Gulf Stream Marine, Inc. 401(k) Review & Grade
Gulf Stream Marine, Inc. 401(k) Plan
Houston, TXTransportation & Warehousing853 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$808Employer $ per active participant
$1,598Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$17.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost13.9 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 56th |
| Employee saving | 24th |
| Peers that auto-enroll | 37% |
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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
- Gulf Stream Marine put in about $808 per active participant, below the typical peer ($1,070). 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.
- 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 | $689,344 |
| Participant (employee) contributions | $1,363,327 |
| Other contributions (incl. rollovers in) | $391 |
| Administrative expenses paid from the plan | $31,530 |
| Investment advisory & management fees | $31,378 |
| Benefits paid out | $1,234,766 |
| Net assets, start / end of year | $15.3M / $17.8M |
| Active participants, start / end of year | 670 / 1,036 |
| Participants with account balances | 283 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Abip, PC |
Largest service providers (Schedule C)
| LPL Financial LLC | $31,378 reported compensation |
| Fidelity Investments Institutional | $152 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152619NAL0004984625001, received 2025-10-15, EIN 76-0327304, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.