Plan Ledger DOL Form 5500 · updated monthly

Gem Software, Inc.401(k)

GEM SOFTWARE 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Employer contribution per participant · 2024
$0

Gem Software, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $11,469,201 across 224 participant accounts, with employer contributions averaging $0 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.021% to 0.016%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (5,088th of 9,483), and 1,411th of 2,199 in information & media. active participation has shrunk from 203 to 115 since 2022.

Plan summary
Net assets, end of year$11,469,201
Participants with balances224
Active participants115
Employer contributions$0
Employee contributions$1,589,630
Employer contribution per active participant$0
Average account balance$51,202
Benefits paid to participants$1,622,415
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 224 accts
2023$9.7M · 212 accts · $408 emplr
2022$7.0M · 302 accts
The Gem Software, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Gem Software, Inc.'s 2024 employer contribution ran below the $2,416 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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
2024Not separately reported
2023$1,326 · 0.02%
2022$1,120 · 0.02%
Same employer
Similar plansInformation & Media · California
The Springhill Company, LLC CA$11.8M · 0.56%
Hg Insights, Inc. CA$11.7M · 0.40%
Nozomi Networks, Inc CA$11.7M · 0.12%
Attom Data Solutions, LLC CA$11.4M · 0.27%
Yugabytedb, Inc. CA$11.3M · 0.23%
Vagaro, Inc. CA$11.3M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821703540 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.