Plan Ledger DOL Form 5500 · updated monthly

Giti Tire USA LTD.401(k)

GITI TIRE USA LTD 401K PROFIT SHARING PLAN AND TRUST · RANCHO CUCAMONGA, CA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Giti Tire USA LTD. reported $34,393 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $670 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 0.19% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 4,275th-largest of 9,483 plans among California employers on file, and 2,296th of 4,246 in wholesale trade. In 2024, employees put in $3.69 for every $1.00 the employer contributed; active participation has grown from 605 to 827 since 2022.

Plan summary
Net assets, end of year$15,728,769
Participants with balances502
Active participants827
Employer contributions$553,678
Employee contributions$2,042,338
Employer contribution per active participant$670
Average account balance$31,332
Benefits paid to participants$3,001,144
Plan auditUnmodified (clean) audit opinion
AuditorTHONG, YU, WONG & LEE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 502 accts · $554K emplr
2023$14.2M · 456 accts · $506K emplr
2022$12.3M · 424 accts · $474K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,582
Investment management$811
Total administrative$34,393
The Giti Tire USA LTD. 401(k) match · 2024
Employer contribution per active participant$670
Median for plans this size$2,416
2024$670 per active participant
2023$757 per active participant
2022$783 per active participant

Giti Tire USA LTD.'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
ADP, INC. · Loan processing · Recordkeeping$34,392
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$34,393 · 0.23%
2023$25,943 · 0.20%
2022$24,318 · 0.19%
Same employer
Similar plansWholesale Trade · California
Ouraring Inc. CA$16.0M · 0.00%
Desoto Sales, Inc. CA$16.0M · 0.25%
Sideshow Inc. CA$15.9M · 0.55%
Progressive Produce LLC CA$15.8M · 0.02%
Giant Bicycle Inc CA$15.5M · 0.48%
Twin Med, LLC CA$15.5M · 0.63%
Winery Exchange, Inc. CA$15.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651259770 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.