Plan Ledger DOL Form 5500 · updated monthly

Gns Healthcare, Inc401(k)

GNS HEALTHCARE, INC. 401(K) PLAN · SOMERVILLE, MA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Gns Healthcare, Inc reported $2,434 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,099 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 0.02% to 0.04%. 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 Massachusetts (2,168th of 2,726), and 9,101st of 11,654 in professional & technical services. In 2024, employees put in $5.47 for every $1.00 the employer contributed; active participation has shrunk from 55 to 30 since 2022.

Plan summary
Net assets, end of year$6,778,450
Participants with balances152
Active participants30
Employer contributions$92,958
Employee contributions$508,443
Employer contribution per active participant$3,099
Average account balance$44,595
Benefits paid to participants$833,528
Plan auditUnmodified (clean) audit opinion
AuditorLGA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 152 accts · $93K emplr
2023$6.2M · 168 accts · $87K emplr
2022$5.1M · 151 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,434
Total administrative$2,434
The Gns Healthcare, Inc 401(k) match · 2024
Employer contribution per active participant$3,099
Median for plans this size$1,313
2024$3,099 per active participant
2023$2,130 per active participant
2022$1,779 per active participant

Gns Healthcare, Inc's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$2,433
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY SMITH BARNEY · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$2,434 · 0.04%
2023$1,415 · 0.03%
2022$1,370 · 0.02%
Similar plansProfessional & Technical Services · Massachusetts
Cogo Labs MA$7.0M · 0.12%
Thought Industries, Inc. MA$7.0M · 0.04%
Beales LLC MA$6.9M · 0.66%
INNO4 LLC MA$6.8M · 0.62%
Proletariat, Inc. MA$6.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271667187 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.