G2 Secure Staff 401(k) match, vesting and fees
What G2 Secure Staff's 401(k) plan says about matching contributions
The Company will match an amount equal to 10% of participant contributions up to the first 3% of a participant’s eligible compensation for service organization employees and 50% of participant contributions up to the first 3% of a participant’s eligible compensation for administration employees. The Company may also make discretionary match contributions. No discretionary contributions were made during the years ended December 31, 2024 and 2023.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 30 ↗ |
| Roth contributions | In addition, participants may contribute designated Roth (after tax) contributions. | Audit report, p. 30 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1,000 up to a maximum amount equal to the lesser of $50,000 or 50% of their account balances. Loan terms range up to five years, or longer for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing rates as determined by the Company. | Audit report, p. 31 ↗ |
| Recordkeeper | ADP, Inc. | Schedule C ↗ |
| Independent auditor | Whitley Penn LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 267 defined-contribution plans in transportation and warehousing with 1,000 to 4,999 participants.
| G2 Secure Staff: employer contribution per participant | $183 | |
| Peer median | $1,880 |
| G2 Secure Staff: average balance | $8,818 | |
| Peer median | $51,904 |
| G2 Secure Staff: admin expenses ÷ assets | 1.90% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $14.5M at the end of plan year 2023 to $19.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 9,585 | $19.7M | $408K | $183 | 1.90% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 8,374 | $14.5M | $350K | $176 | 2.11% | Not published | Form 5500 ↗ |
Common questions
Does G2 Secure Staff match 401(k) contributions?
The audit report attached to the G2 Secure Staff, L.L.C. Employees Savings Trust's plan year 2024 Form 5500, page 30 says: “The Company will match an amount equal to 10% of participant contributions up to the first 3% of a participant’s eligible compensation for service organization employees and 50% of participant contributions up to the first 3% of a participant’s eligible compensation for administration employees. The Company may also make discretionary match contributions. No discretionary contributions were made during the years ended December 31, 2024 and 2023.” Plan terms may have changed; check your current Summary Plan Description.
When is the G2 Secure Staff 401(k) match vested?
The vesting schedule for the G2 Secure Staff, L.L.C. Employees Savings Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the G2 Secure Staff 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is ADP, Inc.. The plan administrator is G2 Secure Staff, L.L.C..
I left G2 Secure Staff. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (G2 Secure Staff, L.L.C., (972) 915-6979) or the recordkeeper, ADP, Inc.. The G2 Secure Staff old 401(k) page lists the contacts from every plan filing. Find an old G2 Secure Staff 401(k)
Data from the public Form 5500 annual reports G2 Secure Staff filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with G2 Secure Staff. Not financial advice. Report a correction · Methodology