Plan Ledger DOL Form 5500 · updated monthly

Gully Transportation, Inc.401(k)

GULLY ICX 401(K) PLAN · QUINCY, IL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Gully Transportation, Inc. reported $20,825 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,160 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 0.01% to 0.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Illinois (2,608th of 3,702), and the 1,291st of 2,677 in transportation & warehousing. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,019,894
Participants with balances189
Active participants286
Employer contributions$331,621
Employee contributions$545,538
Employer contribution per active participant$1,160
Average account balance$42,433
Benefits paid to participants$662,491
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 189 accts · $332K emplr
2023$7.1M · 175 accts · $310K emplr
2022$5.8M · 126 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,825
Total administrative$20,825
The Gully Transportation, Inc. 401(k) match · 2024
Employer contribution per active participant$1,160
Median for plans this size$1,313
2024$1,160 per active participant
2023$996 per active participant
2022$754 per active participant

Gully Transportation, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
FORVIS MAZARS, LLP · Accounting / audit$20,050
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$3,025

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$20,825 · 0.28%
2023$20,519 · 0.32%
2022$650 · 0.01%
Same employer
Similar plansTransportation & Warehousing · Illinois
Richard McNay, Inc. IL$8.3M · 0.45%
Midwest Transport, Inc. IL$8.2M · 1.16%
Loadsmart, Inc. IL$8.1M · 0.36%
Rjw Logistics, Inc. IL$8.0M · 1.37%
Rt&T Enterprises IL$7.5M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370646764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.