Plan Ledger DOL Form 5500 · updated monthly

General Logistics Systems US, Inc.401(k)

GENERAL LOGISTICS SYSTEMS NORTH AMERICA, INC. 401(K) PLAN · STOCKTON, CA · plan year 2023

Reported admin expense ratio · 2023
0.95%

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

General Logistics Systems US, Inc. reported $185,037 in plan administrative expenses for 2023: 0.95% of average plan assets, higher than ~90% of peers. Employer contributions averaged $414 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 3 years on file its reported administrative ratio rose from 0.30% to 0.96%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 3,570th-largest of 9,483 plans among California employers on file, and the 726th of 2,677 in transportation & warehousing. In 2023, employees put in $3.05 for every $1.00 the employer contributed; active participation has grown from 647 to 1,125 since 2022.

Plan summary
Net assets, end of year$20,512,172
Participants with balances428
Active participants1,125
Employer contributions$466,025
Employee contributions$1,419,223
Employer contribution per active participant$414
Average account balance$47,926
Benefits paid to participants$2,902,815
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$13.8M · 285 accts · $170K emplr
2024$12.6M · 262 accts · $435K emplr
2023$20.5M · 428 accts · $466K emplr
2022$18.5M · 420 accts · $191K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$185,037
Total administrative$185,037
The General Logistics Systems US, Inc. 401(k) match · 2023
Employer contribution per active participant$414
Median for plans this size$2,440
2025$278 per active participant
2024$736 per active participant
2023$414 per active participant
2022$295 per active participant

General Logistics Systems US, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRANSAMERICA FINANCIAL LIFE INS · Recordkeeping · Loan processing$139,510
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$45,527

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

Recordkeeper by year3
2025ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history4
2025$127,234 · 0.96%
2024$165,369 · 1.00%
2023$185,037 · 0.95%
2022$43,638 · 0.30%
Same employer
Similar plansTransportation & Warehousing · California
Sandair Corporation CA$21.1M · 0.17%
Stanley G. Alexander, Inc. CA$19.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943221288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.