Plan Ledger DOL Form 5500 · updated monthly

General Insulation Company, Inc.401(k)

GENERAL INSULATION COMPANY, INC. 401(K) PROFIT SHARING PLAN · ROCKLAND, MA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

General Insulation Company, Inc. reported $59,678 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,303 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 0.04% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,060th-largest of 2,726 plans among Massachusetts employers on file, and the 1,108th of 5,215 in retail trade. In 2024, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,810,035
Participants with balances280
Active participants404
Employer contributions$1,334,426
Employee contributions$1,344,306
Employer contribution per active participant$3,303
Average account balance$99,322
Benefits paid to participants$2,037,673
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$27.8M · 280 accts · $1.3M emplr
2023$23.6M · 264 accts · $1.0M emplr
2022$17.5M · 237 accts · $819K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,678
Total administrative$59,678
The General Insulation Company, Inc. 401(k) match · 2024
Employer contribution per active participant$3,303
Median for plans this size$2,416
2024$3,303 per active participant
2023$2,648 per active participant
2022$2,213 per active participant

General Insulation Company, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
LINCOLN INVESTMENT PLANNING, LLC · Investment advisory (plan)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$59,678 · 0.23%
2023$40,048 · 0.19%
2022$7,226 · 0.04%
Same employer
Similar plansRetail Trade · Massachusetts
Newbury Comics, Inc. MA$29.6M · 0.14%
Christianbook, LLC MA$28.5M · 0.47%
Kaspersky Lab, Inc. MA$27.9M · 0.05%
Kelly Automotive Group MA$25.4M · 0.09%
Woburn Foreign Motors, Inc. MA$24.7M · 0.73%
Devaney Energy, Inc. MA$24.3M · 0.17%
Daniel J. Quirk, Inc. MA$23.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041044750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.