Gene B. Glick Company, Inc. 401(k) Review & Grade
Gene B. Glick Company, Inc. Retirement Plan
Indianapolis, INConstruction738 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,510Employer $ per active participant
$3,428Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$61.0MNet plan assets, end of year
$98,245Average balance per account
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 64th |
| Employee saving | 42th |
| Peers that auto-enroll | 44% |
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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
- Gene B. Glick Company put in about $2,510 per active participant, more than the typical peer ($1,672). 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.
- 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 | $1,853,547 |
| Participant (employee) contributions | $2,531,347 |
| Other contributions (incl. rollovers in) | $220,062 |
| Administrative expenses paid from the plan | $86,731 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $9,855 |
| Benefits paid out | $6,777,566 |
| Net assets, start / end of year | $59.8M / $61.0M |
| Active participants, start / end of year | 695 / 782 |
| Participants with account balances | 621 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $66,126 reported compensation |
| Katz Sapper and Miller | $10,750 reported compensation |
| Strategic Advisors, Inc. | $9,855 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251029093557NAL0001570834001, received 2025-10-29, EIN 35-0924178, plan #001, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.