Plan Ledger DOL Form 5500 · updated monthly

Gestamp North America, Inc.401(k)

GESTAMP NORTH AMERICA 401(K) PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Gestamp North America, Inc. reported $520,459 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,248 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 0.42% to 0.45%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 240th-largest of 2,619 plans among Michigan employers on file, and the 1,669th of 13,661 in manufacturing. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$119,210,961
Participants with balances2,024
Active participants4,075
Employer contributions$5,087,117
Employee contributions$9,141,092
Employer contribution per active participant$1,248
Average account balance$58,899
Benefits paid to participants$22,990,026
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$119.2M · 2,024 accts · $5.1M emplr
2023$112.3M · 2,074 accts · $4.7M emplr
2022$96.6M · 2,174 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$520,459
Total administrative$520,459
The Gestamp North America, Inc. 401(k) match · 2024
Employer contribution per active participant$1,248
Median for plans this size$3,635
2024$1,248 per active participant
2023$1,150 per active participant
2022$1,197 per active participant

Gestamp North America, Inc.'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$520,459
PLANTE MORAN · Accounting / auditindirect comp
STIFEL NICOLAUS & COMPANY INC · Pension consulting · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$520,459 · 0.45%
2023$455,227 · 0.44%
2022$439,699 · 0.42%
Same employer
Similar plansManufacturing · Michigan
Veoneer US, LLC. MI$123.5M · 0.04%
Martinrea Industries, Inc. MI$121.1M · 0.35%
Trimas Corporation MI$121.1M · 0.12%
Request Foods, Inc. MI$120.8M · 0.20%
Graham Health Services, LLC MI$117.3M · 0.42%
Summit Polymers, Inc. MI$116.7M · 0.03%
Landscape Forms, Inc. MI$113.0M · 0.05%
Gerdau Macsteel, Inc. MI$112.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201911637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.