Plan Ledger DOL Form 5500 · updated monthly

Gnbank, National Association401(k)

GNBANK, NATIONAL ASSOCIATION 401(K) PLAN · GIRARD, KS · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Gnbank, National Association reported $52,844 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,959 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 fell from 0.56% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 363rd-largest of 828 plans among Kansas employers on file, and 3,433rd of 4,798 in finance & insurance. In 2024, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,739,735
Participants with balances173
Active participants144
Employer contributions$426,136
Employee contributions$746,585
Employer contribution per active participant$2,959
Average account balance$90,981
Benefits paid to participants$802,471
Plan auditUnmodified (clean) audit opinion
AuditorALLEN GIBBS & HOULIK LC
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 173 accts · $426K emplr
2023$13.7M · 165 accts · $406K emplr
2022$13.3M · 165 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,844
Total administrative$52,844
The Gnbank, National Association 401(k) match · 2024
Employer contribution per active participant$2,959
Median for plans this size$2,416
2024$2,959 per active participant
2023$2,821 per active participant
2022$2,679 per active participant

Gnbank, National Association's 2024 employer contribution ran above 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,248

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,844 · 0.36%
2023$50,731 · 0.38%
2022$81,005 · 0.56%
Similar plansFinance & Insurance · Kansas
Farmers Bank & Trust KS$16.8M · 0.09%
Modern Wealth Business, LLC KS$16.5M · 0.11%
Bcinsourcing, LLC KS$16.2M · 0.18%
Community Bancshares, Inc. KS$15.1M · 0.18%
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Exchange Bank & Trust KS$15.0M · 0.32%
Azura Credit Union KS$14.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480237220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.