Plan Ledger DOL Form 5500 · updated monthly

Port Liberty USA LLC401(k)

GCT RETIREMENT PLAN · STATEN ISLAND, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Port Liberty USA LLC reported $4,468 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $11,735 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 0.011% to 0.008%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,230th-largest of 5,648 plans among New York employers on file, and the 350th of 2,677 in transportation & warehousing. In 2024, the employer put in $1.17 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$58,288,807
Participants with balances154
Active participants117
Employer contributions$1,372,973
Employee contributions$1,171,000
Employer contribution per active participant$11,735
Average account balance$378,499
Benefits paid to participants$3,779,984
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.3M · 154 accts · $1.4M emplr
2023$52.4M · 165 accts · $1.6M emplr
2022$43.8M · 170 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,468
Total administrative$4,468
The Port Liberty USA LLC 401(k) match · 2024
Employer contribution per active participant$11,735
Median for plans this size$3,635
2024$11,735 per active participant
2023$13,340 per active participant
2022$12,388 per active participant

Port Liberty USA LLC's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$79,083
COHNREZNICK LLP · Accounting / auditindirect comp

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$4,468 · 0.01%
2023$2,624 · 0.01%
2022$5,180 · 0.01%
Same employer
Similar plansTransportation & Warehousing · New York
Jp Express Service Inc. NY$59.2M · 0.00%
Emirates USA NY$48.1M · 0.16%
Klm Royal Dutch Airlines NY$48.1M · 0.27%
Liberty Lines Transit, Inc. NY$42.3M · 0.00%
Alclear, LLC NY$42.2M · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471713574 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.