Gensco, Inc. 401(k) Review & Grade
Gensco Profit Sharing 401(k) Plan
Tacoma, WAWholesale Trade956 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,713Employer $ per active participant
$4,628Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$153.8MNet plan assets, end of year
$114,449Average balance per account
Score breakdown
- Employer generosity47.0 / 5094th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 72th |
| Employee saving | 49th |
| Peers that auto-enroll | 53% |
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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
- Gensco put in about $6,713 per active participant, more than the typical peer ($1,792). 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.
- 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 | $6,413,962 |
| Participant (employee) contributions | $4,421,794 |
| Other contributions (incl. rollovers in) | $18,869 |
| Administrative expenses paid from the plan | $161,038 |
| Benefits paid out | $13,396,706 |
| Net assets, start / end of year | $143.9M / $153.8M |
| Active participants, start / end of year | 932 / 979 |
| Participants with account balances | 1,344 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sabey CPA, PLLC |
Largest service providers (Schedule C)
| Nwps | $112,548 reported compensation |
| Charles Schwab Bank | $34,740 reported compensation |
| Sabey CPA, LLC | $13,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260116152732NAL0017666049001, received 2026-01-16, EIN 91-0539873, plan #001, plan year 2024-05-01 to 2025-04-30. Verify at efast.dol.gov.