Plan Ledger DOL Form 5500 · updated monthly

Tony Gullo Motors, I, LP401(k)

GULLO COMPANIES 401(K) SAVINGS PLAN · CONROE, TX · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Tony Gullo Motors, I, LP reported $244,895 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,359 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 0.60% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,207th-largest of 5,688 plans among Texas employers on file, and the 761st of 5,215 in retail trade. In 2024, employees put in $4.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,548,352
Participants with balances585
Active participants525
Employer contributions$713,352
Employee contributions$2,898,833
Employer contribution per active participant$1,359
Average account balance$71,023
Benefits paid to participants$2,920,721
Plan auditUnmodified (clean) audit opinion
AuditorCLAYBORN ACCOUNTING AND FINANCIAL
Plan history3
Yearassets · accounts · employer contribution
2024$41.5M · 585 accts · $713K emplr
2023$35.3M · 558 accts · $673K emplr
2022$29.6M · 522 accts · $625K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,546
Investment management$119,349
Audit (IQPA)$30,000
Total administrative$244,895
The Tony Gullo Motors, I, LP 401(k) match · 2024
Employer contribution per active participant$1,359
Median for plans this size$2,416
2024$1,359 per active participant
2023$1,323 per active participant
2022$1,249 per active participant

Tony Gullo Motors, I, LP's 2024 employer contribution ran below the $2,416 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 · 20243
JOHN HANCOCK · Recordkeeping · Loan processing$95,546
NYLIFE SECURITIES LLC · Investment advisory (plan)$119,349
CLAYBORN ACCOUNTING & FIN SVCS INC. · Accounting / audit$30,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$244,895 · 0.64%
2023$185,900 · 0.57%
2022$193,677 · 0.60%
Similar plansRetail Trade · Texas
Prime Communications, L.P. TX$45.5M · 0.79%
Tuesday Morning, Inc. TX$42.9M · 0.07%
Soleo Health Holdings, Inc. TX$42.0M · 0.37%
Continental Cars, Inc. TX$39.6M · 0.30%
Script Care, LTD. TX$39.5M · 0.21%
Covert Buick, Inc. TX$39.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760561851 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.