Gunnison Company 401(k) Review & Grade
Gunnison Company 401 (K) Plan
Atlanta, GAAdministrative, Support & Staffing Services926 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$779Employer $ per active participant
$1,610Employee $ saved per active participant
1.06%Direct admin cost, % of plan assets
$10.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.1 / 5054th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 6th |
| Employee saving | 46th |
| Peers that auto-enroll | 27% |
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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
- Gunnison put in about $779 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (1.06% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $721,557 |
| Participant (employee) contributions | $1,491,690 |
| Other contributions (incl. rollovers in) | $10,047 |
| Administrative expenses paid from the plan | $107,361 |
| Contract administrator fees | $107,361 |
| Benefits paid out | $1,801,239 |
| Net assets, start / end of year | $9.4M / $10.9M |
| Active participants, start / end of year | 1,024 / 829 |
| Participants with account balances | 301 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $101,543 reported compensation |
| Voya Retirement Advisors, LLC | $5,823 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929125417NAL0010889633001, received 2025-09-29, EIN 84-4753326, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.