Plan Ledger DOL Form 5500 · updated monthly

Gemi Management Company, Inc.401(k)

HADDAD DEALERSHIPS 401(K) PLAN · PITTSFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Gemi Management Company, Inc. reported $74,459 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $499 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 0.97% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (1,948th of 2,726), and 2,759th of 5,215 in retail trade. In 2024, employees put in $7.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,385,326
Participants with balances178
Active participants190
Employer contributions$94,861
Employee contributions$757,454
Employer contribution per active participant$499
Average account balance$52,727
Benefits paid to participants$891,868
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 178 accts · $95K emplr
2023$8.2M · 171 accts · $97K emplr
2022$6.7M · 262 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,008
Investment management$38,451
Total administrative$74,459
The Gemi Management Company, Inc. 401(k) match · 2024
Employer contribution per active participant$499
Median for plans this size$1,313
2024$499 per active participant
2023$519 per active participant
2022$377 per active participant

Gemi Management Company, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20244
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$29,896
EMPOWER ADVISORY GROUP, LLC · Investment management$5,195
SUMMIT FINANCIAL LLC · Investment advisory (plan)$3,360

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$74,459 · 0.85%
2023$72,366 · 0.97%
2022$69,783 · 0.97%
Similar plansRetail Trade · Massachusetts
Norwood Subaru, Inc. MA$9.8M · 1.10%
Rolf C. Hagen USA Corp MA$9.6M · 0.34%
U.S. Art Company, Inc. MA$9.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 756627452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.