Plan Ledger DOL Form 5500 · updated monthly

Gaylor Electric, Inc.401(k)

GAYLOR ELECTRIC, INC. 401(K) PROFIT SHARING PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Gaylor Electric, Inc. reported $267,898 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,898 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 0.44% to 0.38%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 183rd-largest of 1,562 plans among Indiana employers on file, and the 741st of 5,337 in construction. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 1,435 to 2,620 since 2022.

Plan summary
Net assets, end of year$80,417,339
Participants with balances3,265
Active participants2,620
Employer contributions$7,593,590
Employee contributions$10,460,938
Employer contribution per active participant$2,898
Average account balance$24,630
Benefits paid to participants$8,371,185
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$80.4M · 3,265 accts · $7.6M emplr
2023$62.2M · 2,278 accts · $3.3M emplr
2022$48.2M · 2,111 accts · $953K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,948
Investment management$97,950
Total administrative$267,898
The Gaylor Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$2,898
Median for plans this size$3,635
2024$2,898 per active participant
2023$1,990 per active participant
2022$664 per active participant

Gaylor Electric, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
WELLINGTON WEALTH STRATEGIES LLC · Investment advisory (plan)$97,950

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

Administrative cost history3
2024$267,898 · 0.38%
2023$210,538 · 0.38%
2022$227,898 · 0.44%
Same employer
Similar plansConstruction · Indiana
Traylor Bros., Inc. IN$83.8M · 0.18%
Bmwc Constructors, Inc. IN$81.0M · 0.18%
Deem, LLC IN$71.6M · 0.29%
Gene B. Glick Company, Inc. IN$61.0M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 203727689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.