Plan Ledger DOL Form 5500 · updated monthly

Gma Accessories Inc.401(k)

GMA ACCESSORIES INC. 401(K) AND PROFIT SHARING PLAN · SOUTH HACKENSACK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.65%

Gma Accessories Inc. reported $89,856 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. 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 rose from 0.57% to 0.65%. 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 among the smaller plans on file in New Jersey (1,269th of 2,419), and 2,400th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$14,624,340
Participants with balances262
Active participants231
Employer contributions—
Employee contributions$1,036,522
Employer contribution per active participant—
Average account balance$55,818
Benefits paid to participants$1,391,906
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 262 accts
2023$13.2M · 256 accts
2022$11.5M · 278 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,615
Investment management$63,882
Audit (IQPA)$11,359
Total administrative$89,856
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 · 20245
NEWPORT CAPITAL GROUP LLC · Recordkeeping · Trustee$32,299
NEWPORT CAPITAL GROUP LLC · Recordkeeping · Trustee$31,583
ADP, INC. · Loan processing · Recordkeeping$14,614
CITRIN COOPERMAN & COMPANY LLP · Recordkeeping · Pension consulting$11,359
ADP BROKER-DEALERindirect 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, CITRIN COOPERMAN & COMPANY LLP, NEWPORT CAPITAL GROUP LLC
2023ADP, GETTRY MARCUS CPA, P.C., NEWPORT CAPITAL GROUP LLC

This plan has changed recordkeepers within these filings. If you left Gma Accessories Inc. 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).

Administrative cost history3
2024$89,856 · 0.65%
2023$89,401 · 0.72%
2022$72,492 · 0.57%
Similar plansWholesale Trade · New Jersey
Poy Holdings LLC NJ$15.8M · 0.43%
Blue Raven Solutions, LLC NJ$15.5M · 0.53%
Crp Industries, Inc. NJ$15.0M · 0.00%
Rugsusa, LLC NJ$14.5M · 0.36%
Alden Leeds, Inc. NJ$14.4M · 0.58%
Tharanco Group, Inc. NJ$14.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113034754 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.