GSC Enterprises, Inc 401(k) Review & Grade
GSC Enterprises, Inc 401(k) Plan
Sulphur Springs, TXWholesale Trade726 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,140Employer $ per active participant
$2,711Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$55.1MNet plan assets, end of year
$77,829Average balance per account
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 29th |
| Employee saving | 19th |
| Peers that auto-enroll | 53% |
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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 ($88 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,029 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- GSC Enterprises put in about $1,140 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.
- Direct plan expenses (0.42% 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.
- 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 | $827,811 |
| Participant (employee) contributions | $1,968,293 |
| Other contributions (incl. rollovers in) | $10,015 |
| Administrative expenses paid from the plan | $216,657 |
| Contract administrator fees | $71,965 |
| Investment advisory & management fees | $144,692 |
| Benefits paid out | $4,127,463 |
| Net assets, start / end of year | $49.2M / $55.1M |
| Active participants, start / end of year | 755 / 697 |
| Participants with account balances | 708 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | J Barry Kevil CPA |
Largest service providers (Schedule C)
| Raymond James Financial | $113,680 reported compensation |
| Ascensus LLC | $71,965 reported compensation |
| Mesirow | $26,276 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707093704NAL0008665554001, received 2025-07-07, EIN 75-1413801, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.