Retirement plan

GXO LOGISTICS 401(K) PLAN

Name: GXO ENTERPRISE SERVICES, LLC - GXO LOGISTICS 401(K) PLAN (2024) Form 5500
Creator: GXO ENTERPRISE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GXO LOGISTICS 401(K) PLAN, GXO ENTERPRISE SERVICES, LLC

GXO ENTERPRISE SERVICES, LLCEIN 86-2098312Plan #001PY 2024

TWO AMERICAN LANE - GREENWICH, CT 06831203-489-1287

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$438.3M

+5.6% from 2022

Total participants

23,412

-24.7% from 2022

Average account balance

$36,219

+21.8% from 2022

Annual return

19.72%

+14.71 pp from 2022

Benchmarks

See 1,248 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,248 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$438.25M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$36K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

12,100

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

48.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.72%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$78

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 15 · EIN 04-2647786	Recordkeeping	$846,157
MMA SECURITIES LLC1 year Service code 16 · EIN 52-2189187	Consulting	$52,500
KBF CPAS LLP1 year Service code 10 · EIN 82-1030164	Accounting	$28,000
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$19,383

Plan features & details

Pension benefit codes2F2G2J2K2T2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$947K

$43 / participant

Recordkeeping$846K89.3%
Investment mgmt$19K2.0%
Contract admin$1K0.1%
Other / not subdivided$81K8.5%

% of EOY assets

0.216%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KBF CPAS LLP
Auditor EIN: 821030164
Audit fees: $28,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,219

$106,553-66.0%

$69,632-48.0%

$106,553-66.0%

Participation rate

48.3%

69.8%-21.5pp

66.4%-18.1pp

69.8%-21.5pp

Annual return

19.72%

17.37%+2.4pp

101.32%-81.6pp

17.37%+2.4pp

Employer contribution / active EE

$998

$3,359-70.3%

$1,708-41.6%

$3,359-70.3%

Participant deferral / active EE

$2,203

$5,562-60.4%

$2,889-23.7%

$5,562-60.4%

Admin fee / account holder

$78

$80-1.7%

$4,695-98.3%

$80-1.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 15 · EIN 04-2647786

Recordkeeping

$846,157

MMA SECURITIES LLC1 year

Service code 16 · EIN 52-2189187

Consulting

$52,500

KBF CPAS LLP1 year

Service code 10 · EIN 82-1030164

Accounting

$28,000

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$19,383

GXO LOGISTICS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GXO LOGISTICS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion