Plan Ledger DOL Form 5500 · updated monthly

Gms Management Solutions Inc401(k)

GMS MANAGEMENT SOLUTIONS INC 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Gms Management Solutions Inc reported $18,706 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $1,818 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 3 years on file its reported administrative ratio has held roughly steady near 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,977th of 5,648), and 10,648th of 11,654 in professional & technical services. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 107 to 118 since 2022.

Plan summary
Net assets, end of year$2,698,989
Participants with balances170
Active participants118
Employer contributions$214,541
Employee contributions$426,280
Employer contribution per active participant$1,818
Average account balance$15,876
Benefits paid to participants$182,446
Plan auditUnmodified (clean) audit opinion
AuditorSBNG PC
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 170 accts · $215K emplr
2023$2.0M · 163 accts · $197K emplr
2022$1.3M · 150 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,657
Investment management$11,189
Trustee / custodial$860
Total administrative$18,706
The Gms Management Solutions Inc 401(k) match · 2024
Employer contribution per active participant$1,818
Median for plans this size$1,313
2024$1,818 per active participant
2023$1,527 per active participant
2022$1,385 per active participant

Gms Management Solutions Inc's 2024 employer contribution ran above the $1,313 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 · 20242
PAYCHEX, INC. · Recordkeeping$6,899
LEVELIZED COMPENSATION ADVISOR · Investment advisory (plan)$11,184

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

Recordkeeper by year2
2024Paychex
2023LEVELIZED COMPENSATION ADVISOR, Paychex

This plan has changed recordkeepers within these filings. If you left Gms Management Solutions 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$18,706 · 0.80%
2023$14,437 · 0.88%
2022$11,410 · 0.82%
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Source: U.S. Department of Labor, Form 5500 series, EIN 331056152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.