Gai Consultants, Inc. 401(k) Review & Grade
Gai Consultants Inc. 401(k) Plan
Homestead, PAProfessional, Scientific & Technical Services922 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,441Employer $ per active participant
$7,528Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$116.0MNet plan assets, end of year
$96,465Average balance per account
Score breakdown
- Employer generosity28.4 / 5057th percentile for employer $ per participant
- Low cost13.7 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 55th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
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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 ($34,357 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,011 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Gai Consultants put in about $3,441 per active participant, more than the typical peer ($3,082). 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 | $3,172,542 |
| Participant (employee) contributions | $6,940,709 |
| Other contributions (incl. rollovers in) | $1,392,653 |
| Administrative expenses paid from the plan | $219,018 |
| Investment advisory & management fees | $172,677 |
| Benefits paid out | $19,293,714 |
| Net assets, start / end of year | $107.6M / $116.0M |
| Active participants, start / end of year | 854 / 990 |
| Participants with account balances | 1,203 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs and Ingram |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $90,297 reported compensation |
| Schwab Retirement Plan Services,inc | $46,563 reported compensation |
| Empower Annuity Insurance Company | $34,034 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251119091623NAL0003746961001, received 2025-11-19, EIN 25-1260999, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.