Plan Ledger DOL Form 5500 · updated monthly

Gellert Global Group401(k)

GELLERT GLOBAL GROUP RETIREMENT PLAN · ELIZABETH, NJ · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Gellert Global Group reported $555,777 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $983 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 0.39% to 0.70%. 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 411th-largest of 2,419 plans among New Jersey employers on file, and the 495th of 4,246 in wholesale trade. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 1,499 to 1,834 since 2022.

Plan summary
Net assets, end of year$85,268,751
Participants with balances576
Active participants1,834
Employer contributions$1,802,540
Employee contributions$3,843,854
Employer contribution per active participant$983
Average account balance$148,036
Benefits paid to participants$5,421,309
Plan auditUnmodified (clean) audit opinion
AuditorHILL, BARTH & KING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$85.3M · 576 accts · $1.8M emplr
2023$72.5M · 566 accts · $1.8M emplr
2022$61.7M · 548 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$280,226
Investment management$225,939
Audit (IQPA)$49,612
Total administrative$555,777
The Gellert Global Group 401(k) match · 2024
Employer contribution per active participant$983
Median for plans this size$3,635
2024$983 per active participant
2023$1,052 per active participant
2022$1,186 per active participant

Gellert Global Group's 2024 employer contribution ran below the $3,635 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$280,226
NEWPORT CAPITAL GROUP$225,939
RSM US LLP · Accounting / audit$49,613

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$555,777 · 0.70%
2023$292,234 · 0.44%
2022$265,591 · 0.39%
Similar plansWholesale Trade · New Jersey
Radwell International LLC NJ$88.1M · 0.27%
Donjon Marine Co., Inc. NJ$87.8M · 0.23%
Gusmer Enterprises, Inc. NJ$74.9M · 0.10%
Stephen Gould Corporation NJ$74.5M · 0.11%
Proximo Spirits Inc. NJ$72.0M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260722578 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.