Plan Ledger DOL Form 5500 · updated monthly

Global Shop Solutions, Inc.401(k)

GLOBAL SHOP SOLUTIONS, INC. 401(K) PLAN · THE WOODLANDS, TX · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Global Shop Solutions, Inc. reported $85,027 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $4,914 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 0.25% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,160th-largest of 5,688 plans among Texas employers on file, and the 3,054th of 11,654 in professional & technical services. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,040,013
Participants with balances308
Active participants302
Employer contributions$1,484,026
Employee contributions$2,752,307
Employer contribution per active participant$4,914
Average account balance$142,987
Benefits paid to participants$2,885,957
Plan auditUnmodified (clean) audit opinion
AuditorHARPER & PEARSON COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$44.0M · 308 accts · $1.5M emplr
2023$37.1M · 310 accts · $1.4M emplr
2022$28.9M · 284 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,485
Investment management$78,542
Total administrative$85,027
The Global Shop Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$4,914
Median for plans this size$2,416
2024$4,914 per active participant
2023$4,825 per active participant
2022$4,579 per active participant

Global Shop Solutions, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$78,542
ADP, INC. · Loan processing · Recordkeeping$6,485
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$85,027 · 0.21%
2023$78,493 · 0.24%
2022$78,508 · 0.25%
Similar plansProfessional & Technical Services · Texas
Fesco, LTD. TX$46.0M · 0.13%
Lone Star Legal Aid TX$45.9M · 0.01%
Germer PLLC TX$43.7M · 0.13%
Actian Corporation TX$43.7M · 0.22%
Pmg Worldwide, LLC TX$43.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760064835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.