Plan Ledger DOL Form 5500 · updated monthly

Gulftech International Inc.401(k)

GULFTECH RETIREMENT PLAN · CENTENNIAL, CO · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Gulftech International Inc. reported $303,218 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,028 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 140th-largest of 1,461 plans among Colorado employers on file, and the 2,032nd of 13,661 in manufacturing. In 2024, employees put in $1.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$90,962,133
Participants with balances555
Active participants419
Employer contributions$2,525,686
Employee contributions$2,969,944
Employer contribution per active participant$6,028
Average account balance$163,896
Benefits paid to participants$8,828,757
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,011
Investment management$61,489
Audit (IQPA)$129,718
Total administrative$303,218
The Gulftech International Inc. 401(k) match · 2024
Employer contribution per active participant$6,028
Median for plans this size$3,635

Gulftech International Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$91,794
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$20,050
DELOITTE & TOUCHE LLP · Accounting / audit$129,718
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$61,489

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

Administrative cost history1
2024$303,218 · 0.35%
Similar plansManufacturing · Colorado
Innospec, Inc. CO$116.5M · 0.09%
Wcm Industries, Inc. CO$107.7M · 0.03%
Translogic Corporation CO$102.8M · 0.14%
Viega, LLC CO$102.3M · 0.17%
Vaisala Inc. CO$85.9M · 0.16%
Otter Products, LLC CO$83.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841123343 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.