Gulfside Supply, Inc. DBA Gulfeagle Supply 401(k) Review & Grade
Gulfeagle Supply 401(k) Profit Sharing Plan
Tampa, FLWholesale Trade1,568 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$705Employer $ per active participant
$2,661Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$55.5MNet plan assets, end of year
$36,559Average balance per account
Score breakdown
- Employer generosity6.7 / 5013th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1518th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 59th |
| Employee saving | 18th |
| Peers that auto-enroll | 53% |
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
Blackout notice: the plan had a blackout period (when you can't change investments) without confirming the required notice.
What to do if you're in this plan
- Gulfside Supply, Inc. DBA Gulfeagle Supply put in about $705 per active participant, below the typical peer ($1,792). 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.
- 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 | $1,105,158 |
| Participant (employee) contributions | $4,173,898 |
| Other contributions (incl. rollovers in) | $5,302,955 |
| Administrative expenses paid from the plan | $88,704 |
| Investment advisory & management fees | $35,665 |
| Benefits paid out | $7,489,075 |
| Net assets, start / end of year | $46.3M / $55.5M |
| Active participants, start / end of year | 1,490 / 1,647 |
| Participants with account balances | 1,519 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpa's |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $53,039 reported compensation |
| Empower Advisory Group, LLC | $25,281 reported compensation |
| Onedigital Investment Advisors LLC | $10,384 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014171849NAL0003487665001, received 2025-10-14, EIN 59-1431473, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.