Plan Ledger DOL Form 5500 · updated monthly

Gensco, Inc.401(k)

GENSCO PROFIT SHARING 401(K) PLAN · TACOMA, WA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Gensco, Inc. reported $161,038 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $6,552 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 0.13% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 127th-largest of 1,714 plans among Washington employers on file, and the 301st of 4,246 in wholesale trade. In 2024, the employer put in $1.45 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$153,819,204
Participants with balances1,344
Active participants979
Employer contributions$6,413,962
Employee contributions$4,421,794
Employer contribution per active participant$6,552
Average account balance$114,449
Benefits paid to participants$13,396,706
Plan auditUnmodified (clean) audit opinion
AuditorSABEY CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$153.8M · 1,344 accts · $6.4M emplr
2023$143.9M · 1,259 accts · $5.7M emplr
2022$131.5M · 1,225 accts · $5.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,548
Audit (IQPA)$13,750
Trustee / custodial$34,740
Total administrative$161,038
The Gensco, Inc. 401(k) match · 2024
Employer contribution per active participant$6,552
Median for plans this size$3,635
2024$6,552 per active participant
2023$6,082 per active participant
2022$5,925 per active participant

Gensco, Inc.'s 2024 employer contribution ran above 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 · 20243
NWPS · Recordkeeping · Loan processing$112,548
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$34,740
SABEY CPA, LLC · Accounting / audit$13,750

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

Recordkeeper by year2
2024NWPS
2023NWPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$161,038 · 0.11%
2023$149,504 · 0.11%
2022$170,320 · 0.13%
Same employer
Similar plansWholesale Trade · Washington
Harnish Group, Inc. WA$253.2M · 0.15%
Sanmar Corporation WA$204.3M · 0.13%
The Odom Corporation WA$126.6M · 0.16%
H. D. Fowler Company, Inc. WA$111.3M · 0.08%
Kongsberg Maritime, Inc. WA$95.4M · 0.18%
West Coast Paper Company WA$87.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910539873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.