2024
Employer contribution per active participant$821
Median for plans this size$1,313
2024$821 per active participant
2023$784 per active participant
2022$825 per active participant

Gateway Management Company, LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ASCENSUS LLC · Recordkeeping$12,341

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$12,341 · 0.25%
2023$8,705 · 0.21%
2022$22,263 · 0.58%
Same employer
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Metro Mini Storage AL$8.6M · 0.52%
Crowne Partners, Inc. AL$6.5M · 0.32%
Bayer Properties, L.L.C. AL$6.2M · 0.70%
Jcj-Raleigh, LLC AL$5.2M · 1.28%
South Oak Title HR LLC AL$5.0M · 0.10%
Caliza LLC AL$3.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 451445794 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.