Plan Ledger DOL Form 5500 · updated monthly

Gcom Software LLC401(k)

GCOM SOFTWARE LLC 401K PLAN · COLUMBIA, MD · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Gcom Software LLC reported $158,832 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,225 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 fell from 0.43% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 228th-largest of 1,671 plans among Maryland employers on file, and the 1,926th of 11,654 in professional & technical services. In 2024, employees put in $2.43 for every $1.00 the employer contributed; active participation has grown from 407 to 799 since 2022.

Plan summary
Net assets, end of year$75,511,331
Participants with balances875
Active participants799
Employer contributions$3,375,980
Employee contributions$8,201,478
Employer contribution per active participant$4,225
Average account balance$86,299
Benefits paid to participants$2,513,565
Plan auditUnmodified (clean) audit opinion
AuditorLOMBARDO AYERS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$75.5M · 875 accts · $3.4M emplr
2023$56.8M · 804 accts · $2.5M emplr
2022$23.7M · 422 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$158,832
Total administrative$158,832
The Gcom Software LLC 401(k) match · 2024
Employer contribution per active participant$4,225
Median for plans this size$3,635
2024$4,225 per active participant
2023$3,336 per active participant
2022$4,065 per active participant

Gcom Software LLC'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$158,832
GCOM SOFTWARE LLC · Other servicesindirect comp
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp
CREATIVE PLANNING, LLC · Investment advisory (participants)indirect comp

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$158,832 · 0.24%
2023$117,688 · 0.29%
2022$102,119 · 0.43%
Similar plansProfessional & Technical Services · Maryland
Learn IT Systems, LLC MD$77.5M · 0.03%
Jbs International, Inc. MD$74.0M · 0.02%
Sc&H Group, Inc. MD$74.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522179898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.