Plan Ledger DOL Form 5500 · updated monthly

Gtm Wholesale Liquidators, Inc.401(k)

GTM WHOLESALE LIQUIDATORS, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

Gtm Wholesale Liquidators, Inc. reported $42,015 in plan administrative expenses for 2023: 0.80% of average plan assets, above the peer median. Employer contributions averaged $767 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 0.62% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (6,794th of 9,483), and 3,583rd of 5,215 in retail trade. In 2023, employees put in $2.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,659,484
Participants with balances135
Active participants125
Employer contributions$95,936
Employee contributions$239,050
Employer contribution per active participant$767
Average account balance$41,922
Benefits paid to participants$146,416
Plan auditUnmodified (clean) audit opinion
AuditorLAVINE, LOFGREN, MORRIS & ENGELBERG
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 133 accts · $89K emplr
2023$5.7M · 135 accts · $96K emplr
2022$4.8M · 121 accts · $87K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$39,744
Investment management$2,271
Total administrative$42,015
The Gtm Wholesale Liquidators, Inc. 401(k) match · 2023
Employer contribution per active participant$767
Median for plans this size$1,308
2024$704 per active participant
2023$767 per active participant
2022$681 per active participant

Gtm Wholesale Liquidators, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,430
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (participants)$2,271

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$37,502 · 0.68%
2023$42,015 · 0.80%
2022$31,647 · 0.62%
Similar plansRetail Trade · California
Plaza Motors, Inc CA$5.7M · 0.22%
Trimon, Inc. CA$5.7M · 0.70%
Sangera Automotive Group CA$5.6M · 0.60%
Avalon Apparel, LLC CA$5.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330030985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.