Plan Ledger DOL Form 5500 · updated monthly

Gibson Brands, Inc.401(k)

GIBSON BRANDS, INC. 401(K) PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Gibson Brands, Inc. reported $120,565 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,661 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 3 years on file its reported administrative ratio has held roughly steady near 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 275th-largest of 1,496 plans among Tennessee employers on file, and the 2,996th of 13,661 in manufacturing. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has shrunk from 1,426 to 1,254 since 2022.

Plan summary
Net assets, end of year$53,504,966
Participants with balances1,114
Active participants1,254
Employer contributions$2,083,125
Employee contributions$4,362,473
Employer contribution per active participant$1,661
Average account balance$48,030
Benefits paid to participants$3,065,231
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.5M · 1,114 accts · $2.1M emplr
2023$43.5M · 1,028 accts · $1.8M emplr
2022$32.8M · 1,077 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,170
Investment management$16,725
Audit (IQPA)$8,670
Total administrative$120,565
The Gibson Brands, Inc. 401(k) match · 2024
Employer contribution per active participant$1,661
Median for plans this size$2,416
2024$1,661 per active participant
2023$1,402 per active participant
2022$1,317 per active participant

Gibson Brands, Inc.'s 2024 employer contribution ran below 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$95,170
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$16,725
KRAFT CPAS, PLLC · Accounting / audit$8,670

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$120,565 · 0.25%
2023$84,605 · 0.22%
2022$81,382 · 0.24%
Same employer
Similar plansManufacturing · Tennessee
Miller Industries, Inc. TN$63.1M · 0.37%
Kasai North America, Inc. TN$55.7M · 0.79%
Southern Champion Tray, L P TN$55.4M · 0.40%
Steel Connect, Inc. TN$54.3M · 0.02%
Ideal Clamp Products, Inc. TN$50.3M · 0.26%
Dura-Line LLC TN$49.4M · 0.48%
Lodge Manufacturing Company TN$46.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731244520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.