Gatx Corporation 401(k) Review & Grade
Gatx Corporation Salaried Employees Retirement Savings Plan
Chicago, ILManagement of Companies657 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,208Employer $ per active participant
$12,566Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$240.4MNet plan assets, end of year
$236,333Average balance per account
Score breakdown
- Employer generosity38.9 / 5078th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 99th |
| Employee saving | 91th |
| Peers that auto-enroll | 58% |
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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
- Gatx put in about $5,208 per active participant, more than the typical peer ($2,492). 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 | $3,421,816 |
| Participant (employee) contributions | $8,255,603 |
| Other contributions (incl. rollovers in) | $1,080,729 |
| Administrative expenses paid from the plan | $6,288 |
| Benefits paid out | $21,706,183 |
| Net assets, start / end of year | $213.6M / $240.4M |
| Active participants, start / end of year | 629 / 685 |
| Participants with account balances | 1,017 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $6,288 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002141508NAL0000929664001, received 2025-10-02, EIN 36-1124040, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.