Plan Ledger DOL Form 5500 · updated monthly

Gulbrandsen Chemicals, Inc.401(k)

GULBRANDSEN COMPANIES RETIREMENT SAVINGS PLAN · ORANGEBURG, SC · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Gulbrandsen Chemicals, Inc. reported $91,454 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $5,119 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 3 years on file its reported administrative ratio has held roughly steady near 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 238th-largest of 807 plans among South Carolina employers on file, and the 5,436th of 13,661 in manufacturing. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has shrunk from 116 to 96 since 2022.

Plan summary
Net assets, end of year$22,873,086
Participants with balances131
Active participants96
Employer contributions$491,446
Employee contributions$845,964
Employer contribution per active participant$5,119
Average account balance$174,604
Benefits paid to participants$716,029
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 131 accts · $491K emplr
2023$19.1M · 156 accts · $509K emplr
2022$16.9M · 150 accts · $469K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,454
Total administrative$91,454
The Gulbrandsen Chemicals, Inc. 401(k) match · 2024
Employer contribution per active participant$5,119
Median for plans this size$2,416
2024$5,119 per active participant
2023$4,547 per active participant
2022$4,039 per active participant

Gulbrandsen Chemicals, Inc.'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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$91,454

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$91,454 · 0.44%
2023$99,333 · 0.55%
2022$81,184 · 0.43%
Similar plansManufacturing · South Carolina
Polydeck Screen Corporation SC$24.4M · 0.30%
Hamrick Mills, Inc. SC$24.1M · 0.13%
The Sefa Group, Inc. SC$21.6M · 0.18%
Constantia Blythewood LLC SC$21.6M · 0.11%
Metglas Inc SC$21.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570881658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.