Plan Ledger DOL Form 5500 · updated monthly

Gainwell Acquisition Corp.401(k)

GAINWELL TECHNOLOGIES 401(K) PLAN · CONWAY, AK · plan year 2024

Reported admin expense ratio · 2024
0.14%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Gainwell Acquisition Corp. reported $867,530 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,834 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 4 years on file its reported administrative ratio rose from 0.00% to 0.14%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2nd-largest of 160 plans among Alaska employers on file, and the 254th of 11,654 in professional & technical services. In 2024, employees put in $3.61 for every $1.00 the employer contributed; active participation has grown from 7,216 to 11,437 since 2020.

Plan summary
Net assets, end of year$691,328,589
Participants with balances12,246
Active participants11,437
Employer contributions$20,980,468
Employee contributions$75,698,900
Employer contribution per active participant$1,834
Average account balance$56,453
Benefits paid to participants$58,859,571
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$691.3M · 12,246 accts · $21.0M emplr
2023$559.4M · 11,476 accts · $19.4M emplr
2022$424.4M · 11,109 accts · $18.6M emplr
2020$131.4M · 6,270 accts · $10.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$660,835
Investment management$141,695
Total administrative$867,530
The Gainwell Acquisition Corp. 401(k) match · 2024
Employer contribution per active participant$1,834
Median for plans this size$4,294
2024$1,834 per active participant
2023$1,780 per active participant
2022$1,753 per active participant
2020$1,430 per active participant

Gainwell Acquisition Corp.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$644,585
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$141,695
MERCER INVESTMENTS LLC · Consulting · Investment advisory (plan)$48,750

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2024$867,530 · 0.14%
2023$818,565 · 0.17%
2022$804,336 · 0.25%
2020$3,650 · 0.00%
Same employer
Similar plansProfessional & Technical Services · Alaska
Eisner Advisory Group, LLC NY$699.3M · 0.06%
A. T. Kearney, Inc. IL$698.2M · 0.00%
Crowell & Moring LLP DC$694.9M · 0.03%
Fenwick & West LLP CA$686.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851850812 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.