Plan Ledger DOL Form 5500 · updated monthly

Gulfside Supply, Inc. dba Gulfeagle Supply401(k)

GULFEAGLE SUPPLY 401(K) PROFIT SHARING PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Gulfside Supply, Inc. dba Gulfeagle Supply reported $88,704 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $671 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 0.16% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 507th-largest of 3,644 plans among Florida employers on file, and the 727th of 4,246 in wholesale trade. In 2024, employees put in $3.78 for every $1.00 the employer contributed; active participation has grown from 872 to 1,647 since 2022.

Plan summary
Net assets, end of year$55,532,397
Participants with balances1,519
Active participants1,647
Employer contributions$1,105,158
Employee contributions$4,173,898
Employer contribution per active participant$671
Average account balance$36,559
Benefits paid to participants$7,489,075
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$55.5M · 1,519 accts · $1.1M emplr
2023$46.3M · 1,008 accts · $586K emplr
2022$39.8M · 982 accts · $604K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,039
Investment management$35,665
Total administrative$88,704
The Gulfside Supply, Inc. dba Gulfeagle Supply 401(k) match · 2024
Employer contribution per active participant$671
Median for plans this size$3,635
2024$671 per active participant
2023$643 per active participant
2022$693 per active participant

Gulfside Supply, Inc. dba Gulfeagle Supply's 2024 employer contribution ran below the $3,635 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
EMPOWER ADVISORY GROUP, LLC · Investment management$25,281
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$10,384

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$88,704 · 0.17%
2023$109,866 · 0.26%
2022$72,160 · 0.16%
Same employer
Similar plansWholesale Trade · Florida
Suzuki Marine USA, LLC FL$62.4M · 0.06%
Man Capital Corporation FL$56.3M · 0.06%
Eastern Metal Supply, Inc. FL$49.5M · 0.43%
J & B Importers, Inc. FL$47.4M · 0.06%
McNichols Company FL$46.0M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591431473 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.