How much does Gms Holdings Inc contribute to its ESOP?

In 2022, employer contributions to the Gms Holdings Inc plan averaged $20,932 per active participant, above the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Gms Holdings Inc 401(k)?

The average participant account balance was -$183,658 for plan year 2022, based on 477 accounts.

Gms Holdings IncESOP

Name: Gms Holdings Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN · OAKLAND, MD · plan year 2022

Employer contribution per participant · 2022

$20,932

Gms Holdings Inc's 2022 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 -$87,605,038 across 477 participant accounts, with employer contributions averaging $20,932 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other mining, oil & gas extraction employers.

Plan summary
Net assets, end of year-$87,605,038
Participants with balances477
Active participants400
Employer contributions$8,372,698
Employee contributions—
Employer contribution per active participant$20,932
Average account balance-$183,658
AuditorBRADY, WARE AND SCHOENFELD, INC.

Employer contributions to the Gms Holdings Inc plan · 2022

Employer contribution per active participant$20,932

Median for plans this size$331

Gms Holdings Inc's 2022 employer contribution ran above the $331 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 886739084 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.