Plan Ledger DOL Form 5500 · updated monthly

GM2 Associates, Inc.401(k)

GM2 ASSOCIATES, INC. 401(K) PLAN · GLASTONBURY, CT · plan year 2024

Employer contribution per participant · 2024
$1,580

GM2 Associates, Inc.'s 2024 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 $30,119,996 across 257 participant accounts, with employer contributions averaging $1,580 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.00% to 0.01%. 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 426th-largest of 1,106 plans among Connecticut employers on file, and the 4,168th of 11,654 in professional & technical services. In 2024, employees put in $6.35 for every $1.00 the employer contributed; active participation has grown from 152 to 239 since 2022.

Plan summary
Net assets, end of year$30,119,996
Participants with balances257
Active participants239
Employer contributions$377,618
Employee contributions$2,399,240
Employer contribution per active participant$1,580
Average account balance$117,198
Benefits paid to participants$885,458
Plan auditUnmodified (clean) audit opinion
AuditorFRIMPONG AND ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$30.1M · 257 accts · $378K emplr
2023$18.4M · 161 accts · $360K emplr
2022$14.4M · 154 accts · $253K emplr
Administrative expenses, itemized · 2024
Investment management$3,723
Total administrative-$1,563
The GM2 Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$1,580
Median for plans this size$2,416
2024$1,580 per active participant
2023$1,924 per active participant
2022$1,663 per active participant

GM2 Associates, 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$1,447 · 0.01%
2022$111 · 0.00%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 061510087 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.