Department of Labor filing

GIL-BAR INDUSTRIES INC

GIL-BAR INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

71filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$8,633

Reported employer contributions per active participant.

Higher than about 94% of comparable plans

#People in the filing

323

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$330 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 18% of comparable plans

↗Investment performance

Not available

Plan assets changed 33.2%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202471out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions94th percentileTypical peer $1,990 · based on 1,102 comparable plans

Lower reported administrative expense18th percentileTypical peer $185 · based on 1,120 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, GIL-BAR INDUSTRIES INC reported $2,788,497 in employer contributions across the plan and 323 active participants. That works out to $8,633 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy53%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 62.7%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 43.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context71/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,788,497
Participant contributions: $5,022,049
Other contributions: $1,495,570
Employer share of reported contributions: 35.7%
Beginning assets: $42,279,363
Ending assets: $56,328,894
Ending net assets: $56,328,894
Ending liabilities: $0
Total income: $16,089,332
Total expenses: $2,620,234
Administrative expenses: $139,327
Participant loans: $445,748

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$5,307

2023

$1,371

2024

$8,633

Plan-paid administrative expenses per participant

2022

$580

2023

$252

2024

$330

Active participants

2022

127

2023

577

2024

323

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$8,633	323	56.3M	20251014152134NAL0006626514001
2023	$1,371	577	42.3M	20250729083956NAL0001443411001
2022	$5,307	127	15.4M	20231004080340NAL0013127907001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 112812363-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: May 15, 1987
Industry: Construction
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2S2T3D3H

Current plan terms

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Filing ACK_ID20251014152134NAL0006626514001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗