GT Services LLC 401(k) Review & Grade
GT Services LLC Savings and Investment Plan
Landsale, PAManufacturing910 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,750Employer $ per active participant
$9,620Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$174.5MNet plan assets, end of year
$150,978Average balance per account
Score breakdown
- Employer generosity43.5 / 5087th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 76th |
| Employee saving | 88th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $658 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- GT Services put in about $5,750 per active participant, more than the typical peer ($2,320). 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.
- 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 | $5,232,504 |
| Participant (employee) contributions | $8,754,192 |
| Other contributions (incl. rollovers in) | $1,141,930 |
| Administrative expenses paid from the plan | $150,300 |
| Contract administrator fees | $150,300 |
| Benefits paid out | $20,461,625 |
| Net assets, start / end of year | $157.4M / $174.5M |
| Active participants, start / end of year | 912 / 908 |
| Participants with account balances | 1,156 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| John Hancock | $150,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915102011NAL0000892417001, received 2025-09-15, EIN 46-4085232, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.