G P Transportation Co. 401(k) Review & Grade
G P & Subsidiaries 401(k) Plan
Joliet, ILTransportation & Warehousing572 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$571Employer $ per active participant
$1,128Employee $ saved per active participant
1.47%Direct admin cost, % of plan assets
$5.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.1 / 5030th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 3th |
| Employee saving | 15th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- G P Transportation put in about $571 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (1.47% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $327,004 |
| Participant (employee) contributions | $645,630 |
| Other contributions (incl. rollovers in) | $375,754 |
| Administrative expenses paid from the plan | $68,733 |
| Benefits paid out | $672,737 |
| Net assets, start / end of year | $4.1M / $5.3M |
| Active participants, start / end of year | 586 / 559 |
| Participants with account balances | 173 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz Sapper and Miller LLP |
Largest service providers (Schedule C)
| Unique Wealth Strategies | $23,377 reported compensation |
| John Hancock Life Insurance | $3,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013131654NAL0000643315001, received 2025-10-13, EIN 20-5147766, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.