Plan Ledger DOL Form 5500 · updated monthly

Gulf Regional Early Childhood Services401(k)

GULF REGIONAL EARLY CHILDHOOD SERVICES PROGRESS SHARING & 401(K) PLAN · MOBILE, AL · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Gulf Regional Early Childhood Services reported $22,778 in plan administrative expenses for 2023: 0.63% of average plan assets, above the peer median. Employer contributions averaged $2,690 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 0.49% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (670th of 902), and 8,489th of 11,911 in health care & social assistance. In 2023, the employer put in $1.73 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,094,523
Participants with balances138
Active participants105
Employer contributions$282,399
Employee contributions$163,093
Employer contribution per active participant$2,690
Average account balance$29,670
Benefits paid to participants$194,105
Plan auditUnmodified (clean) audit opinion
AuditorSMITH, DUKES & BUCKALEW, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 121 accts · $181K emplr
2023$4.1M · 138 accts · $282K emplr
2022$3.1M · 146 accts · $334K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,778
Total administrative$22,778
The Gulf Regional Early Childhood Services 401(k) match · 2023
Employer contribution per active participant$2,690
Median for plans this size$1,308
2024$1,631 per active participant
2023$2,690 per active participant
2022$3,012 per active participant

Gulf Regional Early Childhood Services's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ECONOMIC GROUP PENSION SERVICES INC · Contract administrator$5,690
WELLS FARGO ADVISORS FINANCIAL NETindirect 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$27,067 · 0.71%
2023$22,778 · 0.63%
2022$13,763 · 0.49%
Similar plansHealth Care & Social Assistance · Alabama
Sasser Enterprises, Inc. AL$4.3M · 1.01%
Stonecreek Services, LLC AL$4.1M · 1.54%
Qchc Management Services AL$3.8M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631056487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.