Plan Ledger DOL Form 5500 · updated monthly

Gil-Bar Industries Inc401(k)

GIL-BAR INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Gil-Bar Industries Inc reported $139,327 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $8,633 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 0.45% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,262nd-largest of 5,648 plans among New York employers on file, and the 958th of 5,337 in construction. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 127 to 323 since 2022.

Plan summary
Net assets, end of year$56,328,894
Participants with balances579
Active participants323
Employer contributions$2,788,497
Employee contributions$5,022,049
Employer contribution per active participant$8,633
Average account balance$97,287
Benefits paid to participants$2,480,907
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.3M · 579 accts · $2.8M emplr
2023$42.3M · 440 accts · $791K emplr
2022$15.4M · 133 accts · $674K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,145
Investment management$113,322
Trustee / custodial$860
Total administrative$139,327
The Gil-Bar Industries Inc 401(k) match · 2024
Employer contribution per active participant$8,633
Median for plans this size$2,416
2024$8,633 per active participant
2023$1,371 per active participant
2022$5,307 per active participant

Gil-Bar Industries Inc's 2024 employer contribution ran above the $2,416 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 · 20244
PAYCHEX INC · Recordkeeping$17,832
CREATIVE PLANNING · Investment advisory (participants)$105,234
WILSHIRE ASSOCIATES · Investment advisory (plan)$7,808
ERISA FIDUCIARY SERVICES INC · Contract administrator$7,790

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

Recordkeeper by year2
2024Paychex
2023CREATIVE PLANNING, FXP ADVISORY SERVICES LLC, Paychex

This plan has changed recordkeepers within these filings. If you left Gil-Bar Industries Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$139,327 · 0.28%
2023$76,342 · 0.26%
2022$73,033 · 0.45%
Similar plansConstruction · New York
O'Connell Electric Co. NY$58.8M · 0.30%
Bette & Cring, LLC NY$53.7M · 0.10%
Jwd Group, Inc. NY$53.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112812363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.