Plan Ledger DOL Form 5500 · updated monthly

Global Financial Aid Services, Inc.401(k)

GLOBAL FINANCIAL AID SERVICES, INC. 401(K) PLAN · GULFPORT, MS · plan year 2022

Employer contribution per participant · 2022
$1,348

Global Financial Aid Services, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $4,807,926 across 76 participant accounts, with employer contributions averaging $1,348 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Mississippi (244th of 367), and 1,462nd of 2,534 in administrative & support services. In 2022, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,807,926
Participants with balances76
Active participants83
Employer contributions$111,850
Employee contributions$194,255
Employer contribution per active participant$1,348
Average account balance$63,262
Benefits paid to participants$346,843
Plan auditUnmodified (clean) audit opinion
AuditorWEWORSKI & ASSOCIATES
The Global Financial Aid Services, Inc. 401(k) match · 2022
Employer contribution per active participant$1,348
Median for plans this size$1,114

Global Financial Aid Services, Inc.'s 2022 employer contribution ran above the $1,114 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.

Similar plansAdministrative & Support Services · Mississippi
Central Service Association MS$15.3M · 0.51%
Tempstaff, Inc. MS$1.7M · 1.29%
The Sunray Companies LLC MS$1.4M · 1.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640891996 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.