Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of the Gulf Coast, Inc.401(k)

GOODWILL INDUSTRIES OF THE GULF COAST, INC. RETIREMENT PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
1.14%

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

Goodwill Industries of the Gulf Coast, Inc. reported $46,593 in plan administrative expenses for 2024: 1.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $895 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 1.03% to 1.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (657th of 902), and 8,246th of 11,911 in health care & social assistance. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has grown from 300 to 337 since 2022.

Plan summary
Net assets, end of year$4,456,269
Participants with balances217
Active participants337
Employer contributions$301,532
Employee contributions$411,478
Employer contribution per active participant$895
Average account balance$20,536
Benefits paid to participants$396,759
Plan auditUnmodified (clean) audit opinion
AuditorSMITH, DUKES, & BUCKALEW, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 217 accts · $302K emplr
2023$3.7M · 196 accts · $215K emplr
2022$3.3M · 193 accts · $187K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,740
Total administrative$46,593
The Goodwill Industries of the Gulf Coast, Inc. 401(k) match · 2024
Employer contribution per active participant$895
Median for plans this size$1,313
2024$895 per active participant
2023$691 per active participant
2022$622 per active participant

Goodwill Industries of the Gulf Coast, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$5,406

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$46,593 · 1.14%
2023$37,668 · 1.08%
2022$35,246 · 1.03%
Same employer
Similar plansHealth Care & Social Assistance · Alabama
Sasser Enterprises, Inc. AL$4.3M · 1.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 630363472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.