Goldbelt, Incorporated 401(k) Review & Grade
Goldbelt 401(k) Plan
Juneau, AKTransportation & Warehousing1,930 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,706Employer $ per active participant
$5,298Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$79.7MNet plan assets, end of year
$36,811Average balance per account
Score breakdown
- Employer generosity40.5 / 5081th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 42th |
| Employee saving | 76th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,157,486 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Goldbelt, Incorporated put in about $2,706 per active participant, more than the typical peer ($1,070). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,223,781 |
| Participant (employee) contributions | $10,227,192 |
| Other contributions (incl. rollovers in) | $1,520,440 |
| Administrative expenses paid from the plan | $213,040 |
| Investment advisory & management fees | $45,000 |
| Benefits paid out | $14,614,510 |
| Net assets, start / end of year | $67.8M / $79.7M |
| Active participants, start / end of year | 1,755 / 2,106 |
| Participants with account balances | 2,166 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Nwps | $135,869 reported compensation |
| Kestra Advisory Services, LLC | $45,000 reported compensation |
| Charles Schwab Trust Bank | $32,171 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015103237NAL0005966976001, received 2025-10-15, EIN 92-0045465, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.