Global Paratransit, Inc 401(k) Review & Grade
Global Paratransit, Inc 401(k) Profit Sharing Plan and Trust
Gardena, CATransportation & Warehousing531 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$36Employer $ per active participant
$264Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$1.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.3 / 505th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 57th |
| Employee saving | 2th |
| 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
- Global Paratransit put in about $36 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.
- 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 | $19,250 |
| Participant (employee) contributions | $140,170 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $2,194 |
| Investment advisory & management fees | $80 |
| Benefits paid out | $77,588 |
| Net assets, start / end of year | $1.1M / $1.3M |
| Active participants, start / end of year | 529 / 533 |
| Participants with account balances | 113 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tax & Business Consulting Group |
Largest service providers (Schedule C)
| Adp, Inc. | $2,194 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141648NAL0009674562001, received 2025-10-15, EIN 95-4839157, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.