Plan Ledger DOL Form 5500 · updated monthly

Gillman Services, Inc.401(k)

GILLMAN SERVICES, INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Gillman Services, Inc. reported $125,480 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $478 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 rose from 0.35% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,529th-largest of 5,688 plans among Texas employers on file, and the 1,014th of 5,215 in retail trade. In 2024, employees put in $6.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,434,401
Participants with balances1,090
Active participants921
Employer contributions$440,380
Employee contributions$2,876,054
Employer contribution per active participant$478
Average account balance$27,921
Benefits paid to participants$5,206,148
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$30.4M · 1,090 accts · $440K emplr
2023$28.9M · 1,024 accts · $502K emplr
2022$26.1M · 1,004 accts · $612K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$118,190
Investment management$7,290
Total administrative$125,480
The Gillman Services, Inc. 401(k) match · 2024
Employer contribution per active participant$478
Median for plans this size$2,416
2024$478 per active participant
2023$566 per active participant
2022$727 per active participant

Gillman Services, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$7,290

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$125,480 · 0.42%
2023$111,739 · 0.41%
2022$97,736 · 0.35%
Same employer
Similar plansRetail Trade · Texas
Bij Motors Tx, LLC TX$34.7M · 0.11%
Team Rumbleon, LLC TX$32.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741597662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.