Plan Ledger DOL Form 5500 · updated monthly

General Technologies, Inc.401(k)

GENERAL TECHNOLOGIES, INC. 401K PLAN · STAFFORD, TX · plan year 2023

Reported admin expense ratio · 2023
0.12%

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

General Technologies, Inc. reported $5,668 in plan administrative expenses for 2023: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $741 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 fell from 0.20% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (3,991st of 5,688), and 11,089th of 13,661 in manufacturing. In 2023, employees put in $2.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,216,344
Participants with balances97
Active participants314
Employer contributions$232,687
Employee contributions$516,508
Employer contribution per active participant$741
Average account balance$53,777
Benefits paid to participants$949,114
Plan auditUnmodified (clean) audit opinion
AuditorHARPER AND PEARSON COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$5.2M · 97 accts · $233K emplr
2022$4.6M · 104 accts · $265K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,534
Investment management$2,134
Total administrative$5,668
The General Technologies, Inc. 401(k) match · 2023
Employer contribution per active participant$741
Median for plans this size$1,308
2023$741 per active participant
2022$828 per active participant

General Technologies, Inc.'s 2023 employer contribution ran below the $1,308 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
ADP, INC. · Loan processing · Recordkeeping$5,668
ADP BROKER-DEALER · Other servicesindirect comp

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

Administrative cost history2
2023$5,668 · 0.12%
2022$9,380 · 0.20%
Same employer
Similar plansManufacturing · Texas
Krypton Solutions, LLC TX$5.3M · 0.47%
Zxp Technologies, LLC TX$5.3M · 0.53%
Vme Process, Inc. TX$5.3M · 0.54%
Cabinet Specialists TX$5.2M · 0.93%
Steel Painters LLC TX$5.2M · 0.95%
County Services, Inc. TX$5.1M · 0.80%
Womble Company, Inc. TX$5.1M · 0.93%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 760364825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.