Gep Administrative Services, LLC 401(k) Review & Grade
Gep Administrative Services Savings & Profit Sharing 401(k) Plan
Burbank, CAAdministrative, Support & Staffing Services878 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,904Employer $ per active participant
$8,336Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$199.8MNet plan assets, end of year
$180,180Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 53th |
| Employee saving | 92th |
| Peers that auto-enroll | 27% |
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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 ($416 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
- Gep Administrative Services put in about $1,904 per active participant, more than the typical peer ($712). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,672,377 |
| Participant (employee) contributions | $7,323,520 |
| Other contributions (incl. rollovers in) | $589,950 |
| Administrative expenses paid from the plan | $425,052 |
| Contract administrator fees | $336,332 |
| Investment advisory & management fees | $65,720 |
| Benefits paid out | $39,061,340 |
| Net assets, start / end of year | $204.3M / $199.8M |
| Active participants, start / end of year | 897 / 860 |
| Participants with account balances | 1,109 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $336,209 reported compensation |
| Bfsg, LLC | $60,000 reported compensation |
| Baker Tilly US, LLP | $23,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003183327NAL0000960147001, received 2025-10-03, EIN 73-1692325, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.