GBT US LLC 401(k) Review & Grade
GBT 401(k) Plan
New York, NYFinance & Insurance4,961 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,463Employer $ per active participant
$5,849Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$470.7MNet plan assets, end of year
$94,347Average balance per account
Score breakdown
- Employer generosity8.8 / 5018th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 55th |
| Employee saving | 19th |
| Peers that auto-enroll | 66% |
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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
- GBT US put in about $2,463 per active participant, below the typical peer ($4,489). 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.
- 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.
- 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 | $12,217,809 |
| Participant (employee) contributions | $29,017,382 |
| Other contributions (incl. rollovers in) | $7,015,552 |
| Administrative expenses paid from the plan | $468,985 |
| Other admin expenses | $70 |
| Benefits paid out | $38,753,959 |
| Net assets, start / end of year | $410.2M / $470.7M |
| Active participants, start / end of year | 5,127 / 4,795 |
| Participants with account balances | 4,989 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $468,915 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003093635NAL0000729907001, received 2025-10-03, EIN 46-3619383, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.