Plan Ledger DOL Form 5500 · updated monthly

Gulfstream Goodwill IndustriesDC plan

403(B) THRIFT PLAN OF GULFSTREAM GOODWILL INDUSTRIES, INC. · WEST PALM BEACH, FL · plan year 2023

Reported admin expense ratio · 2023
1.14%

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

Gulfstream Goodwill Industries reported $95,101 in plan administrative expenses for 2023: 1.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $481 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 0.09% to 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Florida (1,904th of 3,644), and 1,767th of 3,341 in other services. In 2023, employees put in $1.98 for every $1.00 the employer contributed; active participation has shrunk from 1,152 to 751 since 2022.

Plan summary
Net assets, end of year$8,923,803
Participants with balances820
Active participants751
Employer contributions$361,447
Employee contributions$714,694
Employer contribution per active participant$481
Average account balance$10,883
Benefits paid to participants$1,110,325
Plan auditUnmodified (clean) audit opinion
AuditorMSL, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 508 accts · $190K emplr
2023$8.9M · 820 accts · $361K emplr
2022$7.7M · 836 accts · $258K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$61,976
Investment management$4,098
Total administrative$95,101
Employer contributions to the Gulfstream Goodwill Industries plan · 2023
Employer contribution per active participant$481
Median for plans this size$1,308
2024$280 per active participant
2023$481 per active participant
2022$224 per active participant

Gulfstream Goodwill Industries's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MUTUAL OF AMERICA SEC. CORP LLC · Claims processing · Recordkeeping$61,976

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$83,531 · 0.97%
2023$95,101 · 1.14%
2022$7,595 · 0.09%
Same employer
Similar plansOther Services · Florida
Alliance for Aging, Inc. FL$9.4M · 0.02%
Lost Tree Club, Inc. FL$9.4M · 0.45%
Wash Depot Holdings, Inc. FL$8.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591197040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.