Glc Business Services LLC401(k)
GLC BUSINESS SERVICES LLC 401(K) PLAN · ROCHESTER, NY · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Glc Business Services LLC reported $28,173 in plan administrative expenses for 2024: 1.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $527 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 fell from 1.50% to 1.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (5,029th of 5,648), and 1,843rd of 2,534 in administrative & support services. In 2024, employees put in $3.33 for every $1.00 the employer contributed; active participation has shrunk from 168 to 135 since 2022.
Glc Business Services LLC's 2024 employer contribution ran below the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Glc Business Services LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 844047645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.