Plan Ledger DOL Form 5500 · updated monthly

Gmf Construction LLC401(k)

GMF STEEL GROUP 401(K) PLAN · LAKELAND, FL · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

Gmf Construction LLC reported $19,859 in plan administrative expenses for 2022: 0.42% of average plan assets, below the peer median. Employer contributions averaged $2,220 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,614th of 3,644), and 11,535th of 13,661 in manufacturing. In 2022, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,379,885
Participants with balances96
Active participants74
Employer contributions$164,263
Employee contributions$333,016
Employer contribution per active participant$2,220
Average account balance$45,624
Benefits paid to participants$393,351
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$19,859
Total administrative$19,859
The Gmf Construction LLC 401(k) match · 2022
Employer contribution per active participant$2,220
Median for plans this size$1,114

Gmf Construction LLC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$19,859 · 0.42%
Similar plansManufacturing · Florida
Cisneros Ventures LLC FL$4.2M · 0.07%
Global Widget, LLC FL$4.2M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562457346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.