Gulliver Preparatory School, Inc. 401(k) Review & Grade
Gulliver Preparatory School, Inc. Employee Savings & Retirement Plan
Pinecrest, FLEducational Services574 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,326Employer $ per active participant
$5,109Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$53.0MNet plan assets, end of year
$107,774Average balance per account
Score breakdown
- Employer generosity37.8 / 5076th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 97th |
| Employee saving | 79th |
| 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
- Gulliver Preparatory School put in about $2,326 per active participant, more than the typical peer ($1,225). 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 | $1,335,068 |
| Participant (employee) contributions | $2,932,393 |
| Other contributions (incl. rollovers in) | $148,898 |
| Administrative expenses paid from the plan | $6,961 |
| Benefits paid out | $2,458,765 |
| Net assets, start / end of year | $45.5M / $53.0M |
| Active participants, start / end of year | 581 / 567 |
| Participants with account balances | 492 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Verdeja & De Armas, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $6,961 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008071611NAL0002823603001, received 2025-10-08, EIN 65-0900712, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.