Gold Cross Services Inc. 401(k) Review & Grade
Gold Cross Services, Inc. 401(k) Retirement Savings Plan
Salt Lake City, UTHealth Care & Social Assistance563 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$596Employer $ per active participant
$2,981Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$15.0MNet plan assets, end of year
$17,795Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 24th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Gold Cross Services put in about $596 per active participant, below the typical peer ($976). 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 (0.49% 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.
- 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 | $335,671 |
| Participant (employee) contributions | $1,678,354 |
| Other contributions (incl. rollovers in) | $20,840 |
| Administrative expenses paid from the plan | $66,277 |
| Investment advisory & management fees | $37,330 |
| Other admin expenses | $21,757 |
| Benefits paid out | $642,014 |
| Net assets, start / end of year | $12.1M / $15.0M |
| Active participants, start / end of year | 547 / 579 |
| Participants with account balances | 842 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tanner LLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $37,330 reported compensation |
| Empower Annuity Insurance Company O | $7,190 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829124214NAL0006211155001, received 2025-08-29, EIN 87-0277106, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.