Plan Ledger DOL Form 5500 · updated monthly

Gibson Technical Services, Inc.401(k)

GTS PLATFORM 401(K) PLAN · CANTON, GA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Gibson Technical Services, Inc. reported $67,201 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,832 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 1 year on file its reported administrative ratio fell from 0.54% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 932nd-largest of 2,160 plans among Georgia employers on file, and the 2,087th of 4,246 in wholesale trade. In 2024, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,841,116
Participants with balances210
Active participants139
Employer contributions$532,622
Employee contributions$813,031
Employer contribution per active participant$3,832
Average account balance$84,958
Benefits paid to participants$1,710,937
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$17.8M · 210 accts · $533K emplr
2023$15.8M · 248 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,201
Total administrative$67,201
The Gibson Technical Services, Inc. 401(k) match · 2024
Employer contribution per active participant$3,832
Median for plans this size$2,416
2024$3,832 per active participant
2023$7,149 per active participant

Gibson Technical Services, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$67,201
RAYMOND JAMES FIN SVCS ADVISORS · 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 history2
2024$67,201 · 0.40%
2023$87,028 · 0.54%
Same employer
Similar plansWholesale Trade · Georgia
Harbin Lumber Co., Inc. GA$19.5M · 0.36%
Gran Quartz, LP GA$19.4M · 0.41%
Hall Boys, Inc. GA$17.3M · 0.07%
Interra International, LLC GA$17.3M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582067079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.