Arthur J. Gallagher (illinios), LLC. 401(k) Review & Grade
Arthur J. Gallagher & Co. Employees Savings and Thrift Plan
Rolling Meadows, ILFinance & Insurance23,571 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,470Employer $ per active participant
$8,491Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$3.9BNet plan assets, end of year
$140,176Average balance per account
Score breakdown
- Employer generosity19.0 / 5038th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 88th |
| Employee saving | 41th |
| Peers that auto-enroll | 74% |
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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
- Arthur J. Gallagher (illinios) put in about $4,470 per active participant, below the typical peer ($5,179). 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 | $105,353,571 |
| Participant (employee) contributions | $200,139,998 |
| Other contributions (incl. rollovers in) | $102,191,715 |
| Administrative expenses paid from the plan | $884,939 |
| Investment advisory & management fees | $243,172 |
| Other admin expenses | $7,156 |
| Benefits paid out | $341,900,897 |
| Net assets, start / end of year | $3.2B / $3.9B |
| Active participants, start / end of year | 23,247 / 23,895 |
| Participants with account balances | 27,808 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fgmk, LLC |
| Employer stock held by plan | $400,819,184 |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $573,936 reported compensation |
| Empower Advisory Group, LLC | $243,172 reported compensation |
| Fgmk, LLC | $57,013 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015125701NAL0002327299002, received 2025-10-15, EIN 36-2481781, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.