Plan Ledger DOL Form 5500 · updated monthly

Gilero, LLC401(k)

GILERO 401(K) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Gilero, LLC reported $31,446 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $3,825 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,278th of 2,005), and 9,956th of 13,661 in manufacturing. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,380,426
Participants with balances137
Active participants122
Employer contributions$466,627
Employee contributions$937,997
Employer contribution per active participant$3,825
Average account balance$53,872
Benefits paid to participants$222,493
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER, P.A.
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,446
Total administrative$31,446
The Gilero, LLC 401(k) match · 2024
Employer contribution per active participant$3,825
Median for plans this size$1,313

Gilero, LLC's 2024 employer contribution ran above the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$31,445
OSAIC FA, INC. · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history1
2024$31,446 · 0.50%
Same employer
Similar plansManufacturing · North Carolina
Dill Air Products LLC NC$7.6M · 0.63%
Spinrite Services Inc NC$7.6M · 0.69%
Saertex USA, LLC NC$7.6M · 0.77%
Kontane Logistics, Inc. NC$7.2M · 0.56%
Lionel, LLC NC$7.1M · 0.70%
Shuford Yarns, LLC NC$7.0M · 0.64%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 562311359 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.