Plan Ledger DOL Form 5500 · updated monthly

United Gilsonite Laboratories401(k)

UNITED GILSONITE LABORATORIES SAVINGS AND PROFIT SHARING PLAN · SCRANTON, PA · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

United Gilsonite Laboratories reported $67,380 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $3,800 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 1 year on file its reported administrative ratio rose from 0.13% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,303rd-largest of 3,651 plans among Pennsylvania employers on file, and the 4,966th of 13,661 in manufacturing. In 2023, employees put in $1.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,163,003
Participants with balances200
Active participants155
Employer contributions$589,001
Employee contributions$641,681
Employer contribution per active participant$3,800
Average account balance$130,815
Benefits paid to participants$3,262,684
Plan auditUnmodified (clean) audit opinion
AuditorJOSEPH M ALU AND ASSOCIATES, PC
Plan history2
Yearassets · accounts · employer contribution
2023$26.2M · 200 accts · $589K emplr
2022$24.1M · 222 accts · $581K emplr
The United Gilsonite Laboratories 401(k) match · 2023
Employer contribution per active participant$3,800
Median for plans this size$2,440
2023$3,800 per active participant
2022$3,415 per active participant

United Gilsonite Laboratories's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$9,625
PNC BANK · Consulting$59,330

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

Administrative cost history2
2023$67,380 · 0.27%
2022$34,503 · 0.13%
Similar plansManufacturing · Pennsylvania
Tyndale Enterprises, Inc. PA$26.4M · 0.50%
Ox Paper Tube & Core, LLC PA$26.4M · 0.35%
Composidie, Inc. PA$26.1M · 0.10%
Lift-All Company Inc PA$25.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 240747530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.