Plan Ledger DOL Form 5500 · updated monthly

The Gateway Engineers, Inc401(k)

THE GATEWAY ENGINEERS, INC. PROFIT SHARING RETIREMENT & 401(K) PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

The Gateway Engineers, Inc reported $150,674 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $6,507 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 0.08% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 856th-largest of 3,651 plans among Pennsylvania employers on file, and the 2,962nd of 11,654 in professional & technical services. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has grown from 191 to 220 since 2022.

Plan summary
Net assets, end of year$45,670,026
Participants with balances276
Active participants220
Employer contributions$1,431,620
Employee contributions$1,882,811
Employer contribution per active participant$6,507
Average account balance$165,471
Benefits paid to participants$4,552,506
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.7M · 276 accts · $1.4M emplr
2023$41.1M · 283 accts · $1.5M emplr
2022$34.3M · 257 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,557
Investment management$66,998
Total administrative$150,674
The The Gateway Engineers, Inc 401(k) match · 2024
Employer contribution per active participant$6,507
Median for plans this size$2,416
2024$6,507 per active participant
2023$7,300 per active participant
2022$7,394 per active participant

The Gateway Engineers, Inc's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
OSAIC FS INC · Investment advisory (plan)$42,699
LPL FINANCIAL · Investment advisory (plan)$21,380
ENVESTNET RETIREMENT SOLUTIONS,LLC$8,297
EMPOWER ADVISORY GROUP, LLC · Investment management$2,919

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$150,674 · 0.35%
2023$126,747 · 0.34%
2022$31,364 · 0.08%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Genesis Engineers, Inc. PA$46.4M · 0.04%
Thomas, Thomas & Hafer, LLP PA$46.3M · 0.07%
Vertical Screen, Inc. PA$46.0M · 0.04%
Accuweather, Inc. PA$45.9M · 0.20%
Kta-Tator, Inc. PA$45.0M · 0.21%
Fortna Inc. PA$44.0M · 0.04%
Rawle & Henderson, LLP PA$43.8M · 0.07%
Valsource, Inc. PA$43.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251006946 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.