Plan Ledger DOL Form 5500 · updated monthly

Guardian Bus Company, Inc.401(k)

GUARDIAN BUS COMPANY, INC. 401(K) PLAN · OZONE PARK, NY · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Guardian Bus Company, Inc. reported $22,351 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $261 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 fell from 1.62% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (4,630th of 5,648), and 1,747th of 2,677 in transportation & warehousing. In 2024, employees put in $4.39 for every $1.00 the employer contributed; active participation has grown from 500 to 578 since 2022.

Plan summary
Net assets, end of year$4,251,856
Participants with balances285
Active participants578
Employer contributions$150,705
Employee contributions$661,710
Employer contribution per active participant$261
Average account balance$14,919
Benefits paid to participants$390,853
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 285 accts · $151K emplr
2023$3.5M · 277 accts · $145K emplr
2022$2.7M · 264 accts · $127K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,351
Total administrative$22,351
The Guardian Bus Company, Inc. 401(k) match · 2024
Employer contribution per active participant$261
Median for plans this size$1,313
2024$261 per active participant
2023$262 per active participant
2022$255 per active participant

Guardian Bus Company, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$22,351
S B H U LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · 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$22,351 · 0.58%
2023$36,408 · 1.18%
2022$44,930 · 1.62%
Same employer
Similar plansTransportation & Warehousing · New York
Fire Island Ferries, Inc. NY$5.1M · 0.03%
Rolling V Bus Corp NY$4.2M · 0.84%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 464327167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.