Plan Ledger DOL Form 5500 · updated monthly

Gbs CorpESOP

GBS CORP & SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN & TRUST · NORTH CANTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Gbs Corp reported $39,779 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,845 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 2 years on file its reported administrative ratio rose from 0.032% to 0.034%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 322nd-largest of 3,295 plans among Ohio employers on file, and the 353rd of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$121,910,393
Participants with balances209
Active participants200
Employer contributions$1,168,972
Employee contributions—
Employer contribution per active participant$5,845
Average account balance$583,303
Benefits paid to participants$12,824,783
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$121.9M · 209 accts · $1.2M emplr
2023$110.9M · 196 accts · $1.1M emplr
2022$102.0M · 206 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$14,279
Total administrative$39,779
Employer contributions to the Gbs Corp plan · 2024
Employer contribution per active participant$5,845
Median for plans this size$3,635
2024$5,845 per active participant
2023$5,882 per active participant
2022$5,279 per active participant

Gbs Corp's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20242
CHARTWELL FINANCIAL ADVISORY, INC. · Valuation$25,500
CLIFTONLARSONALLEN LLP · Accounting / audit$14,279

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

Administrative cost history3
2024$39,779 · 0.03%
2023$41,080 · 0.04%
2022$33,035 · 0.03%
Same employer
Similar plansWholesale Trade · Ohio
Atlas Steel Products Company OH$140.5M · 0.01%
Green Dot Corporation OH$134.7M · 0.08%
Gosiger Holdings, Inc. OH$101.6M · 0.17%
Buyers Products Company OH$100.8M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341084079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.