Tony Gullo Motors, I, LP 401(k) Review & Grade
Gullo Companies 401(k) Savings Plan · d/b/a Gullo Toyota of Conroe
Conroe, TXRetail Trade517 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,380Employer $ per active participant
$5,607Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$41.5MNet plan assets, end of year
$71,023Average balance per account
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 16th |
| Employee saving | 89th |
| Peers that auto-enroll | 48% |
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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
- Tony Gullo Motors, I, LP put in about $1,380 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.64% 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 | $713,352 |
| Participant (employee) contributions | $2,898,833 |
| Other contributions (incl. rollovers in) | $100,988 |
| Administrative expenses paid from the plan | $244,895 |
| Contract administrator fees | $95,546 |
| Investment advisory & management fees | $119,349 |
| Benefits paid out | $2,920,721 |
| Net assets, start / end of year | $35.3M / $41.5M |
| Active participants, start / end of year | 509 / 525 |
| Participants with account balances | 585 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clayborn Accounting and Financial |
Largest service providers (Schedule C)
| Nylife Securities LLC | $119,349 reported compensation |
| John Hancock | $95,546 reported compensation |
| Clayborn Accounting & Fin Svcs Inc. | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014125757NAL0004021776001, received 2025-10-14, EIN 76-0561851, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.