Plan Ledger DOL Form 5500 · updated monthly

Gep Administrative Services, LLC401(k)

GEP ADMINISTRATIVE SERVICES SAVINGS & PROFIT SHARING 401(K) PLAN · BURBANK, CA · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Gep Administrative Services, LLC reported $416,292 in plan administrative expenses for 2023: 0.22% of average plan assets, above the peer median. Employer contributions averaged $2,040 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 has held roughly steady near 0.210%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other administrative & support services employers. By assets it is the 562nd-largest of 9,483 plans among California employers on file, and the 99th of 2,534 in administrative & support services. In 2023, employees put in $4.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$204,346,410
Participants with balances1,154
Active participants882
Employer contributions$1,799,273
Employee contributions$7,521,600
Employer contribution per active participant$2,040
Average account balance$177,077
Benefits paid to participants$14,253,902
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$199.8M · 1,109 accts · $1.7M emplr
2023$204.3M · 1,154 accts · $1.8M emplr
2022$179.9M · 1,155 accts · $505K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$324,837
Investment management$53,955
Audit (IQPA)$22,500
Total administrative$416,292
The Gep Administrative Services, LLC 401(k) match · 2023
Employer contribution per active participant$2,040
Median for plans this size$3,659
2024$1,945 per active participant
2023$2,040 per active participant
2022$556 per active participant

Gep Administrative Services, LLC's 2023 employer contribution ran below the $3,659 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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$328,292
BFSG,LLC · Investment advisory (plan)$45,000
MOSS ADAMS · Accounting / audit · Investment advisory (plan)$43,000

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$425,052 · 0.21%
2023$416,292 · 0.22%
2022$423,304 · 0.21%
Same employer
Similar plansAdministrative & Support Services · California
Environmental Chemical Corp. CA$453.0M · 0.00%
Amn Healthcare, Inc. CA$417.0M · 0.22%
SA Recycling, LLC CA$190.5M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731692325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.