Plan Ledger DOL Form 5500 · updated monthly

GP3 Partners, LLC401(k)

GP3 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

GP3 Partners, LLC reported $58,032 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $10,353 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 0.23% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 816th-largest of 2,266 plans among Virginia employers on file, and the 4,583rd of 11,654 in professional & technical services. In 2024, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$26,328,106
Participants with balances324
Active participants221
Employer contributions$2,287,927
Employee contributions$1,998,236
Employer contribution per active participant$10,353
Average account balance$81,260
Benefits paid to participants$859,285
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.3M · 324 accts · $2.3M emplr
2023$19.9M · 281 accts · $1.6M emplr
2022$15.2M · 257 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,032
Total administrative$58,032
The GP3 Partners, LLC 401(k) match · 2024
Employer contribution per active participant$10,353
Median for plans this size$2,416
2024$10,353 per active participant
2023$8,710 per active participant
2022$8,377 per active participant

GP3 Partners, LLC'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$52,957
POLLARD & ASSOCIATES, INC. · Pension consulting · Other services$5,075
NFP RETIREMENT · 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 history3
2024$58,032 · 0.25%
2023$45,617 · 0.26%
2022$35,561 · 0.23%
Same employer
Similar plansProfessional & Technical Services · Virginia
Geneva Software, Inc. VA$26.4M · 0.13%
Envisioneering, Inc. VA$26.3M · 0.29%
Anavation LLC VA$26.3M · 0.02%
Prism Maritime, LLC VA$26.2M · 0.61%
Assyst, Inc. VA$26.2M · 0.01%
Bai Inc VA$26.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844083248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.