Plan Ledger DOL Form 5500 · updated monthly

Gemini Pharmaceuticals Inc401(k)

GEMINI PHARMACEUTICALS INC 401(K) PROFIT SHARING PLAN & TRUST · HAUPPAUGE, NY · plan year 2022

Reported admin expense ratio · 2022
0.92%

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

Gemini Pharmaceuticals Inc reported $11,892 in plan administrative expenses for 2022: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $347 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (5,309th of 5,648), and 13,222nd of 13,661 in manufacturing. In 2022, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,136,077
Participants with balances26
Active participants270
Employer contributions$93,739
Employee contributions$115,661
Employer contribution per active participant$347
Average account balance$43,695
Benefits paid to participants$254,220
Plan auditUnmodified (clean) audit opinion
AuditorMAZARS USA LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,892
Total administrative$11,892
The Gemini Pharmaceuticals Inc 401(k) match · 2022
Employer contribution per active participant$347
Median for plans this size$1,114

Gemini Pharmaceuticals Inc's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$11,892 · 0.92%
Similar plansManufacturing · New York
Kemistre 8, LLC NY$1.5M · 0.74%
Storflex Holdings Inc NY$1.5M · 0.37%
Tectran Mfg, Inc. NY$1.4M · 1.11%
Bli International, Inc. NY$1.1M · 0.38%
Banza LLC NY$1.1M · 1.26%
Precare Corp. NY$1.0M · 3.91%
Gina Group, LLC NY$994K · 0.91%
Power Pallet Inc NY$981K · 1.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 112601291 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.