G.a.l. Manufacturing Company, LLC 401(k) Review & Grade
The Vantage Group Retirement Plan
Bronx, NYManufacturing557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,953Employer $ per active participant
$5,897Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$30.6MNet plan assets, end of year
$40,690Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 92th |
| Employee saving | 62th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,205 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- G.a.l. Manufacturing Company put in about $4,953 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,758,913 |
| Participant (employee) contributions | $3,284,796 |
| Other contributions (incl. rollovers in) | $22,131 |
| Administrative expenses paid from the plan | $8,800 |
| Contract administrator fees | $7,000 |
| Other admin expenses | $1,800 |
| Benefits paid out | $2,730,273 |
| Net assets, start / end of year | $23.8M / $30.6M |
| Active participants, start / end of year | 545 / 569 |
| Participants with account balances | 753 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rogoff & Company PC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $8,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140329NAL0009619970001, received 2025-10-15, EIN 82-1717242, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.