Plan Ledger DOL Form 5500 · updated monthly

Gulf Air Group, Inc.401(k)

GULF AIR GROUP, INC. 401(K) RETIREMENT PLAN · CRESTVIEW, FL · plan year 2025

Reported admin expense ratio · 2025
0.25%

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

Gulf Air Group, Inc. reported $69,178 in plan administrative expenses for 2025: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,605 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 fell from 0.32% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 804th-largest of 3,644 plans among Florida employers on file, and the 547th of 2,677 in transportation & warehousing. In 2025, employees put in $2.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,425,769
Participants with balances128
Active participants121
Employer contributions$557,246
Employee contributions$1,648,912
Employer contribution per active participant$4,605
Average account balance$237,701
Benefits paid to participants$2,061,519
Plan auditUnmodified (clean) audit opinion
AuditorHACKER JOHNSON & SMITH PA
Plan history4
Yearassets · accounts · employer contribution
2025$30.4M · 128 accts · $557K emplr
2024$25.6M · 129 accts · $540K emplr
2023$21.8M · 121 accts · $486K emplr
2022$17.6M · 124 accts · $660K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$33,247
Investment management$35,931
Total administrative$69,178
The Gulf Air Group, Inc. 401(k) match · 2025
Employer contribution per active participant$4,605
Median for plans this size$2,666
2025$4,605 per active participant
2024$4,538 per active participant
2023$4,420 per active participant
2022$5,841 per active participant

Gulf Air Group, Inc.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$35,931
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$33,247

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

Administrative cost history4
2025$69,178 · 0.25%
2024$63,976 · 0.27%
2023$60,082 · 0.30%
2022$61,510 · 0.32%
Same employer
Similar plansTransportation & Warehousing · Florida
Agi-Cfi Holdings, Inc. FL$34.3M · 0.52%
Amports, Inc. FL$26.4M · 0.31%
John J Jerue Truck Broker FL$25.2M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592821261 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.