Plan Ledger DOL Form 5500 · updated monthly

Gmi Companies, Inc.401(k)

GMI COMPANIES, INC. 401(K) PROFIT SHARING PLAN · LEBANON, OH · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Gmi Companies, Inc. reported $41,372 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,656 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 rose from 0.26% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,884th of 3,295), and 8,267th of 13,661 in manufacturing. In 2024, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,256,284
Participants with balances168
Active participants168
Employer contributions$278,237
Employee contributions$588,327
Employer contribution per active participant$1,656
Average account balance$67,002
Benefits paid to participants$1,168,129
Plan auditUnmodified (clean) audit opinion
AuditorBRIXEY MEYER
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 168 accts · $278K emplr
2023$10.3M · 159 accts · $82K emplr
2022$8.7M · 185 accts · $78K emplr
Administrative expenses, itemized · 2024
Investment management$27,772
Total administrative$41,372
The Gmi Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,656
Median for plans this size$2,416
2024$1,656 per active participant
2023$488 per active participant
2022$495 per active participant

Gmi Companies, 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.

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 · 20244
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$27,464
GMI COMPANIES INC DBA GHENT$13,600
EMPOWER ADVISORY GROUP, LLC · Investment management$308

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

Administrative cost history3
2024$41,372 · 0.38%
2023$23,738 · 0.25%
2022$26,156 · 0.26%
Same employer
Similar plansManufacturing · Ohio
B-K Tool & Design, Inc. OH$11.4M · 0.02%
Techmetals, Inc. OH$11.4M · 0.11%
McGregor Metal Holdings LLC OH$11.4M · 0.20%
Seal Master Corporation OH$11.2M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310895928 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.